The Oil shocks Effects on macroeconomics variables in some exporter and importer selected Countries

The Oil shocks in 0847and its effects on international economics have created many attention on oil increase prices by economists. The oil shocks in 0881and its asymmetric influences between economic growth and oil shocks economist has focused on this relations. In this study we investigated oil shocks effects on economicgrowth and inflation rate in exporter and importer oil countries. with using panel data method. during 0831-5112we found that oil shocks fluctuation has significant affect on economic growth and inflation rate in both countries.