Oil prices and fiscal policy in an oil-exporter country: Empirical evidence from Oman

Aljabri, Salwa; Raghavan, Mala; Vespignani, Joaquin L.

doi:10.1016/j.eneco.2022.106103

Cited by 18 publications

(3 citation statements)

References 38 publications

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“…Another study also found that fuel price affected by the global crude oil price is directly proportional to GDP growth in developing countries (Abdelsalam, 2020), while growth promoted by fuel price affects GDP growth positively (Kliesen, 2006). Exports, particularly oil products, contributed significantly to Kuwait's GDP (Al-Zuhair & Al-Bazali, 2022), accounting for almost half of the variation in Oman's GDP (Al Jabri et al, 2022).…”

Section: Resultsmentioning

confidence: 93%

The Role of Export in Boosting Indonesia’s GDP during Crisis: Macroeconomic Conditions

Goestjahjanti,

Pasaribu,

Novitasari

et al. 2023

Etikonomi

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Research examining the determinants of export activities affecting economic growth during the pandemic is gaining global interest, particularly in Indonesia, which recently reduced its fuel subsidy as a unique case in this field. Hence, this study examines the role of export and macroeconomic conditions, including fuel price, exchange rate, and interest rate, in boosting Indonesia’s GDP during the crisis. We examine this relationship by conducting a structural equation model and path analysis on secondary data from 1995-2022. The result shows that both partially and simultaneously, fuel prices, exchange rates, and interest rates significantly affect exports. On the other hand, an increase in export activity improves Indonesian GDP. Thus, simultaneous control of fuel prices, exchange rate, interest rate, and export value can improve Indonesian GDP growth even during the crisis. Based on this result, this article proposes suggestions to the government for a stable fuel price, exchange rate, interest rate, and government policy to promote future economic growth.JEL Classification: E31, E43, F31, C32, O47

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Section: Resultsmentioning

confidence: 93%

The Role of Export in Boosting Indonesia’s GDP during Crisis: Macroeconomic Conditions

Goestjahjanti,

Pasaribu,

Novitasari

et al. 2023

Etikonomi

View full text Add to dashboard Cite

show abstract

“…Secondly, a notable gap in previous empirical studies analyzing the nexus between oil price changes and macroeconomic activities is the predominant focus on the GDP as a unified entity, neglecting the differentiation between its core components such as investment, net exports, public expenditure, and consumption. This assumption implies a uniform impact of oil price changes on all GDP components, yet evidence suggests that the subcomponents of GDP may respond differently to such fluctuations (Al-Jabri et al, 2022). The four main components of GDP can present disparate pictures as they follow distinct trends, production processes, and growth trajectories, each intertwined with unique factors.…”

Section: Introductionmentioning

confidence: 99%

How Do Oil Prices Affect the GDP and its Components? New Evidence from a Time-Varying Threshold Model

Ben Salem,

Nouira,

Saafi

et al. 2024

SSRN Journal

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“…With an average production of one million barrels per day (bpd), Sultanate of Oman has also suffered oil price declined from around $100 to $20 a barrel (Aljabri et al, 2022). The Omani economy, whose 80% revenue depends on oil, has recently recovered from deficit to surplus as the oil price again crossed $100 level.…”

Section: Introductionmentioning

confidence: 99%

The Fallout of the Pandemic: An Investigation of Oman Tourist Destination Brand Equity

JAIN,

JAIN

2023

jotags

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Oman is in the process of diversifying its economy by identifying other sectors to lessen dependency on petroleum products. Many such sectors are identified as tourism, manufacturing, fisheries, mining, transportation, and logistics. Coronavirus pandemic has a significant impact on the global economy. As countries around the globe begin to emerge from the pandemic, what will be the new normal for tourism? This new normal is already beginning to affect tourism sector in Sultanate of Oman. The present study explores how the fallout of the pandemic will affect destination brand equity from a tourist perspective. However, most of the previous studies that deal with the similar issues, do not include effective ways to develop Oman tourism destination as a brand. The results reveal that destination Oman significantly satisfies all dimensions of brand equity, i.e., brand awareness, perceived quality, brand association, and brand loyalty. The perceived risk dimension is also extracted in the study to recognize the impact of pandemic crises.

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Oil prices and fiscal policy in an oil-exporter country: Empirical evidence from Oman

Cited by 18 publications

References 38 publications

The Role of Export in Boosting Indonesia’s GDP during Crisis: Macroeconomic Conditions

The Role of Export in Boosting Indonesia’s GDP during Crisis: Macroeconomic Conditions

How Do Oil Prices Affect the GDP and its Components? New Evidence from a Time-Varying Threshold Model

The Fallout of the Pandemic: An Investigation of Oman Tourist Destination Brand Equity

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