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The Impact of Oil Price on Economic Growth in Qatar (1980-2023)
May Issa Ali
Mizher Alhashimi
Keywords: Oil price, Economic growth, Qatar
Published 2024-01-01
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Abstract : This study aimed to test the long-term relationship between global oil prices and economic growth in the State of Qatar (1980-2023). The ARDL methodology was used for testing. The results showed that the study variables are stable for the first difference. High oil prices have a positive impact on economic growth, as high Oil prices increasing by 1% contributes to increasing economic growth by the equivalent of 3.23%, and this confirms the role of oil revenues in Qatari economic growth.
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