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Savings and Investment Decisions from Natural Resource Revenues: Implications for Arab Development

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  • Paul Collier

    (Department of Economics and Blavatnik School of Government, Oxford University)

Abstract

The Middle East is fortunate to have large endowments of oil and gas. The economies of the Middle East vary considerably, but in this paper I will reduce the complexities of the region’s endowments to two groups: Gulf States which have massive endowments and small populations, and other states which have more moderate endowments and much larger populations: I will refer to the latter as Middle-Income Middle-East States, or MIMES. These differences in endowments and populations have implications for both the decision as to how much of resource revenues should be saved, and how much of the savings should be invested domestically. Principles and rules for saving and investment appropriate to Gulf States and MIMES are discussed in this paper.

Suggested Citation

  • Paul Collier, 2013. "Savings and Investment Decisions from Natural Resource Revenues: Implications for Arab Development," Working Papers 815, Economic Research Forum, revised Dec 2013.
    • Handle: RePEc:erg:wpaper:815
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    References listed on IDEAS

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    1. Omer Ali & Ibrahim Elbadawi, 2012. "The Political Economy of Public Sector Employment in Resource Dependent Countries," Working Papers 673, Economic Research Forum, revised 2012.
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    Cited by:

    1. Hoda Selim & Chahir Zaki, 2014. "The Institutional Curse of Natural Resources in the Arab World," Working Papers 890, Economic Research Forum, revised Dec 2014.

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