From oil reliance to diversified growth: The role of mega events and large-scale projects in two resource-rich economies
<p>This study investigates the impact of mega events and large-scale projects on economic diversification and sustainability in two Gulf Cooperation Council countries, namely Qatar and Saudi Arabia from 1996 to 2022. While these countries have emphasized the role of economic diversification as...
محفوظ في:
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| مؤلفون آخرون: | , , |
| منشور في: |
2026
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| _version_ | 1864513524435255296 |
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| author | Mouyad Alsamara (17823668) |
| author2 | Karim Barkat (17823665) Zouhair Mrabet (17863070) Karim Mimouni (17823671) |
| author2_role | author author author |
| author_facet | Mouyad Alsamara (17823668) Karim Barkat (17823665) Zouhair Mrabet (17863070) Karim Mimouni (17823671) |
| author_role | author |
| dc.creator.none.fl_str_mv | Mouyad Alsamara (17823668) Karim Barkat (17823665) Zouhair Mrabet (17863070) Karim Mimouni (17823671) |
| dc.date.none.fl_str_mv | 2026-01-21T06:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.eap.2025.09.021 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/From_oil_reliance_to_diversified_growth_The_role_of_mega_events_and_large-scale_projects_in_two_resource-rich_economies/31168381 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Economics Applied economics Econometrics Mega events Large-scale projects Diversification Economic growth Sustainability Government expenditure Causality |
| dc.title.none.fl_str_mv | From oil reliance to diversified growth: The role of mega events and large-scale projects in two resource-rich economies |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>This study investigates the impact of mega events and large-scale projects on economic diversification and sustainability in two Gulf Cooperation Council countries, namely Qatar and Saudi Arabia from 1996 to 2022. While these countries have emphasized the role of economic diversification as a crucial aspect to mitigate their dependence on hydrocarbons, the extent of their success in achieving this goal remains relatively unknown. This study employs advanced econometric methods, including an Autoregressive Distributed Lag model with structural breaks and a time-varying Granger causality analysis, to explore the impact of mega events on economic growth and diversification. We find that government expenditure positively affects GDP growth, especially after the announcement of mega events. Interestingly, this positive effect is more pronounced in the non-oil sector compared to the oil sector. Thus, our results demonstrate how these events affect a country’s diversification and sustainability efforts, ultimately reducing the reliance on oil and gas revenues. We also find that labor and capital accumulation play a more substantial role in fostering economic growth in the non-oil sector compared to the oil sector. Our results are of paramount importance to policymakers and stakeholders with several policy implications.</p><h2>Other Information</h2> <p> Published in: Economic Analysis and Policy<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.eap.2025.09.021" target="_blank">https://dx.doi.org/10.1016/j.eap.2025.09.021</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_bdcc34ade25c8a1eb87b78c2d8bc7c0f |
| identifier_str_mv | 10.1016/j.eap.2025.09.021 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/31168381 |
| publishDate | 2026 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | From oil reliance to diversified growth: The role of mega events and large-scale projects in two resource-rich economiesMouyad Alsamara (17823668)Karim Barkat (17823665)Zouhair Mrabet (17863070)Karim Mimouni (17823671)EconomicsApplied economicsEconometricsMega eventsLarge-scale projectsDiversificationEconomic growthSustainabilityGovernment expenditureCausality<p>This study investigates the impact of mega events and large-scale projects on economic diversification and sustainability in two Gulf Cooperation Council countries, namely Qatar and Saudi Arabia from 1996 to 2022. While these countries have emphasized the role of economic diversification as a crucial aspect to mitigate their dependence on hydrocarbons, the extent of their success in achieving this goal remains relatively unknown. This study employs advanced econometric methods, including an Autoregressive Distributed Lag model with structural breaks and a time-varying Granger causality analysis, to explore the impact of mega events on economic growth and diversification. We find that government expenditure positively affects GDP growth, especially after the announcement of mega events. Interestingly, this positive effect is more pronounced in the non-oil sector compared to the oil sector. Thus, our results demonstrate how these events affect a country’s diversification and sustainability efforts, ultimately reducing the reliance on oil and gas revenues. We also find that labor and capital accumulation play a more substantial role in fostering economic growth in the non-oil sector compared to the oil sector. Our results are of paramount importance to policymakers and stakeholders with several policy implications.</p><h2>Other Information</h2> <p> Published in: Economic Analysis and Policy<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.eap.2025.09.021" target="_blank">https://dx.doi.org/10.1016/j.eap.2025.09.021</a></p>2026-01-21T06:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.eap.2025.09.021https://figshare.com/articles/journal_contribution/From_oil_reliance_to_diversified_growth_The_role_of_mega_events_and_large-scale_projects_in_two_resource-rich_economies/31168381CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/311683812026-01-21T06:00:00Z |
| spellingShingle | From oil reliance to diversified growth: The role of mega events and large-scale projects in two resource-rich economies Mouyad Alsamara (17823668) Economics Applied economics Econometrics Mega events Large-scale projects Diversification Economic growth Sustainability Government expenditure Causality |
| status_str | publishedVersion |
| title | From oil reliance to diversified growth: The role of mega events and large-scale projects in two resource-rich economies |
| title_full | From oil reliance to diversified growth: The role of mega events and large-scale projects in two resource-rich economies |
| title_fullStr | From oil reliance to diversified growth: The role of mega events and large-scale projects in two resource-rich economies |
| title_full_unstemmed | From oil reliance to diversified growth: The role of mega events and large-scale projects in two resource-rich economies |
| title_short | From oil reliance to diversified growth: The role of mega events and large-scale projects in two resource-rich economies |
| title_sort | From oil reliance to diversified growth: The role of mega events and large-scale projects in two resource-rich economies |
| topic | Economics Applied economics Econometrics Mega events Large-scale projects Diversification Economic growth Sustainability Government expenditure Causality |