IDEAS home Printed from https://ideas.repec.org/a/rvr/journl/201411033.html
   My bibliography  Save this article

Le régime rentier d’accumulation en Arabie saoudite et son mode de régulation

Author

Listed:
  • Faudot, Adrien

Abstract

Les recettes d’exportation du pétrole contribuent à forger des structures économiques et institutionnelles qui font de l’Arabie saoudite un modèle d’État-rentier. De la prédominance de la rente pétrolière associée à la structure politique et sociale du pays ont découlé des situations économiques singulières rendant nécessaires des réponses en termes de politiques économiques, analysées dans ce travail comme le mode de régulation du régime de croissance tiré par la rente, plutôt que comme des facteurs d’émancipation par rapport à ce régime d’accumulation dépendant du pétrole. La rationalisation du régime rentier saoudien passe notamment par un recours massif à l’immigration ainsi qu’à des fonds souverains. L’économie saoudienne semble cependant engagée dans une dynamique instable : la situation démographique et la présence d’un chômage désormais massif chez les Saoudiens fragilisent le régime en absorbant une part croissante des recettes pétrolières.

Suggested Citation

  • Faudot, Adrien, 2014. "Le régime rentier d’accumulation en Arabie saoudite et son mode de régulation," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 16.
    • Handle: RePEc:rvr:journl:2014:11033
    as

