Impact of Fluctuations in Oil Revenue on Investment in the GCC Countries
The percentage of GDP devoted to Gross Fixed Capital Formation (GFCF) in 20002 the GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) varied from less than 12 per cent in the case of Kuwait to 25 per cent in the case of the UAE. The Government carries out a large percentage of investment in these countries. Public investment is, to a great extent, autonomous of changes in demand and interest rates and is financed from government oil revenue. On the other hand, private investment depends heavily on growth in private consumption, which is affected, greatly by growth in government expenditure in the GCC countries. This paper examines the behaviour of investment in the GCC countries and attempts to assess the impact of fluctuations in oil revenues on investment. The paper also tries to find out if there is a long-term relationship between investment and other components of aggregate demand (private consumption + public consumption + net exports) in the oil-producing members of the GCC.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 57 (2004)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Phone: +39 010 27041
Fax: +39 010 2704222
Web page: http://www.ge.camcom.it/IT/Tool/ModulisticaEmail:
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ris:ecoint:0136. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angela Procopio)
If references are entirely missing, you can add them using this form.