@article{article_938982, title={DID SOMETHING CHANGE IN CHAD AFTER THE OIL ERA? EVIDENCE FROM A ROLLING-WINDOWS ANALYSIS}, journal={Uluslararası Ticaret ve Ekonomi Araştırmaları Dergisi}, volume={5}, pages={1–9}, year={2021}, DOI={10.30711/utead.938982}, author={Kayhan, Selim and Mahamat Yacoub, Abdallatif}, keywords={Chad Economy, Oil Prices, Rolling Windows Analysis}, abstract={The volatility of oil prices has increased visibly in the last decade. Undoubtedly, the occurrence of volatility affects the economics of oil exporting and importing differently. Increases in oil prices positively affect economic indicators in oil exporting economies, while decreases have negative effects. In this regard, increases in volatility have attracted researchers’ attention, and a vast literature is found investigating both the economics of oil importing and exporting countries as well as advanced and emerging market economies. The Republic of Chad’s economy differs from other economies because of its two different economic eras; the first was an oil import economy, which is energy dependent. The second is its oil era; this started in 2003 when oil reserves were discovered in the country. Due to Chad’s unique situation, we have examined the interactions between oil prices and Chad’s economic growth performance from 1963 to 2019 to see if its oil revenues have benefitted the economy or whether Chad’s situation falls under the “resource curse.” The results show that, while oil prices had been negative before the discovery of oil reserves, positive oil prices occurred after 2003. These prices did become negative again in 2018, which might be a sign of the resource curse.}, number={1}, publisher={Mehmet ŞENTÜRK}