The impact of commodity exports and other variables in the economic growth of the Gulf Cooperation Council countries for the period 1990 - 2018

Abstract

Some of the economic variables including foreign trade have been developed clearly at the end of the twentieth century and two decades of the twenty-first century. They have contributed to the development and economic growth of the various countries of the world, including the GCC countries as a regional organization characterized by self-specificity. It faces many challenges according to the regional and international environment on the one hand and the size of cultural and spatial heritage on the other. The problem of research is the lack of relative diversity in commodity production and the adoption of the GCC countries, including Saudi Arabia on the revenues of oil exports to finance imports, including consumer to meet the need of increasing domestic demand and capital and intermediate imports to stimulate growth and economic development, The research aims to identify the main features of GCC countries, also trends in the foreign trade, and analyze results estimate of the impact of commodity exports and other variables in the economic growth of Saudi Arabia as a model .