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Universal Journal of Business and Management
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  3. Universal Journal of Business and Management
  4. Archive
  5. Volume 1, Number 1, 2021
  6. Article
  7. Table 2

Oil shocks and the Economic Growth: A Study for Oil-importing and Exporting Countries in the Time of Covid-19

Table 2.

Results for Kuwait and Iran.
  Iran Kuwait
Single root test Significance Dickey-Fuller test Significance Dickey-Fuller test
GDP 1% level -3.62 -4.31 1% level -3.62 -6.31
Variable test 5% level -2.96 5% level -2.94
10% level -2.61 10% level -2.61
Inflation 1% level -3.66 -3.84 1% level -3.66 -4.76
Variable test 5% level -2.96 5% level -2.96
10% level -2.61 10% level -2.61
Exchange rate 1% level -2.64 -4.28      
Variable test 5% level -1.95    
10% level -1.61    
Oil price 1% level -2.63 -4.348 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 -2.62 -1.57 1% level -4.21 -2.91
Variable test 5% level -1.94 5% level -3.53
10% level -1.61 10% level -3.19
Covid deaths 1% level -4.42 -4.36 1% level -8.05 -5.78
Variable test 5% level -4.31 5% level -5.88
10% level -4.05 10% level -5.32
Single root test 1% level -2.62 -6.37 1% level -4.62 -6.69
5% level -1.95 5% level -1.95
10% level -1.61 10% level -1.61