The future of economic development in the Gulf Cooperation Council states evidence-based policy analysis / Weshah Razzak.
| Author/creator | Razzak, Weshah |
| Format | Electronic |
| Publication Info | London ; New York : Routledge, Taylor & Francis Group, 2023. |
| Description | 1 online resource |
| Supplemental Content | Full text available from Taylor & Francis eBooks |
| Subjects |
| Series | Routledge studies in the modern world economy |
| Abstract | "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. The global demand for oil is expected to continue declining and the average long-run oil price could become lower than its historical average in the future. This book is a research-based, structural macroeconomic analysis, providing evidence-based and future-facing, policy recommendations for GCC governments. First, it analyzes historical data to explain the macroeconomic performance and economic policies of the GCC countries from 1970 to 2019. Then it presents ten-year dynamic stochastic projections from 2020 to 2030. The book examines debt sustainability and optimal fiscal policies, i.e., government spending and taxation. It also analyses structural issues such as savings and productivity, and from an institutional perspective, taking into account education, the labor market, and pension funds, as well as other factors that have a close effect on economic performance. The book is comprehensive and thorough, it relies on extensive econometric analyses, including rigorous time series analysis. The author uses both calibration of theoretical models and estimation, facilitating projections for the next decade of key economic variables under different policy scenarios. The book also assesses what the future of the GCC economies will look like if climate change and the COVID-19 pandemic continue to, adversely, affect oil supply and demand, and the price of oil, given their current policies and institutions. As well as scholars and researchers of economics and finance, the book will engage policymakers in central banks, treasury departments, planning councils, research institutes and think tanks"-- Provided by publisher. |
| Bibliography note | Includes bibliographical references and index. |
| Access restriction | Available only to authorized users. |
| Technical details | Mode of access: World Wide Web |
| Source of description | Description based on print version record and CIP data provided by publisher. |
| Issued in other form | Print version: Razzak, Weshah. Future of economic development in the Gulf Cooperation Council states London ; New York : Routledge, Taylor & Francis Group, 2023 9781032264332 |
| Genre/form | Electronic books. |
| LCCN | 2022003479 |
| ISBN | 9781000618556 (epub) |
| ISBN | 9781003288282 (ebook) |
| ISBN | (hardback) |
| ISBN | (paperback) |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |