Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2012
-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … nine major oil economies, six of which are current members of OPEC (Iran, Kuwait, Libya, Nigeria, Saudi Arabia, and … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil …