Energy Productivity as a New Growth Model for GCC Countries
Marzio Galeotti (),
Nicholas Howarth and
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Alessandro Lanza: King Abdullah Petroleum Studies and Research Center
Discussion Papers from King Abdullah Petroleum Studies and Research Center
Following the collapse in oil prices, Gulf Cooperation Council (GCC) countries have intensified efforts to find a new growth model which increases the welfare of their citizens, while reducing exposure to volatile energy markets. This paper argues that placing energy productivity at the heart of such a new growth paradigm offers a compelling path forward to strengthen economic diversification, energy efficiency and innovation efforts.
Keywords: Economic Diversification; Economic Reform; Energy Efficiency; Energy Markets; Energy Productivity; Gulf Cooperation Council (GCC); Oil Price; Policy Development (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks-1645-dp041a
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