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Full Description
Despite their commonalities, the Arab Gulf States have started economic diversification from different settings and against different political backgrounds. This book applies a multi-method approach including Qualitative Comparative Analysis (QCA) to highlight their heterogeneous economic development trajectories and to compare them to other major oil exporters. From a political economy perspective, it demonstrates how neoclassical economic theory fails to grasp the underlying mechanisms of their development. The research design of this study is tailored to small and medium-sized samples with special characteristics. As such, it offers new opportunities for comparative studies not only of this region but also of other specific samples of countries from a wider perspective of heterodox economics.
Contents
Foreword by Giacomo Luciani 1. Introduction: The States of the Gulf Cooperation Council--The Paradox of Wealthy Less-Developed Economies 2. The States of the Gulf Cooperation Council: Historic, Economic, and Political Background 2.1 Commonalities: Islamic "Oil Monarchies" 2.2 The Six GCC States 2.3 The Gulf Cooperation Council 3. The GCC States and Economic Theory 3.1 Growth Theory and the GCC Economies 3.2 Theories of Economic Development and the GCC Economies 3.3 Resource Abundance, Islam, and Arabic Culture 3.4 Summary: Theoretical Approaches 4. Methodology 4.1 Fuzzy Set Qualitative Comparative Analysis 4.2 Case, Time, and Variable Selection 4.3 Operationalization of the Variables 5. Empirical Analysis and Results 5.1 Regressions 5.2 FsQCA-Analysis of the GCC States 5.3 Enlargement of the Sample: The GCC States within a Sample of Oil Exporters 6. Conclusion Appendices Appendix A: Lists of Abbreviations Appendix B: Description of Variables and Conditions List of Tables List of Figures Glossary of Arabic Terms Notes Bibliography
