The impact of export diversification on economic growth in OPEC member countries during the period 2007-2021

Authors

  • Ghafouri Habiba Mounet Errahmane University Center of Abd El Hafid Boussouf Mila, Mila, Algeria
  • Toureche Zineb Oum El Bouaghi University, Algeria
  • Boudjadar Ilhem University of Constantine 2 Abdelhamid Mehri, Algeria
  • Tlilani Fatima Zohra Oum El Bouaghi University, Algeria

Keywords:

economic growth, export diversification, panel data models

Abstract

This paper aims to evaluate the influence of export diversification on the economic growth of specific OPEC nations between 2007 and 2021. Utilizing the Panel Data Method with the assistance of Rstudio software, our study designates economic growth as the dependent variable, while export diversification, capital, and labor serve as independent variables. The findings reveal a noteworthy and negative correlation between labor and economic growth, underscoring the efficacy of labor in fostering economic expansion. Moreover, a significant and inverse correlation is evident between export diversification and economic growth, underscoring the constrained efficacy of export diversification as a strategy to stimulate and enhance economic growth rates.

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Published

2025-05-22

How to Cite

Ghafouri, H. M. E., Zineb, T., Ilhem, B., & Zohra, T. F. (2025). The impact of export diversification on economic growth in OPEC member countries during the period 2007-2021. International Journal of Economic Perspectives, 19(5), 2349–2361. Retrieved from https://ijeponline.lingcure.org/index.php/journal/article/view/1056

Issue

Vol. 19 No. 5 (2025)

Section

Peer Review Articles
Copyright & Licensing

Copyright (c) 2025 Ghafouri Habiba Mounet Errahmane, Toureche Zineb, Boudjadar Ilhem, Tlilani Fatima Zohra

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