Haouas, Ilham; Soto, Raimundo - Instituto de Economía, Facultad de Ciencia Económicas … - 2012
The UAE is blessed with vast deposits of oil and gas. Contrary to other oil-rich economies, the UAE seems to have escaped from the so-called “oil curse”. We study how the UAE used resource rents to achieve economic development and provide higher welfare for the local population. We identify,...