Oil price fluctuations and stagflation in Libya
Keywords:
oil price, stagflation, the Libyan economy, Cointegration, JEL classification: Q31, E24, E31, C22Abstract
The main aim of this study is to investigate the nature of relationship between oil price fluctuations and stagflation in the Libyan economy during the period 1971-2020. In order to achieve its objective, the study utilized HI, PO, EG cointegration tests. In addition, it used TY causality test. The main finding of the study indicated a negative long run impact of oil price on stagflation in Libya.
References
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