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

Author

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  • Anis Khayati

    (Department of Economics and Finance, College of Business Administration, University of Bahrain, Sakhir, Bahrain.)

Abstract

This study investigates the effect of oil and non-oil exports on economic growth in Bahrain over the period 1977-2015. The cointegration analysis shows that economic growth was positively and significantly related to exports. However, oil effects have the biggest effect on real GDP. Also, results show that oil exports have a positive impact on economic growth both in the short run and in the long run. Therefore, further encouragement of non-oil sectors and higher diversification of exports would lead to positive effects on the economy.

Suggested Citation

  • Anis Khayati, 2019. "The Effects of Oil and Non-oil Exports on Economic Growth in Bahrain," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 160-164.
    • Handle: RePEc:eco:journ2:2019-03-18
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    References listed on IDEAS

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    Cited by:

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    2. Orkhan Tashakkul Sadigov, 2020. "Effective Ways to Inject Oil Revenues into the Economy in Oil Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 319-323.

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    More about this item

    Keywords

    economic growth; oil exports; causality; Bahrain;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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