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Economic Development and Financing Growth in a Hydrocarbon Economy: Qatar

  • Murat UstaoğluEmail author
  • Selman Yılmaz
  • Ferda Yerdelen Tatoğlu
Chapter

Abstract

The appearance of the cities in the Gulf has been for a while marked by luxury cars, glorious shopping malls and magnificent buildings. However, these cities are no longer as vibrant as they used to be because of the sharp decline in the prices of the hydrocarbon products. The slowdown in growth has led to some structural issues in the Gulf nations. The governments in these countries have for the first time introduced the idea of taxes. The administrators, now aware of the structural problems, made efforts to ensure that the economy would not depend on hydrocarbon products alone. This part of the study is focused on the impact of financial sector loans in Qatar upon growth rate.

Keywords

Gas and Oil sector  Economic growth Islamic finance Conventional finance 

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Murat Ustaoğlu
    • 1
    Email author
  • Selman Yılmaz
    • 1
  • Ferda Yerdelen Tatoğlu
    • 1
  1. 1.Istanbul UniversityIstanbulTurkey

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