Natural Resource Rents and Unemployment in Oil Exporting Countries
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Keywords

Natural resource rents unemployment, Oil exporting countries PMG-ARDL, Dutch disease, Causality test.

How to Cite

Fattah, E. R. A. . (2017). Natural Resource Rents and Unemployment in Oil Exporting Countries. Asian Economic and Financial Review, 7(10), 952–958. https://doi.org/10.18488/journal.aefr.2017.710.952.958

Abstract

The main objective of this study is to examine short-run and long-run relationship between natural resource rents and unemployment in OPEC and OAPEC countries over the period from 1991 to 2016, using PMG-ARDL model. The causality test shows that causality runs from total natural resources rents to unemployment. The study finds that, on the long-run, the impact of natural resource rents on unemployment rate is a positive significant impact, whether using aggregated data for natural resource rents or disaggregated (oil and natural gas). Almost all the variables have no significant impact on unemployment on the short-run.

https://doi.org/10.18488/journal.aefr.2017.710.952.958
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