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Tourism Specialization and Economic Development+L4183; Evidence from the UNESCO World Heritage List
Piotrowski, John M.; Arezki, Rabah; Cherif, Reda - International Monetary Fund (IMF) - 2009
The present paper investigates whether tourism specialization is a viable strategy for development. We estimate … standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques … for a large cross-section of countries for the period 1980-2002. We introduce an instrument for tourism based on the …
Persistent link: https://www.econbiz.de/10008528655
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Economic Diversification in the GCC: Past, Present, and Future
Callen, Tim; Cherif, Reda; Hasanov, Fuad; Hegazy, Amgad; … - International Monetary Fund (IMF) - 2014
Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and...
Persistent link: https://www.econbiz.de/10011245892
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Soaring of the Gulf Falcons: Diversification in the GCC Oil Exporters in Seven Propositions
Cherif, Reda; Hasanov, Fuad - International Monetary Fund (IMF) - 2014
A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to diversify away from oil stems mainly from market...
Persistent link: https://www.econbiz.de/10011242377