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

<p dir="ltr">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....

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محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Saima Shadab (15445406) (author)
منشور في: 2023
الموضوعات:
الوسوم: إضافة وسم
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author Saima Shadab (15445406)
author_facet Saima Shadab (15445406)
author_role author
dc.creator.none.fl_str_mv Saima Shadab (15445406)
dc.date.none.fl_str_mv 2023-03-22T06:00:00Z
dc.identifier.none.fl_str_mv 10.1007/978-981-19-7796-1_25
dc.relation.none.fl_str_mv https://figshare.com/articles/chapter/The_New_Arab_Gulf_Evaluating_the_Success_of_Economic_Diversification_in_the_UAE/22793882
dc.rights.none.fl_str_mv CC BY 4.0
info:eu-repo/semantics/openAccess
dc.subject.none.fl_str_mv Human society
Development studies
Political science
Sociology
Economic diversification
United Arab Emirates
Economic Growth
Natural Resource Rents
dc.title.none.fl_str_mv The New Arab Gulf: Evaluating the Success of Economic Diversification in the UAE
dc.type.none.fl_str_mv Text
Chapter
info:eu-repo/semantics/publishedVersion
text
description <p dir="ltr">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.</p><h2 dir="ltr">Other Information</h2><p dir="ltr">Published in: Social Change and Transformation in the Gulf Region<br>License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See chapter on publisher's website: <a href="https://dx.doi.org/10.1007/978-981-19-7796-1_25" target="_blank">https://dx.doi.org/10.1007/978-981-19-7796-1_25</a></p>
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identifier_str_mv 10.1007/978-981-19-7796-1_25
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oai_identifier_str oai:figshare.com:article/22793882
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spelling The New Arab Gulf: Evaluating the Success of Economic Diversification in the UAESaima Shadab (15445406)Human societyDevelopment studiesPolitical scienceSociologyEconomic diversificationUnited Arab EmiratesEconomic GrowthNatural Resource Rents<p dir="ltr">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.</p><h2 dir="ltr">Other Information</h2><p dir="ltr">Published in: Social Change and Transformation in the Gulf Region<br>License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See chapter on publisher's website: <a href="https://dx.doi.org/10.1007/978-981-19-7796-1_25" target="_blank">https://dx.doi.org/10.1007/978-981-19-7796-1_25</a></p>2023-03-22T06:00:00ZTextChapterinfo:eu-repo/semantics/publishedVersiontext10.1007/978-981-19-7796-1_25https://figshare.com/articles/chapter/The_New_Arab_Gulf_Evaluating_the_Success_of_Economic_Diversification_in_the_UAE/22793882CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/227938822023-03-22T06:00:00Z
spellingShingle The New Arab Gulf: Evaluating the Success of Economic Diversification in the UAE
Saima Shadab (15445406)
Human society
Development studies
Political science
Sociology
Economic diversification
United Arab Emirates
Economic Growth
Natural Resource Rents
status_str publishedVersion
title The New Arab Gulf: Evaluating the Success of Economic Diversification in the UAE
title_full The New Arab Gulf: Evaluating the Success of Economic Diversification in the UAE
title_fullStr The New Arab Gulf: Evaluating the Success of Economic Diversification in the UAE
title_full_unstemmed The New Arab Gulf: Evaluating the Success of Economic Diversification in the UAE
title_short The New Arab Gulf: Evaluating the Success of Economic Diversification in the UAE
title_sort The New Arab Gulf: Evaluating the Success of Economic Diversification in the UAE
topic Human society
Development studies
Political science
Sociology
Economic diversification
United Arab Emirates
Economic Growth
Natural Resource Rents