Comparing The Employment Output Elasticities Of Expatriates And Nationals In The Gulf Cooperation Council
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Comparing The Employment Output Elasticities Of Expatriates And Nationals In The Gulf Cooperation Council
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Author : Mr.Alberto Behar
language : en
Publisher: International Monetary Fund
Release Date : 2015-08-18
Comparing The Employment Output Elasticities Of Expatriates And Nationals In The Gulf Cooperation Council written by Mr.Alberto Behar and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-18 with Business & Economics categories.
We estimate the elasticity of private-sector employment to non-oil GDP in the Gulf Cooperation Council (GCC) for GCC nationals and expatriates using a Seemingly Unrelated Error Correction (SUREC) model. Our results indicate that the employment response is lower for nationals, who have an estimated short-run elasticity of only 0.15 and a long-run response of 0.7 or less. The elasticity is almost unity for expatriates in the long run and 0.35 in the short run. We interpret low elasticities as indirect evidence of labor market adjustment costs, which could include hiring and firing rigidities, skills mismatches, and reluctance to accept private sector jobs. Forecasts suggest that, absent measures to reduce adjustment costs, the private sector will only be able to absorb a small portion of nationals entering the labor force.
Comparing The Employment Output Elasticities Of Expatriates And Nationals In The Gulf Cooperation Council
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Author : Alberto Behar
language : en
Publisher:
Release Date : 2015
Comparing The Employment Output Elasticities Of Expatriates And Nationals In The Gulf Cooperation Council written by Alberto Behar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Gulf Cooperation Council Gcc Labor Market Reforms To Boost Employment And Productivity In The Gcc
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2013-11-13
Gulf Cooperation Council Gcc Labor Market Reforms To Boost Employment And Productivity In The Gcc written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-13 with Business & Economics categories.
The GCC growth model has delivered substantial improvements in living standards over several decades. Access to foreign labor has supported rapid growth in the non-oil sector and price stability in the region. It has also resulted in positive spillovers to the migrant-sending countries through large remittance flows. At the same time, governments have increased public-sector employment and have helped raise standards of living. However, the growth model has involved costs: the public-sector wage bill is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or stagnated, and there is limited progress on economic diversification
Kuwait
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2015-12-02
Kuwait written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-02 with Business & Economics categories.
This 2015 Article IV Consultation highlights that decline in oil prices has adversely affected Kuwait’s fiscal and current account balances and slowed growth in 2014–15. Real non-oil GDP growth is projected to slow in 2015 and 2016, and pick up to 4 percent in the medium term, supported by government investment in infrastructure and private investment. The fiscal and external positions are projected to deteriorate further in 2015 and 2016, and improve somewhat over the medium term as oil prices and production recover partially.
Covid 19 And Risk Society Across The Mena Region
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Author :
language : en
Publisher: Bloomsbury Publishing
Release Date : 2022-01-27
Covid 19 And Risk Society Across The Mena Region written by and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-27 with Political Science categories.
The impact of the COVID-19 pandemic – at the interlocking levels of politics, economy, and society – have been different across regions, states, and societies. In the case of the Middle East and North Africa, which was already in the throes of intense tumult following the onset of the 2011 Arab Spring, COVID's blows have on the one hand followed the trajectory of some global patterns, while at the same time playing out in regionally specific ways. Based on empirical country-level analysis, this volume brings together an international team of contributors seeking to untangle how COVID-19 unfolds across the MENA. The analyses are framed through a contextual adaptation of Ulrich Beck's famous concept of “risk society” that pinpointed the negative consequences of modernity and its unbridled capitalism. The book traces how this has come home in full force in the COVID-19 pandemic. The editors, Larbi Sadiki and Layla Saleh, use the term "Arab risk society". They highlight short-term and long-term repercussions across the MENA. These include socio-economic inequality, a revitalized state of authoritarianism challenged by relentless democratic struggles. But the analyses are attuned to problem-solving research. The "ethnographies of the pandemic" included in this book investigate transformations and coping mechanisms within each country case study. They provide an ethically-informed research praxis that can respond to the manifold crises crashing down upon MENA polities and societies
Sustainable Prosperity In The Arab Gulf
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Author : Jarmo T. Kotilaine
language : en
Publisher: Taylor & Francis
Release Date : 2023-08-16
Sustainable Prosperity In The Arab Gulf written by Jarmo T. Kotilaine and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-16 with Business & Economics categories.
Tracing the development journey of the Arabian Gulf region with a forward-looking perspective, this book describes how a combination of good fortune, creative experimentation, and determination has enabled the region to achieve prosperity. Today, the Arabian Gulf is well positioned to assume a pivotal role in the new global order. Forced to balance an extreme climate and acute resource constraints, but also an exceptional location, the region’s progress and prosperity have historically been precarious and vulnerable to external shocks. Efforts to transcend resource dependency have typically involved proactive attempts to enable other economic activities. This book argues that, while conventional economic diversification is making headway, the Gulf region is in fact amidst a far more holistic transformation that positions it for a pivotal role in the emerging multipolar global order. It now offers globally competitive regulations and world-class infrastructure at the heart of the Old World, flanked by two fast-growing continents. It has become the hub of choice for a growing share of inter-continental flows of people, trade, and capital, and has established strong economic ties in all directions. This book shows how, despite many risks and challenges, the region possesses the forward-looking vision and necessary resilience that can finally liberate it from its long-standing "resource curse" and a development paradigm that looks likely to provide the foundation for sustained well-being in the decades ahead. The scope and rigor of the book make it suitable as a reference on the Arabian Gulf and for those interested in global affairs and economic development, as well as policymakers and the business community.
Saudi Arabia
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2016-10-13
Saudi Arabia written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-13 with Business & Economics categories.
Saudi Arabia: Selected Issues
Imf Research Bulletin December 2015
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Author : Mr.Rabah Arezki
language : en
Publisher: International Monetary Fund
Release Date : 2016-01-26
Imf Research Bulletin December 2015 written by Mr.Rabah Arezki and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-26 with Business & Economics categories.
The December issue of the Research Bulletin looks at “Seven Questions about Climate Change” (Rabah Arezki and Akito Matsumoto). The Research Summaries review “Winning the Oil Lottery: The Impact of Natural Resource Extraction on Growth” (Tiago Cavalcanti, Daniel Da Mata, and Frederik Toscani) and “Malaysia: Achieving High-Income Status through Resilience and Inclusive Growth” (Alex Mourmouras and Naimh Sheridan). The issue also includes regular updates on new IMF Working Papers, Staff Discussion Notes, IMF books, and the IMF Economic Review.
The Road Not Traveled
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Author : Ahmed Galal
language : en
Publisher: Mena Development Report
Release Date : 2008
The Road Not Traveled written by Ahmed Galal and has been published by Mena Development Report this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
"Education is a powerful force that can speed up economic growth, improve income distribution, facilitate social mobility, and reduce poverty. It can also improve the quality of life for citizens by contributing to longer life expectancy, lower fertility and infant mortality rates, and a more cohesive national identity. However, none of these positive outcomes are automatic. All too often, investment in education generates low returns to the individuals involved and society at large. Thus, while investment in education is a necessary condition for faster development and prosperity, it is by no means sufficient. This MENA flagship report explores whether past investments in education in the region have generated their maximum economic returns, and, if not, why they have failed to do so. Ultimately, the answers to these questions are being sought to help policymakers chart more fruitful strategies in the future." -- Overview (p. 1).
Global Economic Prospects June 2021
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2021-07-27
Global Economic Prospects June 2021 written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-27 with Business & Economics categories.
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth.This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.