Understanding and avoiding the oil curse in resource-rich Arab economies / edited by Ibrahim Elbadawi (Dubai Economic Council, Dubai, and Economic Research Forum, Egypt), Hoda Selim (Economic Research Forum, Egypt)
Cover; Half-title ; Title page ; Copyright information ; Table of contents ; List of Figures ; List of Tables ; List of Contributors ; Foreword ; Acknowledgments ; 1 Overview of Context, Issues and Summary ; Abstract ; 1.1 Lessons and Policy Implications ; 1.2 Further Research
2.2.2 MENA Trade Weights 2.2.3 Model Specification ; 2.3 Inward Spillovers ; 2.3.1 Shock to US GDP ; 2.3.2 Shock to Euro Area GDP ; 2.3.3 Shock to Chinese GDP ; 2.4 Outward Spillovers ; 2.5 Concluding Remarks ; References
3 Real Exchange Rates and Export Performance in Oil-dependent Arab Economies Abstract ; 3.1 Introduction ; 3.2 Exports of Oil-dependent Arab Economies ; 3.2.1 Manufacturing and Export Concentration ; 3.2.2 Export Sophistication ; 3.3 An Empirical Model of the Real Exchange Rate
3.3.1 RER Undervaluation in Arab Oil Economies and Comparators 3.4 An Empirical Model of Export Performance ; 3.5 Conclusions ; Appendix A: Definitions and Sources of Variables Used in Regression Analysis ; Appendix B: Country List
Summary
A variety of perspectives from leading economists provides fresh insight into how Arab countries may best exploit their oil revenues
