Abstract:This paper analyzes the impact of international oil price influence on the different economic sectors and GDP in middle east region for the period 2007 to 2021. The study also empirically analysis the mediation role for oil price on various economic sectors and on GDP. The empirical analysis involved testing the direct effect for oil prices on sectors by correlation, simple and multiple regression through Ordinary Least Square (OLS) in addition to screen graphically this effect on all sectors including GDP. Th… Show more
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