The motivation for this study is to fill existing gaps in the understanding of the economic impacts of oil price volatility on Gulf Cooperation Council (GCC) economies and to assist in the management of recent oil price shocks following the COVID-19 pandemic. To that end, this paper employs an...

The COVID-19 pandemic had been particularly deleterious on economies that export commodities with volatile prices. The effects have been visible even in the relatively wealthy yet hydrocarbon-overdependent Gulf Cooperation Council (GCC) states. Notwithstanding differences among them, GCC states...