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Evaluating the impact of global oil prices on the SADC and the potential for increased trade in biofuels and natural gas within the region

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  • Alfred Moyo

Abstract

This paper investigates whether Southern African Development Community countries that are vulnerable to changes in oil prices could instead substitute oil and petroleum products with biofuels and gas from within the region. A pooled mean group estimator was used to determine the impact of oil prices on the gross domestic product of 15 Southern African Development Community countries. Results indicate that Mauritius, Mozambique, Tanzania, and Zambia would be negatively affected by oil price changes.

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  • Alfred Moyo, 2019. "Evaluating the impact of global oil prices on the SADC and the potential for increased trade in biofuels and natural gas within the region," WIDER Working Paper Series wp-2019-36, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2019-36
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    More about this item

    Keywords

    Economic growth; Oil prices; Panel data analysis; Regional integration; SADC;
    All these keywords.

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