Political Economy of Macroeconomic Policy in Resource-Rich Arab Economies

This paper aims at understanding how the nature and evolution of political institutions have shaped macroeconomic institutions and monetary and fiscal policies in oil-rich populous (labor abundant) and oil-rich non-populous (labor importing) Arab economies. The study focuses on the political-economic determinants of macroeconomic policy such as sectoral interests, rentier states, governance and the need to attract international capital inflows.