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on Arab World |
| By: | Basher, Syed Abul; Fachin, Stefano |
| Abstract: | The relationship between national saving and investment over the long term is examined for six Gulf Arab oil-exporting developing countries -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. We show that, provided some large outliers are properly accounted for, long-run equilibrium relationships between saving and investment (both total and fixed) exist in these countries. Since these countries have typically large current account surpluses such relationships cannot be explained by standard arguments. Our hypothesis is that the response of investment to saving largely depends on domestic absorptive capacity. |
| Keywords: | Saving-investment correlation; oil-exporting developing countries; GCC countries; absorptive capacity; outlier detection; integrated process. |
| JEL: | H54 C32 E22 O16 E21 |
| Date: | 2011–02–17 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:29077&r=ara |
| By: | Gerhard Mangott |
| Abstract: | This report tracks the major geo-economic and geo-strategic ruptures between the EU and Russia on the future patterns of gas supplies and shipping routes to the EU and the Western Balkans. It identifies the objectives and interests of the actors involved in this struggle: Russia, the EU, various EU members, the countries of the Caspian Basin (Kazakhstan, Uzbekistan, Turkmenistan, Azerbaijan) and the Middle East (Iran, Iraq, Qatar, Egypt) as well as the Maghreb countries (Algeria, Libya). It analyses in great detail the colliding interests of all actors at the intersection of business and (geo-) politics. |
| Keywords: | energy security, EU, Russia, gas, Southern Gas Corridor, South Stream, Nabucco |
| JEL: | F14 F59 L71 L78 L95 Q41 |
| Date: | 2010–12 |
| URL: | http://d.repec.org/n?u=RePEc:wii:rpaper:rr:367&r=ara |