The Effects of Oil and Non-Oil Exports on Economic Growth in Bahrain

Khayati, Anis

doi:10.32479/ijeep.7476

Cited by 14 publications

(10 citation statements)

References 33 publications

(19 reference statements)

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“…The study revealed a negative relationship between oil exports and economic growth while a positive relationship was found between non-oil exports and economic growth. A similar finding was reported by Khayati (2019) in Bahrain for non-oil export and economic growth. However, the study reported a positive impact between oil export and economic growth contradicting the findings by Raheem (2016).…”

Section: Empirical Reviewsupporting

confidence: 89%

Crude oil production and macroeconomic performance in Ghana

et al. 2021

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The objective of this study was to investigate the impact of crude oil production on macroeconomic performance in Ghana. The study employed monthly data from January 2011 to December 2018. The structural vector autoregressive model was employed to analyse the impact of crude oil production on macroeconomic performance. The findings of the structural impulse response function revealed that crude oil production had no impact on the agricultural sector, services sector, exchange rate and inflation. However, crude oil production had a negative and positive impact on the manufacturing sector and fiscal balance, respectively. The findings imply that the government through Ghana National Petroleum Corporation (GNPC) and other major oil stakeholders should establish oil refineries, petroleum industries and fertiliser plants domestically to provide a forward linkage for the non-oil sectors. Also, the government through the Ministry of Trade and Industry should develop the services sectors to meet international standards to provide a backward linkage to the oil sector and ensure the integration of the sectors into the oil industry. The government needs to intensify measures to make the manufacturing sector recover from the adverse effect of the production of crude oil.

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Section: Empirical Reviewsupporting

confidence: 89%

Crude oil production and macroeconomic performance in Ghana

et al. 2021

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“…For small emerging economies, oil and natural gas play a dominant role in Bahrain's economy. In 2017, some 19% of its GDP was contributed by this sector (Khayati, 2019). The country's banking and financial services have also benefited from the regional boom driven by demand for oil (Alaali & Naser, 2020); the financial sector contributed to almost 17% of the national GDP in 2017 (source: Ministry of Finance, Bahrain).…”

Section: Value‐added Account Validationmentioning

confidence: 99%

Full‐scale, near real‐time multi‐regional input–output table for the global emerging economies (EMERGING)

Huo

Chen

Hubacek

et al. 2022

J of Industrial Ecology

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Multi‐regional input–output (MRIO) models are widely used to analyze the economic interdependencies between regions in the context of global trade and environmental research. MRIO tables enable us to teleconnect the sectors in different regions along the supply chain and track both direct and indirect impacts of global production. Yet emerging economies—despite reshaping international trade patterns and playing an increasingly important role in the world economy—are not adequately represented in existing MRIO databases, which lack key detail on countries and sectors. To bridge this gap, our study presents EMERGING: Up‐to‐date and full‐scale MRIO tables covering 135 sectors in 245 economies over the period from 2015 to 2019. We describe in detail the steps in the development of the database and reconciliation and validation of bilateral trade data and national statistics. The EMERGING database is also designed to incorporate more official and publicly available data from national statistical institutes to ensure a high level of data quality, especially for these economies. We compare both national production‐based and consumption‐based value added generated from the EMERGING MRIO with the results from four major MRIO databases. Although global value‐added accounts are similar across databases, we find significant discrepancies at the level of individual countries and sectors concerning conflicting benchmark data.

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“…This study has revealed important findings of testing the variability in export revenues as an average of OECD countries in recent years with an important econometric model. In addition, it appears that Khayati's (2019) article on the relationship between exports and economic growth, published, reveals meaningful determinations for OECD countries. In this article, significant findings have been made about which scales of impact on energy exports will affect growth, especially in the scope of the OECD.…”

Section: Literature Reviewmentioning

confidence: 99%

The Export-Based Variabilities in Oecd And Effects Of The Tax Burden Psychology On Export Limits

2022

Central European Management Journal

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It is observed that different levels of development in OECD countries affect the variability in export limits at different levels. In this study, we aimed to deal with the variability in export limits, as the average of OECD countries, on the basis of both economic growth trends and investments in the production of exported goods. We have seen that all kinds of variability in investments have a positive correlation effect on national income together with the variable effect on export limits. This process of structural change has been involved in different development levels in OECD countries, and we have found that developed industrial countries have different effects on export limits, especially. On the other hand, it appears that these variables in question have different effects on public expenditures related to different investment margins. It turns out that the tax burden phenomenon, which has an important place in the cost of export-oriented investments, and the labor costs on the employer, as the tax wedge, also create significant variable effects. In this context, the significance of the proportional changes in the increase in the values of each economic growth within a more variable investment spectrum with different characteristics in OECD countries is also important. Differences in export limits as country averages are affected by different investment values, as well as directly under the positive effect of the national income effect, it also creates an accelerating effect on the investments in export goods. In this respect, it is understood that the increase in exports in each value in OECD countries creates a mutual correlation with different macro variables and different impact levels of countries.

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The Effects of Oil and Non-Oil Exports on Economic Growth in Bahrain

Cited by 14 publications

References 33 publications

Crude oil production and macroeconomic performance in Ghana

Crude oil production and macroeconomic performance in Ghana

Full‐scale, near real‐time multi‐regional input–output table for the global emerging economies (EMERGING)

The Export-Based Variabilities in Oecd And Effects Of The Tax Burden Psychology On Export Limits

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