The impact of oil price fluctuations on the growth of the economies of oil-exporting countries
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Abstract
Oil price fluctuations are important factor affecting the global Economic growth. This study has concluded that these fluctuations affect in two different ways oil-exporting countries: first one is considered positive by increasing financial returns, hence resulting on an increasing economic growth across all sectors; while the second is considered negative due to lower financial returns and accompanying decline in economic growth rates.
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References
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