IDEAS home Printed from https://ideas.repec.org/a/zbw/espost/148274.html
   My bibliography  Save this article

The Impact of Oil Sector on the Global Competitiveness of GCC Countries: Panel Data Approach

Author

Listed:
  • Qudah, Anas Al
  • Badawi, Ahmed
  • AboElsoud, Mostafa E.

Abstract

This study explores the impact of oil sector on global competitiveness of the GCC states in a panel data framework for the period from 2006 to 2014. The focus is placed on how the non-traditional factors; oil rents, fuel exports as percentage of merchandise exports, oil prices, and mining sector production impact on the global competitiveness of the GCC nations. The study uses panel data techniques to measure the effect of the oil sector’s impact on of global competitiveness of the GCC countries. The results of the regression show that the relation between rent and GCI found to be negative and highly significant whereas the oil prices and contribution of the mining sector in GDP found to have positive relation with GCI at 90% significance level. Finally, fuel exports as percentage of the merchandise exports has insignificant relation with GCI.

Suggested Citation

  • Qudah, Anas Al & Badawi, Ahmed & AboElsoud, Mostafa E., 2016. "The Impact of Oil Sector on the Global Competitiveness of GCC Countries: Panel Data Approach," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 7(20), pages 32-39.
    • Handle: RePEc:zbw:espost:148274
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/148274/1/The%20Impact%20of%20Oil%20Sector%20on%20the%20Global%20Competitiveness%20of%20GCC%20Countries_Panel%20.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fagerberg, Jan, 1996. "Technology and Competitiveness," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 12(3), pages 39-51, Autumn.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Honorata Nyga-Łukaszewska & Tomasz M. Napiórkowski, 2022. "Does Energy Demand Security Affect International Competitiveness? Case of Selected Energy-Exporting OECD Countries," Energies, MDPI, vol. 15(6), pages 1-19, March.
    2. Ahmed Badawi & Anas Al Qudah & Waleed M. Rashideh, 2019. "Determinants of foreign portfolio investment in emerging markets: evidence from Saudi stock market," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 43(4), pages 779-794, October.
    3. Ioannis ANTONIADIS, 2017. "Exploring The Linkage Between Oil And Gas Sector And Competitiveness: A Panel Data Analysis For The Countries Of The Black Sea Region," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 16(1), pages 34-44.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tetiana Kornieieva & Miguel Varela & Ana Lúcia Luís & Natália Teixeira, 2022. "Assessment of Labour Productivity and the Factors of Its Increase in European Union 27 and Ukrainian Economies," Economies, MDPI, vol. 10(11), pages 1-25, November.
    2. Morgenroth, Edgar & FitzGerald, John & FitzGerald, John, 2006. "Summary and Conclusions," Book Chapters, in: Morgenroth, Edgar (ed.),Ex-Ante Evaluation of the Investment Priorities for the National Development Plan 2007-2013, chapter 24, pages 317-333, Economic and Social Research Institute (ESRI).
      • Baker, Terence J. & FitzGerald, John & Honohan, Patrick & FitzGerald, John & Honohan, Patrick, 1996. "Summary and Conclusions," Book Chapters, in: Baker, Terence J. (ed.),Economic Implications for Ireland of EMU, chapter 12, pages 339-352, Economic and Social Research Institute (ESRI).
    3. Ülengin, Füsun & Kabak, Özgür & Önsel, Sule & Aktas, Emel & Parker, Barnett R., 2011. "The competitiveness of nations and implications for human development," Socio-Economic Planning Sciences, Elsevier, vol. 45(1), pages 16-27, March.
    4. Robert Huggins & Hiro Izushi, 2013. "Knowledge-based Development in Leading Regions across the Globe: An Exploratory Analysis of the co-Evolution of Resources, Capabilities and Outputs," Urban Studies, Urban Studies Journal Limited, vol. 50(5), pages 1030-1048, April.
    5. Robert Huggins & Hiro Izushi, 2009. "Regional Benchmarking in a Global Context: Knowledge, Competitiveness, and Economic Development," Economic Development Quarterly, , vol. 23(4), pages 275-293, November.
    6. Jakob B. Madsen, 2004. "Technological Revolutions, Innovations, and Trade Performance," EPRU Working Paper Series 04-12, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    7. Falkowski Krzysztof, 2017. "Long-Term Comparative Advantages of the Eurasian Economic Union Member States in International Trade," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 53(4), pages 27-49, December.
    8. Črt Lenarčič, 2019. "Unit Labour Cost and Unit Capital Cost Indicators in Slovenia and the Other Euro Area Countries," Journal of Innovative Business and Management, DOBA Faculty, vol. 11(2).
    9. Hugues Jennequin & Luis Miotti & El Mouhoub Mouhoud, 2017. "Measurement and anticipation of territorial vulnerability to offshoring risks : An analysis on sectoral data for France," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 497-498, pages 123-144.
    10. Jan Fagerberg & Martin Srholec, 2005. "Catching up: What are the Critical Factors for success?," Working Papers on Innovation Studies 20050401, Centre for Technology, Innovation and Culture, University of Oslo.
    11. Howes, C. & Singh, A., 1999. "National Competitiveness, Dynamics of Adjustment and Long-term Economic Growth: Conceptual, Empirical and Policy Issues," Accounting and Finance Discussion Papers 00-af43, Faculty of Economics, University of Cambridge.
    12. Attila Havas & Doris Schartinger & K. Matthias Weber, 2022. "Innovation Studies, Social Innovation, and Sustainability Transitions Research: From mutual ignorance towards an integrative perspective?," CERS-IE WORKING PAPERS 2227, Institute of Economics, Centre for Economic and Regional Studies.
    13. Padoan, Pier Carlo, 1998. "Trade, knowledge accumulation and diffusion: A sectoral perspective1," Structural Change and Economic Dynamics, Elsevier, vol. 9(3), pages 349-372, September.
    14. Falkowski Krzysztof, 2018. "Competitiveness of the Baltic States in International High-Technology Goods Trade," Comparative Economic Research, Sciendo, vol. 21(1), pages 25-43, March.
    15. Fagerberg, Jan & Srholec, Martin & Knell, Mark, 2007. "The Competitiveness of Nations: Why Some Countries Prosper While Others Fall Behind," World Development, Elsevier, vol. 35(10), pages 1595-1620, October.
    16. Janno Reiljan & Maria Hinrikus & Anneli Ivanov, 2000. "Key Issues In Defining And Analysing The Competitiveness Of A Country," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 1, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    17. Jan Fagerberg & Martin Srholec, 2017. "Capabilities, economic development, sustainability," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(3), pages 905-926.
    18. Reinhard Schumacher, 2013. "Deconstructing the Theory of Comparative Advantage," World Economic Review, World Economics Association, vol. 2013(2), pages 1-83, February.
    19. Andersson, Martin & Johansson, Sara, 2010. "Human capital and the structure of regional export flows," Technology in Society, Elsevier, vol. 32(3), pages 230-240.
    20. Aadne Cappelen & Fulvio Castellacci & Jan Fagerberg & Bart Verspagen, 2003. "The Impact of EU Regional Support on Growth and Convergence in the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 41(4), pages 621-644, September.

    More about this item

    Keywords

    Oil Sector; Global Competitiveness; GCC Countries; Panel Data;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:espost:148274. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/zbwkide.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.