Oil and Dutch Disease
ECONOMICS FOR BUSINESS
Project Report on –
Oil and the recent
‟Dutch Disease‟
- The Case of the United Arab
Emirates
Submitted by –
Amitava Manna
1|Page
Table of Contents
Introduction .................................................................................................................................................. 2
Purpose ......................................................................................................................................................... 3
UAE Background ........................................................................................................................................... 4
Theoretical Framework ................................................................................................................................. 4
Empirical Findings and Analysis ................................................................................................................ 6
Data ........................................................................................................................................................... 6
Descriptive Statistics ................................................................................................................................. 6
The Regression Model .............................................................................................................................. 8
Conclusions: ............................................................................................................................................ 10
2|Page
Introduction
Four decades ago, the United Arab Emirates (U.A.E) landscape and infrastructure consisted of not much more than deserts where sheikhdoms survived on fishing, pearling, herding and agriculture. Today, Abu Dhabi and Dubai are two of the most developed emirates in the country dominated by roads, luxury homes, and skylines (consisting of modern glass and steel
skyscrapers).
Project Report on –
Oil and the recent
‟Dutch Disease‟
- The Case of the United Arab
Emirates
Submitted by –
Amitava Manna
1|Page
Table of Contents
Introduction .................................................................................................................................................. 2
Purpose ......................................................................................................................................................... 3
UAE Background ........................................................................................................................................... 4
Theoretical Framework ................................................................................................................................. 4
Empirical Findings and Analysis ................................................................................................................ 6
Data ........................................................................................................................................................... 6
Descriptive Statistics ................................................................................................................................. 6
The Regression Model .............................................................................................................................. 8
Conclusions: ............................................................................................................................................ 10
2|Page
Introduction
Four decades ago, the United Arab Emirates (U.A.E) landscape and infrastructure consisted of not much more than deserts where sheikhdoms survived on fishing, pearling, herding and agriculture. Today, Abu Dhabi and Dubai are two of the most developed emirates in the country dominated by roads, luxury homes, and skylines (consisting of modern glass and steel
skyscrapers).