{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,9,23]],"date-time":"2025-09-23T13:39:37Z","timestamp":1758634777950,"version":"3.41.2"},"reference-count":30,"publisher":"Emerald","issue":"3","license":[{"start":{"date-parts":[[2015,9,7]],"date-time":"2015-09-07T00:00:00Z","timestamp":1441584000000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["IJESM"],"published-print":{"date-parts":[[2015,9,7]]},"abstract":"<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title>\n<jats:p>The oil-growth nexus is studied in a panel of Organization of the Petroleum Exporting Countries (OPECs), for a long time span (1960-2011), controlling for the specific context of oil production. Their membership in the cartel put them under a common guidance, which originates phenomena of cross-section dependence\/contemporaneous correlation in the panel.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title>\n<jats:p>Recent panel data estimators and co-integration analyses are both pursued and discussed, namely, dealing with the heterogeneity of panels and the countries\u2019 specific effects. The Driscoll\u2013Kraay estimator proves to be appropriate in handling the panel properties.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Findings<\/jats:title>\n<jats:p>Full understanding of the oil-growth nexus requires the short- and long-run effects to be broken down. The growth hypothesis was found only in the short run. The results suggest the presence of the resource curse phenomenon and prove that the cartel\u2019s long-run growth goal could not being fully accomplished. Actually, both oil production and prices are not promoting economic growth in OPEC countries.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title>\n<jats:p>The focus is on a group of countries which, besides being oil exporters, have an institutional connection between them, i.e. the OPEC cartel. The paper also contributes by framing the relationship between oil consumption and economic growth within a context of countries that are primary energy producers. Additionally, the paper uses a novel econometric approach and a long time span (52 years) not tested.<\/jats:p>\n<\/jats:sec>","DOI":"10.1108\/ijesm-03-2014-0003","type":"journal-article","created":{"date-parts":[[2015,7,29]],"date-time":"2015-07-29T07:57:50Z","timestamp":1438156670000},"page":"323-335","source":"Crossref","is-referenced-by-count":13,"title":["Does oil consumption promote economic growth in oil producers?"],"prefix":"10.1108","volume":"9","author":[{"given":"Jose","family":"Alberto Fuinhas","sequence":"first","affiliation":[]},{"given":"Antonio","family":"Cardoso Marques","sequence":"additional","affiliation":[]},{"given":"T\u00e2nia No\u00e9lia","family":"Quaresma","sequence":"additional","affiliation":[]}],"member":"140","reference":[{"issue":"10","key":"key2020122103593653800_ref001","doi-asserted-by":"crossref","first-page":"6165","DOI":"10.1016\/j.energy.2011.07.048","article-title":"Oil consumption, CO2 emission and economic growth in MENA 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