The Implications of Oil Price Fluctuations on the Libyan Economy An Analytical Study for the Period 1990-2023
DOI:
https://doi.org/10.54172/4eszkc61Keywords:
Oil prices, Gross Domestic Product (GDP), Government spending, Money supply, Libyan oil sectorAbstract
This study examines the impact of fluctuations in Libyan oil prices during the period 1990-2023 on a set of economic variables, including Gross Domestic Product (GDP), government spending, and money supply. The study aims to contribute to the correction of the country's economic policies. Various statistical and econometric tests were conducted, and the results indicated an integrative relationship between the dependent variable and the independent variables. The findings revealed that all the coefficients used in the study are statistically significant and that changes in oil prices have a significant positive impact on both GDP and money supply. However, the study also found that the impact of oil price fluctuations on government spending was positive but relatively minor.
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Copyright (c) 2025 Abdalmatlub Bufrouwa (Author)
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