The impact of oil price shocks on Libyan economic growth

Authors

DOI:

https://doi.org/10.14595/PES/05/013

Abstract

The aim of this paper is to describe the impact of oil price shocks on the main components of the balance of payments. It is important to examine the trends in oil prices during the period under consideration. The authors analyze the impact of such shocks on Libyan economic growth. Based on available data for the years 1970-2008, the paper presents an overview of the Libyan economy with a particular focus on the role of oil.

Downloads

Published

2018-10-09

Issue

No. 5 (2018): Progress in Economic Sciences

Section

Articles

License

Articles in Progress in Economic Sciences in printed and online versions are published on the basis of Open Access principles under CC - Creative Commons Attribution. Authors are free to use texts published in the journal.