The Future of Economic Development in the Gulf Cooperation Council States: Evidence-Based Policy Analysis

ISBN-13: 9781032264332 / Angielski / Twarda / 2022 / 192 str.

Weshah Razzak

Opis

The Gulf Cooperation Council (GCC) countries own 30 percent of the world’s proven oil reserves and largely depend on oil for their income. Yet, the GCC faces serious challenges. This book is a research–based, structural macroeconomic analysis, providing evidence-based and future-facing, policy recommendations for GCC governments.

Spis treści

1. Introduction 2. Some Stylized Facts 3. The Oil Dependency Dilemma 4. The External Debt 5. Is the Level of Government Spending Optimal? 6. Can Taxes Resolve the Economic Problems? 7. Savings, Productivity and Other Structural Issues 8. Final Remarks

O autorze

Weshah Razzak is Honorary Research Fellow at the School of Economics and Finance, Massey University, Palmerston North, New Zealand.