The Impact of Oil Exports on Gross Domestic Product in the Libyan Economy: An Analytical Study Using the Simple Linear Regression Model During the Period 1990–2022

Abstract

This study aims to analyze and measure the impact of exports on the Libyan economy's GDP using annual time series data for the period (1990-2022). It utilizes econometric methods by examining the stationarity of time series, using the Dickey-Fuller Test. This study relies on the descriptive analytical approach in analyzing time series to understand the development of the study variables and review the conditions the country experienced, which significantly impacted the Libyan economy during the study period. This study also utilizes the standard approach represented by the simple linear regression model using Eviews9 and SPSS 20 programs to determine the impact of exports on the Libyan economy's GDP during that period. The results of this study showed that the data at the first level were unstable, while the natural logarithm of the study variables was stable. The results also revealed a significant direct relationship between these two variables. They also showed a statistically significant effect of exports on GDP, with a statistical significance level of (p = 0.000).