Akademik Veri Yönetim Sistemi
International Journal of Advanced Biotechnology and Research, cilt.8, sa.1, ss.138-148, 2017 (Hakemli Dergi)
Oil export in oil producing countries
has been considered as an important source of wealth, there is a transfer of income
from oil importers to oil exporting countries. However, when the oil price
falls, it means lower export earnings for oil exporting countries and
consequently it affects the accretion to their external reserves. To this end,
the current study uses the data between 1997 and 2015 in a panel analysis of 11
OPEC members. From our findings, we discovered that there exists a long-run
relationship between oil price, oil export and foreign reserve for the
countries under observations