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Descriptive Analysis of Economic Diversification, Price and Revenue Dynamics in Oil and Energy in the Arab World

Author

Listed:
  • Driouchi, Ahmed
  • El Alouani, Hajar
  • Gamar, Alae

Abstract

The present paper looks at the descriptive side of the economy of oil and energy in the Arab countries. It addresses the contours of these economies in relation to diversification and trading patterns and shows the limited diversification but high concentration of exports towards oil and gas in part of these countries. The paper addresses also the dynamic processes of gas and oil revenues with their time trends. It also attempts linking revenues to international oil prices before tackling the current status of renewable energy. The attained outcomes show clearly how non-oil exporters are exhibiting patterns that are different from the exporting countries of the Gulf. This latter set of economies is benefiting from oil price stability during the past recent years and ensuring thus, a stable revenue formation in comparison with other economies in the region. With regard to renewable energy, non-oil exporting countries are more active in the search of new energy alternatives.

Suggested Citation

  • Driouchi, Ahmed & El Alouani, Hajar & Gamar, Alae, 2014. "Descriptive Analysis of Economic Diversification, Price and Revenue Dynamics in Oil and Energy in the Arab World," MPRA Paper 59389, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:59389
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    File URL: https://mpra.ub.uni-muenchen.de/59389/1/MPRA_paper_59389.pdf
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    References listed on IDEAS

    as
    1. Driouchi, Ahmed & El Alouani, Hajar, 2014. "Models of Green Economy in Arab Countries Using the Environmental Performance Index," MPRA Paper 58861, University Library of Munich, Germany.
    2. Hadi Salehi Esfahani & Kamiar Mohaddes & M. Hashem Pesaran, 2014. "An Empirical Growth Model For Major Oil Exporters," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(1), pages 1-21, January.
    3. Hvidt, Martin, 2013. "Economic diversification in GCC countries: past record and future trends," LSE Research Online Documents on Economics 55252, London School of Economics and Political Science, LSE Library.
    4. Laura El-Katiri, 2014. "The Guardian State and its Economic Development Model," Journal of Development Studies, Taylor & Francis Journals, vol. 50(1), pages 22-34, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Keywords: Oil; Gas and exhaustible sources of energy; trade concentration; other sources of energy;
    All these keywords.

    JEL classification:

    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q37 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Issues in International Trade
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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