The aim of this study is to identify robust determinants of economic growth in Organization of Petroleum Exporting Countries (OPEC). To examine the robustness of 101 potential determinants of economic growth in OPEC about 11 million regressions are estimated. The results of extreme bounds analysis with the unbalanced panel data of 21 years shows that variety of trade policy measures are robust and support export‐led growth hypothesis. Proxies of export passed very strict test of Levine and Renelt, while oil export is not robust. The results also support conditional‐convergence hypothesis.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.