IDEAS home Printed from https://ideas.repec.org/p/imf/imfwpa/2006-038.html
   My bibliography  Save this paper

Providing official Statistics for the Common Market and Monetary Union in the Gulf Cooperation Council (GCC) Countries: A Case for "Gulfstat"

Author

Listed:
  • Abdulrahman K Al-Mansouri
  • Ms. Claudia H Dziobek

Abstract

The six member states of the Gulf Cooperation Council (GCC)-Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE)-have laid out a path to a common market by 2007 and monetary union by 2010, based on economic convergence. To monitor convergence and support economic and monetary policy, comparable economic data for member countries and data for the region as a whole will be essential. What is the most efficient way to produce these data? The authors survey the statistical institutions in the GCC countries and present the case for creating "Gulfstat"-a regional statistical agency to operate within a "Gulf States System of Statistics." Valuable lessons can be learned from regional statistical organization in Africa and the European Union-Afristat and Eurostat.

Suggested Citation

  • Abdulrahman K Al-Mansouri & Ms. Claudia H Dziobek, 2006. "Providing official Statistics for the Common Market and Monetary Union in the Gulf Cooperation Council (GCC) Countries: A Case for "Gulfstat"," IMF Working Papers 2006/038, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:2006/038
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18809
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ms. Claudia H Dziobek & Mr. Mei Jin, 2002. "The Role of Monthly Economic Statistical Bulletins," IMF Policy Discussion Papers 2002/009, International Monetary Fund.
    2. Mr. Sarmad Khawaja & Mr. Thomas K. Morrison, 2002. "Statistical Legislation: Toward a More General Framework," IMF Working Papers 2002/179, International Monetary Fund.
    3. Mr. Markus Rodlauer & Mr. Alfred Schipke, 2005. "Central America: Global Integration and Regional Cooperation," IMF Occasional Papers 2005/005, International Monetary Fund.
    4. Mr. Esteban Jadresic, 2002. "On a Common Currency for the GCC Countries," IMF Policy Discussion Papers 2002/012, International Monetary Fund.
    5. Mr. John Cady, 2004. "Does Sdds Subscription Reduce Borrowing Costs for Emerging Market Economies," IMF Working Papers 2004/058, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mshiyeni Belle, 2010. "Regional economic integration in SADC: progress, prospects and statisitcal issues for monetary union," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Proceedings of the SARB/IFC seminar on "Economic and financial convergence en route to regional economic integration: experience, prospects and statis, volume 32, pages 85-95, Bank for International Settlements.
    2. Al-Maamary, Hilal M.S. & Kazem, Hussein A. & Chaichan, Miqdam T., 2017. "The impact of oil price fluctuations on common renewable energies in GCC countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 989-1007.
    3. Mr. Russell C Krueger & Ettore Kovarich, 2006. "Some Principles for Development of Statistics for a Gulf Cooperation Council Currency Union," IMF Working Papers 2006/141, International Monetary Fund.
    4. Bonpasse, Morrison, 2006. "The Single Global Currency: Common Cents for the World," MPRA Paper 1175, University Library of Munich, Germany.
    5. Bonpasse, Morrison, 2009. "The single global currency - common cents for the world (2008 Edition)," MPRA Paper 14756, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michael Sturm & Nikolaus Siegfried, 2005. "Regional monetary integration in the member states of the Gulf Cooperation Council," Occasional Paper Series 31, European Central Bank.
    2. Ms. Magda E. Kandil & Samya Beidas-Strom, 2005. "Setting the Stage for a National Currency in the West Bank and Gaza: The Choice of Exchange Rate Regime," IMF Working Papers 2005/070, International Monetary Fund.
    3. Carlos Eduardo Castillo-Maldonado & Fidel Pérez-Macal, 2013. "Assessment of models to forecast exchange rates: The quetzal–U.S. dollar exchange rate," Journal of Applied Economics, Universidad del CEMA, vol. 16, pages 71-99, May.
    4. Mr. Andrew J Swiston, 2010. "Spillovers to Central America in Light of the Crisis: What a Difference a Year Makes," IMF Working Papers 2010/035, International Monetary Fund.
    5. Magda Kandil & Mohamed Trabelsi, 2012. "Is the Announced Monetary Union in GCC Countries Feasible? A Multivariate Structural Var Approach," Middle East Development Journal, Taylor & Francis Journals, vol. 4(1), pages 1250001-121, January.
    6. Nin Pratt, Alejandro, 2007. "Keeping track of agricultural TFP growth in Sub-Saharan Africa: Is there light at the end of the tunnel?," Conference papers 331621, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    7. Tugores, Juan, 2008. "Regional integration and public policy. Evaluation of the European experience and possible implications for Latin American integration," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4879, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Takagi, Shinji, 2012. "Establishing Monetary Union in the Gulf Cooperation Council: What Lessons for Regional Cooperation?," ADBI Working Papers 390, Asian Development Bank Institute.
    9. Fratzscher, Marcel & Reynaud, Julien, 2011. "IMF surveillance and financial markets--A political economy analysis," European Journal of Political Economy, Elsevier, vol. 27(3), pages 405-422, September.
    10. Louis, Rosmy & Osman, Mohammad & Balli, FAruk, 2007. "On The Road to Monetary Union – Do Arab Gulf Cooperation Council Economies React in the same way to United States' Monetary Policy Shocks?," MPRA Paper 11610, University Library of Munich, Germany, revised Nov 2008.
    11. Ruch,Franz Ulrich, 2020. "Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies : Lessons from the Past Decade," Policy Research Working Paper Series 9181, The World Bank.
    12. Gustavo Adler & Sebastián Sosa, 2014. "Intraregional Spillovers in South America: Is Brazil Systemic After All?," The World Economy, Wiley Blackwell, vol. 37(3), pages 456-480, March.
    13. Jean-Pierre Allegret & Cécile Couharde & Valérie Mignon & Tovonony Razafindrabe, 2017. "Oil currencies in the face of oil shocks: what can be learned from time-varying specifications?," Applied Economics, Taylor & Francis Journals, vol. 49(18), pages 1774-1793, April.
    14. Hui, Hon Chung, 2013. "Fiscal sustainability in Malaysia: a re-examination," MPRA Paper 80018, University Library of Munich, Germany.
    15. International Monetary Fund, 2007. "Guarding Against Fiscal Risks in Hong Kong SAR," IMF Working Papers 2007/150, International Monetary Fund.
    16. Habib, Maurizio Michael & Stráský, Jan, 2008. "Oil exporters: in search of an external anchor," Working Paper Series 958, European Central Bank.
    17. Lee, Chien-Chiang & Chang, Chun-Ping & Chen, Pei-Fen, 2008. "Money demand function versus monetary integration: Revisiting panel cointegration among GCC countries," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 79(1), pages 85-93.
    18. Luis Jácome & Eric Parrado, 2006. "The Quest for Price Stability in Central America and the Dominican Republic," Working Papers Central Bank of Chile 390, Central Bank of Chile.
    19. M. Kabir Hassan & Ashraf Nakibullah & Abul Hassan, 2013. "Sterilisation and Monetary Control by the GCC Member Countries," The World Economy, Wiley Blackwell, vol. 36(12), pages 1566-1587, December.
    20. repec:ebl:ecbull:v:6:y:2008:i:21:p:1-5 is not listed on IDEAS
    21. Mr. Sebastian Sosa & Mr. Paul Cashin, 2009. "Macroeconomic Fluctuations in the Caribbean: The Role of Climatic and External Shocks," IMF Working Papers 2009/159, International Monetary Fund.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:2006/038. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.