Aljabri, Salwa; Raghavan, Mala; Vespignani, Joaquin - 2021
This paper studies the impact of oil price shocks on fiscal policy and real GDP in Oman using new unexplored data. We … find that an oil price shock explains around 22% and 46% of the variation in the government revenue and GDP, respectively …. Decomposing the government revenue and GDP further into petroleum and non-petroleum related components, we find that an oil price …