Macroeconomic Stability and Economic Diversification in Oil-Dependent Countries

KAPSARC, King Abdullah Petroleum Studies and Research Center
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KAPSARC, King Abdullah Petroleum Studies and Research Center: King Abdullah Petroleum Studies and Research Center

Workshop Briefs from King Abdullah Petroleum Studies and Research Center

Abstract: Oil-dependent economies are vulnerable to macroeconomic fiscal instability stemming from high oil price volatility in the short – run and the exhaustibility of oil in the long – run. The workshop discussed the main challenges confronting oil-dependent economies that could stop them from achieving their long-term economic objectives.

Keywords: Economic Diversification; National Wealth Accounting; Resource Curse; Resource rich countires; Sovereign wealth funds; Stabilization funds (search for similar items in EconPapers)
Pages: 15 pages
Date: 2019-10-16
New Economics Papers: this item is included in nep-ene and nep-mac
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https://www.kapsarc.org/research/publications/macr ... dependent-countries/ First version, 2019 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:prc:wbrief:ks--2019-wb28

DOI: 10.30573/KS--2019-WB28

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