While oil is a serious cost factor for oil importing countries, it is an important source of income for oil exporting countries. For this purpose, the long-term relationship between the GNP and the crude oil prices, which were taken as the indicators of economic growth, were analyzed using the annual data of 22 OECD countries in 22 exporting petroleum. For this purpose, the long-term relationship between the crude oil barrel export price and the GDP, which is considered as an indicator of economic growth, was analyzed using the annual data in the 22 OECD countries. The presence of long-term relationship was tested by Pedroni (1999), Kao (1999) and Johanser Fisher by cointegration analysis and a statistically significant and positive correlation was found. Then, FMOLS and DOLS management were applied in order to infer the long-term relationship between economic growth and crude oil barrel export price and the coefficient was estimated to be 0.32 and 0.30, respectively, in both methods.
while oil is a massus cost factor for oil importing countries is an important surce of revenue for oil export countries for this purpose the longterm relationship between the gnp and the crude oil prices which were taken as the economic growth was used by the monthly data of 22 oecd countries in 22 exports to this purpose the longterm relationship between the raw oil sector export price and the gdp which is considered as an indicator of economic growth was analytics using the perennial data in the 22 oecd countries where the presence was carried out in the insurance of the insurance of the partnership of the insurance of the cous in 1999 and was reported by the longterm certification of the longterm relationship between 1999 and was in the longterm relations of the longterm relations of the longterm relationship between the longterm relationship between the longterm relations of the cyprus in the cyprus in 1999 and was in the majority of the majority of the insurance policy of the majority of the insurance policy of the insurance policy of the insurance policy of the longterm relations of the longterm relations of the majority of the majority of the majority of the majority of the insurance policy of the majority of the majority of the majority of the majority data in 1999 in 1999 and was determined by the majority of
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