The GCC and Arab economic integration: A new paradigm

Middle East Policy

Volumn 14, Issue 1, 2007, Pages 52-68

  Hertog, Steffen ^a,b  

^a PRINCETON UNIVERSITY   (United States)

^b DURHAM UNIVERSITY   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33947242905     PISSN: 10611924     EISSN: 14754967     Source Type: Journal    
DOI: 10.1111/j.1475-4967.2007.00283.x     Document Type: Review

References (6)

1. Cf. Giacomo Luciani, "Saudi Arabian Business: From Private Sector to National Bourgeoisie," in Paul Aarts and Gerd Nonneman, eds., Saudi Arabia in the Balance: Political Economy, Society, Foreign Affairs (London: Hurst, 2005), pp. 144-181.
2. SAMBA Financial Group, The Saudi Economy at Mid-Year 2005, p. 18f.
3. This is true regarding both measures of export diversification according to Standard International Trade Classification (SITC) and to the Herfmdahl-Hirsehman Index applied to traded goods.
4. Oxford Analytica, Intm-Regional Trade to Expand Slowly, April 19, 2006.
5. Denise Eby Konan, Alternative Paths to Prosperity: Economic Integration among Arab Countries (University of Hawaii, 2002).
6. Free trade in the Euromed area -combining EU and Arab countries -is expected to yield static gains of around 2 percent of GDP, whereas the dynamic effects of deep integration including services and FDI are estimated between 4 and 20 percent depending on the depth of integration. For a survey of econometric studies, cf. SIA-EMFTA Consortium, Sustainability Impacts of the Euro-Mediterranean Free Trade Area (University of Manchester et al., 2006).