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on MENA - Middle East and North Africa |
| By: | Christian Dreger; Teymur Rahmani |
| Abstract: | In line with the neoclassical growth model a persistent stream of oil revenues might have a long lasting impact on GDP per capita in oil exporting countries through higher investment activities. This relationship is explored for Iran and the countries of the Gulf Cooperation Council (GCC) using (panel) cointegration techniques. The existence of cointegration between oil revenues, GDP and investment can be confirmed for all countries. While the cointegration vector is found to be unique for Iran, long run equations for GDP and investment per capita are distinguished for the Gulf countries. Both variables respond to deviations from the steady state, while oil income can be treated as weakly exogenous. The long run oil elasticities for the Gulf states exceed their Iranian counterparts. In addition, investment in Iran does not react to oil revenues in the long run. Hence, oil revenues may have been spent less wisely in Iran over the past decades. |
| Keywords: | Oil exporting countries, oil revenues, panel cointegration |
| JEL: | F43 O53 Q30 C33 |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:diw:diwwpp:dp1369&r=ara |
| By: | Elasrag, Hussein |
| Abstract: | The purpose of this paper is to investigate the possibilities and problems for establishment of the corporate social responsibility (CSR) in Saudi Arabia. The paper explores the nature and concept of CSR, particularly in Saudi Arabia. As well as studying the activation of the corporate social responsibility role in the economic and social development of Saudi Arabia. |
| Keywords: | Social responsibility , private sector,sustainable development , Saudi Arabia |
| JEL: | H7 O1 O23 O44 |
| Date: | 2014–04 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:54977&r=ara |