%0 Journal Article
%T A MACRO ¨CECONOMETRIC STUDY OF OIL ENERGY: OPAEP PANELĄ¯S DATA ANALYSIS
%A Mostefa BELMOKADDEM
%A Sidi Mohamed Boumediene KHETIB
%A Mohamed Seghir GUELLIL
%J Journal of Social and Economic Statistics
%D 2013
%I Bucharest Academy of Economic Studies
%X The interest of this paper is to show the relationship GDP - Oil Production,that is to say that the trajectory of GDP is subject to oil production because a shortage in the oil sector will influence all other sectors therefore automatically GDP will decline. We will try to prove this relationship by applying the method of analysis of panel data on the memberĄ¯s countries of OAPEC. Previously, it was very difficult to make a logical explanation of changes in GDP because economists could not make a correct calculation because they are only interested in oil prices. The reason for using the analysis of panel data is that this method will allow us to proceed with the estimation of an equation valid for all countries by obtaining values of GDP and oil production in order to confirm that it is a relationship between GDP and oil production responding to the hypothesis posed at the beginning
%K oil economy
%K OAPEC
%K macro-econometric modeling
%K trajectory of GDP
%K oil production
%K analysis of panel data
%K economic growth
%U http://jses.ase.ro/downloads/Vol2NO1/213belmokaddem.pdf