Oil shocks and the Economic Growth: A Study for Oil-importing and Exporting Countries in the Time of Covid-19
Table 1.
Results for Algeria and K. ofSaudi Arabi.
|
| |
Saudi Arabia |
Algeria |
|
|
| Single root test |
Significance |
Dickey-Fuller test |
Significance |
Dickey-Fuller test |
|
|
| GDP |
1% level |
-3.61 |
-3.38 |
1% level |
-3.63 |
-3.89 |
|
| Variable test |
5% level |
-2.94 |
5% level |
-2.94 |
|
| 10% level |
-2.61 |
10% level |
-2.61 |
|
| Inflation |
1% level |
-4.27 |
-7.19 |
1% level |
-2.64 |
-5.13 |
|
| Variable test |
5% level |
-3.55 |
5% level |
-1.95 |
|
| 10% level |
-3.21 |
10% level |
-1.61 |
|
| Exchange rate |
1% level |
-2.65 |
-2.71 |
1% level |
-2.65 |
-1.68 |
|
| Variable test |
5% level |
-1.95 |
5% level |
-1.95 |
|
| 10% level |
-1.61 |
10% level |
-1.60 |
|
| Oil price |
1% level |
-2.63 |
-4.34 |
1% level |
-2.63 |
-4.34 |
|
| Variable test |
5% level |
-1.95 |
5% level |
-1.95 |
|
| 10% level |
-1.61 |
10% level |
-1.61 |
|
| wages |
1% level |
-4.21 |
-3.76 |
1% level |
-3.61 |
-2.61 |
|
| Variable test |
5% level |
-3.53 |
5% level |
-2.94 |
|
| 10% level |
-3.19 |
10% level |
-2.60 |
|
| Covid deaths |
1% level |
-7.12 |
-6.72 |
1% level |
-5.12 |
-5.33 |
|
| Variable test |
5% level |
-6.66 |
5% level |
-4.66 |
|
| 10% level |
-6.57 |
10% level |
-4.57 |
|
|
|
|
