The Impact of Oil and Gold Prices on the GDP Growth: Empirical Evidence from a Developing Country

Abstract

The global hike in the prices of gold and oil made an impact in the economy of the countries around the globe. The impact has varied in the developing and developed countries. The research is a preliminary investigation into the subject matter. It has plunged into the relation of these two commodities prices with the GDP of an emerging economy of Pakistan. The findings give a compelling insight into the subject matter. The study used the stock market data with the average Gold and Oil prices from the period of 1997 to 2014. The data analysis results show that gold and oil prices have a significant impact on GDP.