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dc.contributor.authorApergis, Nicholas
dc.contributor.authorEl-Montasser, Ghassen
dc.contributor.authorSekyere, Emmanuel
dc.contributor.authorGupta, Rangan
dc.identifier.citationApergis, N., El-Montasser, G., Sekyere, E., Ajmi, A.N. and Gupta, R., (2014). 'Dutch disease effect of oil rents on agriculture value added in Middle East and North African (MENA) countries'. Energy Economics, 45, pp.485-490.en_US
dc.description.abstractThis paper investigates the effect of oil rents on agriculture value added in oil producing Middle East and North African (MENA) countries. Annual data from 1970 to 2011, panel cointegration tests by Pedroni (1999), long ran panel causality tests by Canning and Pedroni (2008), and two-step System GMM by Blundell and Bond (1998) are used in this study. We find a negative relationship between oil rents and agriculture value added in the long run, with a rather slow rate of short run adjustment of agriculture value added back to equilibrium after a boom in oil rents. These results indicate that an oil sector boom is associated with a contraction in the agriculture sectors of the countries in the panel in the long run. This is probably attributable to a resource movement effect from other economic sectors to the booming oil sector in these countries. This serves as evidence of a Dutch disease effect of an oil sector boom on agriculture in the MENA countries in this study.en_US
dc.subjectDutch diseaseen_US
dc.subjectOil rentsen_US
dc.subjectAgriculture value addeden_US
dc.subjectMiddle East and North African countriesen_US
dc.titleDutch disease effect of oil rents on agriculture value added in Middle East and North African (MENA) countriesen_US
dc.contributor.departmentUniversity of Piraeusen_US
dc.contributor.departmentUniversité de la Manoubaen_US
dc.contributor.departmentHuman Science Research Council-EPen_US
dc.contributor.departmentUniversity of Pretoriaen_US
dc.identifier.journalEnergy Economicsen_US
dc.internal.reviewer-noteAccepted 20 July 2014, Available online 27 August 2014

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