This paper examines real and financial linkages between Saudi Arabia and other GCC countries. Growth spillovers from Saudi Arabia to Bahrain are found to be sizeable and statistically significant, but those to other GCC countries are not found to be significant. Equity market movements in Saudi...

This paper examines the relationship between greenhouse gas (GHG) emissions, energy consumption and economic growth with panel data of the six gulf cooperation council (GCC) countries - Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Bahrain, and Oman over the period 1996–2017. This study...

The relationship between bank competition, firm access to finance, and economic growth is a much debated topic in the economic literature and in policy circles. This paper uses a panel of 23 manufacturing sectors over 2002-10 to investigate the impact of bank competition on industry growth in...

This paper uses a global general equilibrium simulation model to quantify the effects of lifting economic sanctions on Iran with and without strategic responses. Iran benefits the most, with average per capita welfare gains ranging from close to 3 percent, in the case when Iran's crude oil...

The paper investigates determinants of economic growth in GCC countries using VECM approach. The results report that in a 10-year horizon, FDI accounts 15.87%, 10.29%, 16.58%, 0.89% and 6.88% for Bahrain, Kuwait, Qatar, Saudi Arabia and United Arab Emirates respectively in shocks in their...

The results of the study suggested that corruption and GDP growth are not significantly associated, or, in the case of the GCC countries, might be positive associated, thus contradicting some earlier findings about the relationship between corruption and economic growth (Mauro, 1995; Méon & Sekkat,...

Purpose – The purpose of this paper is to compare the effects of Islamic financial development and conventional financial development on the economic growth for five GCC countries (Bahrain, Kuwait, Qatar Saudi Arabia and UAE).Design/Methodology/Approach – Using generalized least squares, OLS...

This paper examines the relationship between Foreign Direct Investment (FDI) and per capita Gross Domestic Product (GDP) in the Middle East and North Africa (MENA) region for the period 1985-2009. The empirical evidence is based on an endoeneity-robust Generalised Method of Moments. Results show...