Series: Staff Discussion Notes
Author(s): Tim Callen , Reda Cherif , Fuad Hasanov , Amgad Hegazy , and Padamja Khandelwal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 23 December 2014
Keywords: Export diversification, Exports, Bahrain, Cooperation Council for the Arab States of the Gulf, Cross country analysis, Economic growth, Oil revenues, Oman, Private sector, Saudi Arabia
Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil m...