ANALYSIS THE EFFECT OF EXCHANGE RATE SHOCKS, FOREIGN INVESTMENT AND OIL REVENUES ON GDP IN OPEC COUNTRIES USING PANEL VECTOR AUTOREGRESSIVE MODEL

Growth Is One Of The Most Important Goals Among Economic Goals Which Is Influenced By Several Factors Such As The Investment, Earnings From Oil Exports And Changes In Exchange Rates. This Paper Examines The Effects Of Oil Shocks, Exchange Rate And Foreign Direct Investment On GDP In OPEC (Organization of the Petroleum Exporting Countries) Countries During 2000-2012 Deals. The Results Of The Estimated Model Using Vector Auto Regressive Panel (P-Var) Shows That Positive Shocks In Oil Revenues During The Period, The Devaluation Of The National Currency (Exchange Rate Appreciation) And An Increase In Foreign Direct Investment Help To Increase GDP in above mentioned countries.