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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 2. Results for Kuwait and Iran.
| Iran | Kuwait | |||||
| Single root test | Significance | Dickey-Fuller test | Significance | Dickey-Fuller test | ||
| GDP | 1% level | -3.62 | -4.31 | 1% level | -3.62 | -6.31 |
| Variable test | 5% level | -2.96 | 5% level | -2.94 | ||
| 10% level | -2.61 | 10% level | -2.61 | |||
| Inflation | 1% level | -3.66 | -3.84 | 1% level | -3.66 | -4.76 |
| Variable test | 5% level | -2.96 | 5% level | -2.96 | ||
| 10% level | -2.61 | 10% level | -2.61 | |||
| Exchange rate | 1% level | -2.64 | -4.28 | |||
| Variable test | 5% level | -1.95 | ||||
| 10% level | -1.61 | |||||
| Oil price | 1% level | -2.63 | -4.348 | 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 | -2.62 | -1.57 | 1% level | -4.21 | -2.91 |
| Variable test | 5% level | -1.94 | 5% level | -3.53 | ||
| 10% level | -1.61 | 10% level | -3.19 | |||
| Covid deaths | 1% level | -4.42 | -4.36 | 1% level | -8.05 | -5.78 |
| Variable test | 5% level | -4.31 | 5% level | -5.88 | ||
| 10% level | -4.05 | 10% level | -5.32 | |||
| Single root test | 1% level | -2.62 | -6.37 | 1% level | -4.62 | -6.69 |
| 5% level | -1.95 | 5% level | -1.95 | |||
| 10% level | -1.61 | 10% level | -1.61 | |||