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Full-Text Articles in Behavioral Economics
Oil Price Fluctuations Impact On The Lebanese Economic Well Being, Hanadi Taher
Oil Price Fluctuations Impact On The Lebanese Economic Well Being, Hanadi Taher
BAU Journal - Health and Wellbeing
This paper investigates the impact of oil price fluctuation on the Lebanese economic well being during the period from 1988 to 2018 using multivariable ordinary least square method with annual time series. taking the Lebanese GDP per capita as proxy for the economic wellbeing as dependent variable and the crud oil average annual prices as proxy for oil price fluctuations with Labor and gross fixed capital formation as two control variables. The test results show a significant and positive impact for the oil price fluctuations on the Lebanese economic well being and the significant results for control variables. In testing …