Federal Reserve Bank of Dallas
Globalization Institute Working Papers
Reforming Fiscal Institutions in Resource-Rich Arab Economies: Policy Proposals
This paper traces the evolution of fiscal institutions of Resource-Rich Arab Economies (RRAEs) over time since their pre-oil days, through the discovery of oil to their build-up of oil exports. It then identifies challenges faced by RRAEs and variations in their severity among the different countries over time. Finally, it articulates specific policy reforms, which, if implemented successfully, could help to overcome these challenges. In some cases, however, these policy proposals may give rise to important trade-offs that will have to be evaluated carefully in individual cases.
Cite this item
Kamiar Mohaddes & Jeffrey B. Nugent & Hoda Selim, Reforming Fiscal Institutions in Resource-Rich Arab Economies: Policy Proposals, Federal Reserve Bank of Dallas, Globalization Institute Working Papers 346, 04 Sep 2018.
- E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
- H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
- O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
Keywords: Fiscal policy; fiscal institutions; fiscal sustainability; public spending; efficiency; budget transparency; fiscal rules; volatility; oil curse; Arab World; oil exporters; Middle East; North Africa
This item with handle RePEc:fip:feddgw:346
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