What is it about?
It assesses the effectiveness of the United Arab Emirates Vision 2021 and suggests fiscal rules as a complementary policy.
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Why is it important?
The paper is unique in a sense it adds new perspective to economic reform. The adopted methodology can be used in different countries, particularly resource rich countries aiming to reform their economies. The research demonstrates that the adoption of fiscal rules can be instrumental to the effectiveness of any economic reform. Policy makers will find it very useful and insightful
Perspectives
The paper triggers a different way of thinking about macroeconomic reform, specifically economic reforms initiated by resource rich countries such as countries of the Gulf Cooperation Council.
Dr. Kassim M. Dakhlallah
Read the Original
This page is a summary of: Economic Reform, Fiscal Rules, and the Nonlinear Autoregressive Distributed Lag Bounds Test Model. Evidence from the United Arab Emirates, Review of Middle East Economics and Finance, August 2022, De Gruyter, DOI: 10.1515/rmeef-2021-0023.
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