Estimation of Non-oil Export Function of OPEC Countries, Using Panel Data

The aim of this investigation is to check, discover, and compare the relationship between non-oil export and real currency rate, Gross Domestic Product (GDP), domestic price level, foreigners’ income, priory export, and economic growth in OPEC countries since 1975 to 2012. The data of this study includes oil producing countries such as Islamic Republic of Iran, Saudi Arabia, UAE, Kuwait, Qatar, Venezuela, Nigeria, Libya, and Ecuador. The analyses are presented as panel data in Eviews software, and the tableau data are used in estimating the model. Through our results, we found that there is a positive and significant relation between non-oil export and foreigners’ income, and also a negative relation between non-oil export and domestic price, and inverse of real exchange rate.