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Natural Resource Rents and Unemployment in Oil Exporting Countries

Author

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  • Engy Raouf Abdel Fattah

Abstract

The main objective of this study is to examine short-run and long-run relationship between natural resource rents and unemployment in OPEC and OAPEC countries over the period from 1991 to 2016, using PMG-ARDL model. The causality test shows that causality runs from total natural resources rents to unemployment. The study finds that, on the long-run, the impact of natural resource rents on unemployment rate is a positive significant impact, whether using aggregated data for natural resource rents or disaggregated (oil and natural gas). Almost all the variables have no significant impact on unemployment on the short-run.

Suggested Citation

  • Engy Raouf Abdel Fattah, 2017. "Natural Resource Rents and Unemployment in Oil Exporting Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 7(10), pages 952-958.
  • Handle: RePEc:asi:aeafrj:v:7:y:2017:i:10:p:952-958:id:1608
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    Cited by:

    1. Engy Raouf, 2023. "Green Hydrogen Production and Public Health Expenditure in Hydrogen-Exporting Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(6), pages 36-44, November.

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