Sari, Raveena
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InfluenceThe Effect World Oil Prices, Interest Rates, Exchange Rates, and FDI on Growth of Oil Exporting Countries 2010-2023 Period: English Sari, Raveena; Saputra, Putu Mahardika Adi
Journal of Development Economic and Social Studies Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Economic growth is an important indicator for a country's welfare, it can be influenced by a number of external and internal factors. This study aims to analyze the influence of macroeconomic variables, namely world oil price levels, interest rates, exchange rates, and foreign direct investment on the growth of 20 oil exporting countries. This country was taken because it contributes 80% of the world's oil. The research method used is quantitative research with panel data regression, a sample of 20 countries and a data period of 2010-2023. The results of the study indicate that the increase in world oil prices and FDI have a positive contribution to economic growth, while the exchange rate and covid have a significant negative effect on economic growth. Conversely, interest rates show an insignificant effect