Oil price and industrial growth in Saudi Arabia: Sectoral and asymmetry analyses
Oil price and industrial growth in Saudi Arabia: Sectoral and asymmetry analyses
This present research probes the role of Oil Price (OP) on the 22 categories of manufacturing industries of Saudi Arabia and the growth of total industries during 1990-2018 in the nonlinear settings. To serve the purpose, we utilize the unit root test and nonlinear cointegration test of Shin et al. (2014) based on modified bound statistics of Kripfganz and Schneider (2019).