Oil was discovered in the United Arab Emirates (UAE) just 50 years ago. During that time, UAE has been able to transform itself into a rapidly modernizing country, which is fast becoming a major economic hub and a key player on the international economic landscape. This paper discusses a number...

Die vorliegende Untersuchung von Dr. A. N. Dikich, Glaziologe und Stellvertretender Direktor des "Instituts für Geologie" der Kirgisischen Akademie der Wissenschaften in Bi?kek, wurde im Rahmen der Arbeiten zum Forschungsprojekt: "Wasserverknappung, Wassernutzungskonflikte und Wassermanagement...

We consider a sovereign wealth fund that invests broadly in the international financial markets. The influx to the fund has stopped. We adopt the life cycle model and demonstrate that the optimal spending rate from the fund is significantly less than the fund's expected real rate of return. The...

This paper investigates whether the real oil price has an impact on the real exchange rates of three main oil-exporting countries: Norway, Russia and Saudi Arabia. We create our measure of the real effective exchange rates for Norway and Saudi Arabia (1980-2006) and for Russia (1995-2006),...

In this study, we use Okun's Law to examine whether growth has been jobless in seventeen MENA countries. The methods used are the ARDL approach for the individual country and the panel data analysis for the entire sample. The period considered in this study is from 1980 to 2013. To test for...

Cluster policy has become a method of choice for policymakers in many countries. Promoting strong localized industries is an appealing perspective for practitioners, as it can be seen as a way to anchor economic activity in regions in an era of globalization. If cluster policy is successful, it...

The transition from an oil-based to a knowledge-based economy requires that the Saudi population dramatically increases its level of human capital. This paper argues that noncognitive skills may be a bottleneck in the formation of human capital and proposes a policy to indirectly strengthen...

In den vergangenen 10 Jahren haben die drei verbündeten Regierungen Ägyptens, Saudi-Arabiens und der Vereinigten Arabischen Emirate (VAE) erheblichen Einfluss auf Entwicklungen im Nahen und Mittleren Osten genommen. Gemeinsames Ziel war es, demokratische Transformation zu verhindern, den...