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Institutions and Macroeconomic Policies in Resource-Rich Arab Economies

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Release : 2019
Genre : Business & Economics
Kind : eBook
Book Rating : 227/5 ( reviews)

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Book Synopsis Institutions and Macroeconomic Policies in Resource-Rich Arab Economies by : Kamiar Mohaddes

Download or read book Institutions and Macroeconomic Policies in Resource-Rich Arab Economies written by Kamiar Mohaddes. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: For over eighty years the Arab region has been deriving massive wealth from its natural resources. Nevertheless, its economic performance has been at the mercy of ebbs and flows of oil prices and its resources have been slowly depleting. The two critical questions are why and how Arab countries might escape the oil curse. Institutions and Macroeconomic Policies in Resource-Rich Arab Economies focuses on the unique features of the Arab world to explain the disappointing outcomes of macroeconomic policy. It explores the interaction between oil and institutions to draw policy recommendations on how Arab countries can best exploit their oil revenues to avoid the resource curse. Case studies and contributions from experts provide an understanding of macroeconomic institutions (including their underlying rules, procedures and institutional arrangements) in oil-rich Arab economies and of their political economy environment, which has largely been overlooked in previous research. Institutions and Macroeconomic Policies in Resource-Rich Arab Economies offers novel macroeconomic policy propositions for exchange rate regimes, fiscal policy and oil wealth distribution that is more consistent with macroeconomic stability and fiscal sustainability. These policy reforms, if implemented successfully, could go a long way in helping the resource-rich countries of the Arab region and elsewhere to avoid the oil curse.

Reforming Fiscal Institutions in Resource-rich Arab Economies

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Author :
Release : 2018
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Reforming Fiscal Institutions in Resource-rich Arab Economies by : Kamiar Mohaddes

Download or read book Reforming Fiscal Institutions in Resource-rich Arab Economies written by Kamiar Mohaddes. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt:

Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies

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Author :
Release : 2016-07-14
Genre : Business & Economics
Kind : eBook
Book Rating : 273/5 ( reviews)

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Book Synopsis Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies by : Ibrahim Elbadawi

Download or read book Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies written by Ibrahim Elbadawi. This book was released on 2016-07-14. Available in PDF, EPUB and Kindle. Book excerpt: For over eighty years the Arab region has derived massive wealth from its natural resources, yet the region's economies remain little diversified, while the oil market is experiencing major structural shifts with the advent of shale gas. Moreover, the resource itself is eventually exhaustible. Under these conditions economic prosperity cannot be sustainable. The critical question is how can the countries of this region escape the 'oil curse'? In this volume, leading economists argue that the curse is not a predestined outcome but a result of weak institutions and bad governance. A variety of analytical perspectives and examination of various international case studies leads to the conclusion that natural resources can only spur economic development when combined with sound political institutions and effective economic governance. This volume, with its unique focus on the Arab region, will be an important reference for researchers and policymakers alike.

Natural Resources, Volatility, and Inclusive Growth

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Release : 2012-05-01
Genre : Nature
Kind : eBook
Book Rating : 625/5 ( reviews)

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Book Synopsis Natural Resources, Volatility, and Inclusive Growth by : Mr.Rabah Arezki

Download or read book Natural Resources, Volatility, and Inclusive Growth written by Mr.Rabah Arezki. This book was released on 2012-05-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA) over the past forty years. While those countries have maintained high levels of income per capita, they have performed poorly when going beyond the assessment based on standard income level measures. Resource rich countries in MENA have experienced relatively low and non inclusive economic growth as well as high levels of macroeconomic volatility. Important improvements in health and education have taken place but the quality of the provision of public goods and services remains an important source of concerns. Looking forward we argue that the success of economic reforms in MENA rests on the ability of those countries to invest boldly in building inclusive institutions as well as high levels of human capacity in public administrations.

Institutions and Macroeconomic Policies in Resource-Rich Arab Economies

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Author :
Release : 2019-05-22
Genre : Business & Economics
Kind : eBook
Book Rating : 375/5 ( reviews)

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Book Synopsis Institutions and Macroeconomic Policies in Resource-Rich Arab Economies by : Kamiar Mohaddes

Download or read book Institutions and Macroeconomic Policies in Resource-Rich Arab Economies written by Kamiar Mohaddes. This book was released on 2019-05-22. Available in PDF, EPUB and Kindle. Book excerpt: For over eighty years the Arab region has been deriving massive wealth from its natural resources. Nevertheless, its economic performance has been at the mercy of ebbs and flows of oil prices and its resources have been slowly depleting. The two critical questions are why and how Arab countries might escape the oil curse. Institutions and Macroeconomic Policies in Resource-Rich Arab Economies focuses on the unique features of the Arab world to explain the disappointing outcomes of macroeconomic policy. It explores the interaction between oil and institutions to draw policy recommendations on how Arab countries can best exploit their oil revenues to avoid the resource curse. Case studies and contributions from experts provide an understanding of macroeconomic institutions (including their underlying rules, procedures and institutional arrangements) in oil-rich Arab economies and of their political economy environment, which has largely been overlooked in previous research. Institutions and Macroeconomic Policies in Resource-Rich Arab Economies offers novel macroeconomic policy propositions for exchange rate regimes, fiscal policy and oil wealth distribution that is more consistent with macroeconomic stability and fiscal sustainability. These policy reforms, if implemented successfully, could go a long way in helping the resource-rich countries of the Arab region and elsewhere to avoid the oil curse.

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