The relationship between national saving and investment over the long termis examined for six GulfArab oil-exporting developing countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and theUnited Arab Emirates.We show that, provided some large outliers are properly accounted for, longrunequilibrium relationships between saving and investment (both total and fixed) exist in thesecountries. Because these countries have typically large current account surpluses, such relationshipscannot be explained by standard arguments. Our hypothesis is that the response of investment tosaving largely depends on domestic absorptive capacity.
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|Titolo:||The long-run relationship between savings and investment in oil-exporting developing countries: a case study of the Gulf Arab states|
|Data di pubblicazione:||2013|
|Appartiene alla tipologia:||01a Articolo in rivista|