Manara - Qatar Research Repository
Browse

The New Arab Gulf: Evaluating the Success of Economic Diversification in the UAE

Download (320.5 kB)
chapter
submitted on 2023-05-11, 09:31 and posted on 2023-05-14, 11:43 authored by Saima Shadab

To date, the Gulf Cooperation Council (GCC) countries have remained oil-reliant, exposed to the vulnerabilities of the international oil price market. This study seeks to examine the role of economic diversification in the GCC, focusing on the UAE as a successful model. An empirical analysis is conducted to ascertain the short- and long-run relationship between diversification and economic growth in the UAE. Specifically, this study examines the role of export diversification in encouraging the UAE’s Gross Domestic Product (GDP) growth. The findings reveal that economic diversification fosters economic growth in the UAE both in the short and long run. The UAE serves as a successful model of economic diversification for the rest of the GCC countries as they share a congruent economic structure.

Other Information

Published in: Social Change and Transformation in the Gulf Region
License: https://creativecommons.org/licenses/by/4.0
See article on publisher's website: https://dx.doi.org/10.1007/978-981-19-7796-1_25

History

Language

  • English

Publisher

Springer Singapore

Publication Year

  • 2023

License statement

This Item is licensed under the Creative Commons Attribution 4.0 International License

Institution affiliated with

  • Qatar National Library

Geographic coverage

Gulf Cooperation Council (GCC) States

Usage metrics

    Manara - Qatar Research Repository

    Licence

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC