Macroeconomic framework for an oil-based economy:the case of Bahrain.
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TextPublication details: Washington : World Bank, 1933.Subject(s): Summary: The economy of Bahrain is characterised by the absence of taxation, excessive product and consumer subsidies, and a misaligned currency. The paper argues that such policies have precipitated low national saving rates than what would be consistent with Bahrain's nonerenewable real exchange rate.
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The economy of Bahrain is characterised by the absence of taxation, excessive product and consumer subsidies, and a misaligned currency. The paper argues that such policies have precipitated low national saving rates than what would be consistent with Bahrain's nonerenewable real exchange rate.
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