Revealed Comparative Advantage of GCC Economies

Munir Hassan, Anwar Al Shriaan and Ibrahim Mirza

International Journal of Economics and Finance, 2018, vol. 10, issue 10, 61

Abstract: The main objective of the paper is to analyze the performance of Gulf Cooperation Council (GCC) Economies in terms of their Revealed Comparative Advantage for selected products in recent years. Index of Openness (IO) was calculated for certain selected economies. For most of the study period (2005-2013), the IO was higher for UAE than the other economies. The RCA estimated reveal that UAE had more comparative advantage in Manufactures. The main conclusion form the study is that in spite of decline in growth rates in most of the GCC economies due to the fall in oil prices, liquidity problems, instability and impact of China is declining growth, all the countries have exhibited stability in recent years and are on the path of progress with economic, political, and structural reforms. Attempts are being made in all the countries to revitalize the economy by diversification, improvements in infrastructure and less dependence on oil exports.

Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ccsenet.org/journal/index.php/ijef/article/download/0/0/36929/37017 (application/pdf)
http://www.ccsenet.org/journal/index.php/ijef/article/view/0/36929 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:10:y:2018:i:10:p:61

Access Statistics for this article

More articles in International Journal of Economics and Finance from Canadian Center of Science and Education Contact information at EDIRC.
Bibliographic data for series maintained by Canadian Center of Science and Education ().