Abstract:

The current study examines the relationship between the world oil price, energy use and economical sectors growth in a developing country (Tunisia) by means of univariate unit root test and cointegration analysis with two predetermined structural breaks. Results of the study indicate that world oil price, negatively impacts industrial growth but not a lot of the two other sectors (agriculture and services). The agricultural sector is slightly affected thanks to government subsidizes and the sector of services is also slightly influenced by a surge in world oil price thanks to development of some sub-sector such us tourism, telecommunication, etc. The results indicate that, all Tunisian economic sectors are lot influenced by energy consumption especially in last ten years. Finally, we conclude that energy use and world oil price have a negative effects on the Tunisian economic growth which contradict the neoclassical assumption that energy is neutral to the growth.