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Oil shocks and the Economic Growth: A Study for Oil-importing and Exporting Countries in the Time of Covid-19
Universal Journal of Business and Management
| Vol 1, Issue 1
Table 1. Results for Algeria and K. ofSaudi Arabi.
| Saudi Arabia | Algeria | |||||
| Single root test | Significance | Dickey-Fuller test | Significance | Dickey-Fuller test | ||
| GDP | 1% level | -3.61 | -3.38 | 1% level | -3.63 | -3.89 |
| Variable test | 5% level | -2.94 | 5% level | -2.94 | ||
| 10% level | -2.61 | 10% level | -2.61 | |||
| Inflation | 1% level | -4.27 | -7.19 | 1% level | -2.64 | -5.13 |
| Variable test | 5% level | -3.55 | 5% level | -1.95 | ||
| 10% level | -3.21 | 10% level | -1.61 | |||
| Exchange rate | 1% level | -2.65 | -2.71 | 1% level | -2.65 | -1.68 |
| Variable test | 5% level | -1.95 | 5% level | -1.95 | ||
| 10% level | -1.61 | 10% level | -1.60 | |||
| Oil price | 1% level | -2.63 | -4.34 | 1% level | -2.63 | -4.34 |
| Variable test | 5% level | -1.95 | 5% level | -1.95 | ||
| 10% level | -1.61 | 10% level | -1.61 | |||
| wages | 1% level | -4.21 | -3.76 | 1% level | -3.61 | -2.61 |
| Variable test | 5% level | -3.53 | 5% level | -2.94 | ||
| 10% level | -3.19 | 10% level | -2.60 | |||
| Covid deaths | 1% level | -7.12 | -6.72 | 1% level | -5.12 | -5.33 |
| Variable test | 5% level | -6.66 | 5% level | -4.66 | ||
| 10% level | -6.57 | 10% level | -4.57 | |||