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0253095 |
| 041 |
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|a eng
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| 044 |
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|b الكويت
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| 100 |
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|9 363273
|a Rammadhan, Mohammad Ali
|e Author
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| 245 |
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|a Analysis of the Gcc Balances of Payments Performance
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| 260 |
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|b الجمعية الاقتصادية الكويتية
|c 2005
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| 300 |
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|a 7 - 29
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| 336 |
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|a بحوث ومقالات
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| 520 |
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|b This paper examines the effects of fluctuations in oil prices on the performance of the balances of payments in four GCC members (Kuwait, Oman, Saudi Arabia, and the United Arab Emirates) over the period 1970-2001. The analysis indicates that the proportion of oil exports out of merchandise exports has been declining gradually in all the members except Kuwait. Moreover, the proportion of merchandise exports out of GDP has also declined throughout the period in all members except for the UAE. The ratio of merchandise imports to GDP has averaged between 20 to 30 per cent throughout the period in all members except the UAE. The ratio of trade balance to GDP in the members of the GCC has fluctuated sharply with changes in the world price of oil. The decline in oil exports combined with deficit in the services balance and net current transfers depleted the gains from trade surplus in all members. This resulted in a continuous decline in the current account surplus. This study recommends that all members of the GCC must adopt struc-tural reform programs to stabilize the balance of payments against fluctuations in oil prices.
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| 653 |
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|a دول مجلس التعاون الخليجي
|a ميزان المدفوعات
|a التدفقات النقدية
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| 700 |
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|9 339862
|a Al Musallam, Marwa
|e Co-Author
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| 773 |
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|4 الاقتصاد
|6 Economics
|c 012
|e Kuwait Economic Review
|l 018
|m مج9, ع18
|o 0524
|s مجلة الكويت الاقتصادية
|v 009
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| 856 |
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|u 0524-009-018-012.pdf
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| 930 |
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|d y
|p y
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| 995 |
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|a EcoLink
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|c 661104
|d 661104
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