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Abstract Crude oil is one of the most important inputs for production activities, and an increase in its price has a crucial effect on economic growth both in developing and developed countries and Somalia is not an exception. To this end, this undertaking models the asymmetric impact of crude oil price on economic growth in Somalia using the nonlinear Autoregressive Distributed Lag (NARDL) model with annual time series data stretching from 1990 to 2018. The empirical results of the study revealed that oil price asymmetrically affects economic growth in Somalia both in the short and long runs. A positive oil price shock is inconsequential in the long run but impedes economic growth in the short run, while a negative oil price shock has a constructive role in stimulating economic growth in the long run but not in the short run. Nevertheless, the study suggests the implementation of economic diversification towards utilizing other types of energy other than oil and designing policies aimed at increasing energy investments. Downloads Download data is not yet available. Downloads FULL TEXT Published 2022-09-27 How to Cite Warsame, A. A. (2022). Does Oil Price Affect the Economic Growth in Somalia Asymmetrically?. International Journal of Energy Economics and Policy, 12(5), 47–54. https://doi.org/10.32479/ijeep.13210 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 12 No. 5 (2022) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Abdimalik Ali Warsame, The Impact of Urbanization on Energy Demand: An Empirical Evidence from Somalia , International Journal of Energy Economics and Policy: Vol. 12 No. 1 (2022) Make a Submission Make a Submission Dergi Kapağı

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