Investigating effect of volatilities in crude oil prices on the unemployment rate in major Major oil exporting OPEC members countries with EGARCH approach

چکیده مقاله

Oil revenues play an undeniably significant role for Iran and other OPEC members. Oil sector not only as one of the important economic activities affects other economic variables,   but also revenues from this sector plays an important role to as an important finance source in the economy of such countries. Oil revenues in OPEC member economies, one of the important factors affecting macroeconomic variables. oil prices volatility affects the economy of Petroleum Exporting Countries so that Iran and other OPEC countries that are developing countries and so far have not been able to lower their dependence on oil revenues are more vulnerable to and by changes in oil prices, economic variables change as well as one of the most important impact on employment and unemployment. Studies of the effects and implications of oil price volatility on Iran to discuss various economic sectors it is important to deal with injuries. The social impact of unemployment is one of the main issues is that it is pure economists are aware, this means that unemployment work is by no means confined to the economic sphere and the social sphere and politics to be drawn.  This paper reviews the impact of oil price volatility on the unemployment rate in the OPEC member countries. Research 2000 and 2014 will be the time domain. In this paper, the method for estimating panel data regression model was used. After reliability, the pattern of research using panel data and random effects is that estimated and according to the results it could be concluded that based on the estimated coefficients for the variables of the model, the impact of crude oil price volatility on variable rates are positive and significant OPEC countries.  The effect on the unemployment rate of gross domestic product in OPEC countries is positive and significant at a confidence level of 95% finally, there is a negative and statistically significant effect of wages on unemployment rate, according to the results of the research model estimation.

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