Through the use of a multivariate cointegration and error-correction model, this study investigates the short- and long-run relationship over the past two decades between fiscal expenditure policy and non?oil real GDP growth in member countries of the Gulf Cooperation Council (GCC). Despite the...

Through the use of a multivariate cointegration and error-correction model, this study investigates the short- and long-run relationship over the past two decades between fiscal expenditure policy and non-oil real GDP growth in member countries of the Gulf Cooperation Council (GCC). Despite the...

Globalization the intensification of international trade and finance linkages underpinned by economic liberalization and technological change presents both challenges and opportunities to Arab countries. After reviewing this region`s disappointing performance in integration and growth, this...

Globalization—the intensification of international trade and finance linkages underpinned by economic liberalization and technological change—presents both challenges and opportunities to Arab countries. After reviewing this region’s disappointing performance in integration and growth,...