Oil Price Shocks Effect on Economic Growth - OPEC versus non-OPEC Economies
Purpose: The purpose of this thesis is to analyse how oil price shocks affect the economic growth in net-oil exporting countries. The aim is to conclude whether the economic growth in the Organisation of Petroleum Exporting Countries (OPEC) is more sensitive to oil price shocks than the economic growth in other exporting countries. Method: The data used covers the years 1980 to 2008 and includes
