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Oman Beyond the Oil Horizon: Policies Toward Sustainable Growth

Author

Listed:
  • Mr. Volker Treichel
  • Ahsan S. Mansur

Abstract

With the steady increase of crude oil production and the surge in oil prices in the mid- and late 1970s, Oman embarked upon an economic development path that transformed it into a prosperous country. Today Oman boasts impressive physical infrastructure, much improved socioeconomic conditions, and a high standard of living. The purpose of this background study is to contribute to a better understanding of developments in the Omani economy since 1980 and of the policy challenges the government faces in the medium term. The study focuses on some central aspects of Oman's economic experience, including the potential structural impediments to growth.

Suggested Citation

  • Mr. Volker Treichel & Ahsan S. Mansur, 1999. "Oman Beyond the Oil Horizon: Policies Toward Sustainable Growth," IMF Occasional Papers 1999/012, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1999/012
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    Citations

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    Cited by:

    1. Zafar, Ali, 2004. "What happens when a country does not adjust to terms of trade shocks? the case of oil-rich Gabon," Policy Research Working Paper Series 3403, The World Bank.
    2. World Bank, 2003. "Azerbaijan : Public Expenditure Review," World Bank Publications - Reports 13825, The World Bank Group.
    3. Robert E. Looney, 2009. "The Omani and Bahraini Paths to Development: Rare and Contrasting Oil-based Economic Success Stories," WIDER Working Paper Series RP2009-38, World Institute for Development Economic Research (UNU-WIDER).
    4. Hertog, Steffen, 2013. "The private sector and reform in the Gulf Cooperation Council," LSE Research Online Documents on Economics 54398, London School of Economics and Political Science, LSE Library.
    5. Mr. Qing Wang & Mr. Ugo Fasano-Filho, 2001. "Fiscal Expenditure Policy and Non-Oil Economic Growth: Evidence from GCC Countries," IMF Working Papers 2001/195, International Monetary Fund.

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