The Relationship between Oil Prices, Inflation, Exchange Rate and Economic Activities: Cases GCC between 2010 to 2014
Keywords:Oil Prices, Inflation, Exchange Rate, Economic Activities.
The main purpose of this paper is to examine how GCC economic activity is affected by changes in international oil prices. We find that oil prices and devaluation have strongly significant positive effect on economic activity. We also consider the effect of Inflation and real effective exchange rate on economic activity in the model. The
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