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2. The Determinants of Long-Term Growth in the GCC Countries

2. The Determinants of Long-Term Growth in the GCC Countries »

Source: The Macroeconomics of the Arab States of the Gulf

Series: Books

Author(s): Raphael Espinoza , Ghada Fayad , and Ananthakrishnan Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2013

ISBN: 9780199683796

Keywords: oil, monetary policy, fiscal policy, expenditure, oil prices

2.1 Introduction The member countries of the GCC have changed considerably over the last thirty years. The fast development of the region has spurred the creation of new cities, the...