Development prospects of the capital-surplus oil-exporting countries. [Monograph]

Book · Thu Jan 01 00:00:00 EST 1981

OSTI ID:5283336

Habluetzel, R

The purpose of this paper is to assess the political and economic factors that are likely to determine, in the next five years, the absorptive capacity for investment and consumption in the capital-surplus oil-exporting countries; this permits an evaluation of the prospective size of their oil surplus under specific assumptions of oil export volume and oil prices. Starting with an analysis of the notion that the volume of oil production, beyond a specific point for each country, is of a discretionary nature, the paper proceeds to review the experience of the oil-surplus countries during the last seven years in absorbing oil income and creating a domestic income base for the post-oil era. The results of this experience and its side effects (in the form of inflation and immigrant labor) and their political and economic implications are reviewed in the context of different resource endowments and societal structures with a view to understanding the likely development and expenditures the governments will take. The paper concludes with a prognosis of likely levels of total oil income, domestic absorptions, and oil surpluses for the six countries. 4 references, 26 tables.

• OSTI ID: 5283336
• Resource Relation: Other Information: World Bank Staff Working Paper No. 483
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
MIDDLE EAST
OIL-EXPORTING COUNTRIES
ECONOMIC POLICY
SOCIO-ECONOMIC FACTORS
CAPITAL
ECONOMIC DEVELOPMENT
IRAQ
KUWAIT
LIBYA
POLITICAL ASPECTS
QATAR
SAUDI ARABIA
UNITED ARAB EMIRATES
AFRICA
ASIA
DEVELOPING COUNTRIES
GOVERNMENT POLICIES
INSTITUTIONAL FACTORS
290200* - Energy Planning & Policy- Economics & Sociology
020700 - Petroleum- Economics
Industrial
& Business Aspects