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Impact of Oil Price Fluctuations on Omani Narrow Money Supply (M1) - (1980-2016)
International Journal of Social Science and Economics Invention
View Archive Info| Field | Value | |
| Title |
Impact of Oil Price Fluctuations on Omani Narrow Money Supply (M1) - (1980-2016)
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| Creator |
Al Omari, Bilal Khlaf
Ahmed, Mr. Abubakar El-Sidig Ali |
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| Description |
The Omani economy frequently moves in unison with changing oil prices because it is highly dependent on this commodity. Given this relationship, it is reasonable to theorize that the Omani narrow money supply (M1) is also sensitive to oil price fluctuations. This study examines the linkages between oil price changes and the M1 money supply in Oman for the period 1980 to 2016 and analyzes the nature of discovered relationships. An autoregressive distributed lag model is used to test the relationship between Omani oil price fluctuations and the money supply over time from 37 annual observations. This study finds that changes in oil prices and the M1 money supply are strongly correlated in the long run, which has implications for policymakers looking to diversify the Omani economy.
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| Publisher |
International Scientific Invention Journals
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| Date |
2019-10-31
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.ijssei.in/index.php/ijssei/article/view/167
10.23958/ijssei/vol05-i10/167 |
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| Source |
International Journal of Social Science and Economics Invention; Vol 5 No 10 (2019); 156 to 161
2455-6289 |
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| Language |
eng
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| Relation |
http://www.ijssei.in/index.php/ijssei/article/view/167/85
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| Rights |
Copyright (c) 2019 International Journal of Social Science and Economics Invention (IJSSEI)
http://creativecommons.org/licenses/by-nc-sa/4.0 |
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