    Download full text from publisher

    File URL: http://regulation.revues.org/11033
    Download Restriction: no
    File URL: http://regulation.revues.org/pdf/11033
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Blancheton, Bertrand & Jégourel, Yves, 2009. "Les fonds souverains : un nouveau mode de régulation du capitalisme financier ?," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 5.
    2. John Hartwick, 1977. "Intergenerational Equity and the Investment of Rents from Exhaustible Resources in a Two Sector Model," Working Paper 281, Economics Department, Queen's University.
    3. Frankel, Jeffrey A., 2010. "The Natural Resource Curse: A Survey," Scholarly Articles 4454156, Harvard Kennedy School of Government.
    4. Steffen Hertog, 2008. "Petromin: The slow death of statist oil development in Saudi Arabia," Business History, Taylor & Francis Journals, vol. 50(5), pages 645-667.
    5. Abdelkader Sid Ahmed, 1987. "Du « Dutch disease » à l'« OPEP disease ». Quelques considérations théoriques autour de l'industrialisation des pays," Revue Tiers Monde, Programme National Persée, vol. 28(112), pages 887-908.
    6. Hartwick, John M, 1977. "Intergenerational Equity and the Investing of Rents from Exhaustible Resources," American Economic Review, American Economic Association, vol. 67(5), pages 972-974, December.
    7. Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
    8. Lopez, Humberto & Molina, Luis & Bussolo, Maurizio, 2007. "Remittances and the real exchange rate," Policy Research Working Paper Series 4213, The World Bank.
    9. Hertog, Steffen, 2008. "Petromin: the slow death of statist oil development in Saudi Arabia," LSE Research Online Documents on Economics 29865, London School of Economics and Political Science, LSE Library.
    10. Corden, W M, 1984. "Booming Sector and Dutch Disease Economics: Survey and Consolidation," Oxford Economic Papers, Oxford University Press, vol. 36(3), pages 359-380, November.
    11. M.A. Ramady & Mourad Mansour, 2006. "The impact of Saudi Arabia's WTO accession on selected economic sectors and domestic economic reforms," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 2(3), pages 189-199.
    12. Abdelkader Sid Ahmed, 1988. "Vers une théorie de l'industrialisation à partir de l'exportation et de la transformation des ressources naturelles: de la « staple theory » à la rente pétrolière," Revue Tiers Monde, Programme National Persée, vol. 29(115), pages 715-812.
    13. Dani Rodrik, 2011. "The future of economic convergence," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 13-52.
    14. Mohamed Ramady, 2013. "Gulf unemployment and government policies: prospects for the Saudi labour quota or Nitaqat system," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 5(4), pages 476-498.
    15. Abdulrahman A Al-Hamidy & Ahmed Banafe, 2013. "Foreign exchange intervention in Saudi Arabia," BIS Papers chapters, in: Bank for International Settlements (ed.), Sovereign risk: a world without risk-free assets?, volume 73, pages 301-306, Bank for International Settlements.
    16. Abdulrahman Al-Hamidy, 2006. "Banking sector issues in Saudi Arabia," BIS Papers chapters, in: Bank for International Settlements (ed.), The banking system in emerging economies: how much progress has been made?, volume 28, pages 327-35, Bank for International Settlements.
    17. Brad Setser, 2007. "The Case for Exchange Rate Flexibility in Oil-Exporting Economies," Policy Briefs PB07-8, Peterson Institute for International Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Faudot, Adrien, 2019. "Saudi Arabia and the rentier regime trap: A critical assessment of the plan Vision 2030," Resources Policy, Elsevier, vol. 62(C), pages 94-101.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michel Beine & Serge Coulombe & Wessel N. Vermeulen, 2015. "Dutch Disease and the Mitigation Effect of Migration: Evidence from Canadian Provinces," Economic Journal, Royal Economic Society, vol. 125(589), pages 1574-1615, December.
    2. van der Ploeg, Frederick, 2019. "Macro policy responses to natural resource windfalls and the crash in commodity prices," Journal of International Money and Finance, Elsevier, vol. 96(C), pages 263-282.
    3. Carpantier, J.-F. & Vermeulen, W.N., 2018. "Emergence of sovereign wealth funds," Journal of Commodity Markets, Elsevier, vol. 11(C), pages 1-21.
    4. Mohn, Klaus, 2016. "Resource revenue management and wealth neutrality in Norway," Energy Policy, Elsevier, vol. 96(C), pages 446-457.
    5. Michaels, Guy, 2010. "Challenges for research on resource-rich economies," LSE Research Online Documents on Economics 55256, London School of Economics and Political Science, LSE Library.
    6. Malova, Aleksandra & van der Ploeg, Frederick, 2017. "Consequences of lower oil prices and stranded assets for Russia's sustainable fiscal stance," Energy Policy, Elsevier, vol. 105(C), pages 27-40.
    7. Mohn, Klaus, 2015. "Resource revenue management and wealth neutrality," UiS Working Papers in Economics and Finance 2015/2, University of Stavanger.
    8. Adrian Boos & Karin Holm‐Müller, 2012. "A theoretical overview of the relationship between the resource curse and genuine savings as an indicator for “weak” sustainability," Natural Resources Forum, Blackwell Publishing, vol. 36(3), pages 145-159, August.
    9. McDonald, Lewis & Üngör, Murat, 2021. "New oil discoveries in Guyana since 2015: Resource curse or resource blessing," Resources Policy, Elsevier, vol. 74(C).
    10. Frederick Ploeg, 2012. "Bottlenecks in ramping up public investment," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 19(4), pages 509-538, August.
    11. Ebeling, Francisco, 2022. "Can fossil fuel endowments steer economic development? Evidence from the linkages approach," Resources Policy, Elsevier, vol. 78(C).
    12. Rick Van der Ploeg, 2016. "Macro Policy Responses To Natural Resource Windfalls," OxCarre Working Papers 178, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    13. Aghababaei, Mohammad Ebrahim, 2019. "General Equilibrium Resource Elasticity in an Open Resource-Abundant Economy," MPRA Paper 97851, University Library of Munich, Germany.
    14. Eszter WIRTH, 2019. "The Coherence between Sovereign Wealth Funds and Fiscal and Monetary Policies: the Norwegian Case (2001-2017)," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 1.
    15. Edouard Mien & Michaël Goujon, 2022. "40 Years of Dutch Disease Literature: Lessons for Developing Countries," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(3), pages 351-383, September.
    16. Badeeb, Ramez Abubakr & Lean, Hooi Hooi & Clark, Jeremy, 2017. "The evolution of the natural resource curse thesis: A critical literature survey," Resources Policy, Elsevier, vol. 51(C), pages 123-134.
    17. Bodart, Vincent & Candelon, Bertrand & Carpantier, Jean-Francois, 2015. "Real exchanges rates, commodity prices and structural factors in developing countries," Journal of International Money and Finance, Elsevier, vol. 51(C), pages 264-284.
    18. Ben-Salha, Ousama & Dachraoui, Hajer & Sebri, Maamar, 2021. "Natural resource rents and economic growth in the top resource-abundant countries: A PMG estimation," Resources Policy, Elsevier, vol. 74(C).
    19. van der Ploeg, Frederick & Venables, Anthony J., 2013. "Absorbing a windfall of foreign exchange: Dutch disease dynamics," Journal of Development Economics, Elsevier, vol. 103(C), pages 229-243.

    More about this item

    Keywords

    Arabie saoudite; rente pétrolière; régime d’accumulation; mode de régulation; Saudi Arabia; oil rent; growth regime; mode of regulation; Arabia Saudita; renta petrolera; régimen de acumulación; modo de regulación;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rvr:journl:2014:11033. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pascal Seppecher (email available below). General contact details of provider: https://theorie-regulation.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.