Oil Revenues and Accelerated Growth: Absorptive Capacity in Iraq

Oil Revenues and Accelerated Growth: Absorptive Capacity in Iraq

Oil Revenues and Accelerated Growth: Absorptive Capacity in Iraq

Oil Revenues and Accelerated Growth: Absorptive Capacity in Iraq

Excerpt

This study is a revised and expanded version of a doctoral dissertation that was submitted to the Department of Economics at George Washington University, Washington, D.C. I am deeply indebted to the director of my research, Professor Ching-Yao Hsieh, and to Professors Mary Alida Holman and Charles Todd Stewart. I benefited from their constructive criticism and wise counsel.

I am very grateful to Dr. Ahmed Al-Samarrie of the U.S. Office of Management and Budget and Dr. Paul M. Meo of the World Bank staff for their thorough review of the manuscript and for the many challenging and stimulating discussions of some of the ideas contained in this study.

I owe a special word of gratitude to Professor Abbas Alnasrawi of the University of Vermont and Dr. Mehdi M. Ali of the World Bank staff for the perceptive comments they so generously offered.

Thanks are due to Professor Salih Nur Neftci of George Washington University for his help with the quantitative sections of this study and to Tamar Katz of the World Bank Staff for her assistance with the computer work involved.

Nabila Salah and Brandy Wilson typed the final manuscript with exceptional efficiency. I am very thankful to both of them.

My wife, Kathleen, skillfully and cheerfully typed several earlier drafts of this study. No words can express my appreciation of her unfailing support, encouragement, and happy sharing in this endeavor.

The responsibility for any errors and shortcomings in the book is solely mine. This study is the result of my own initiative, and it should in no way be construed as reflecting the views of the Iraqi government or the International Monetary Fund.

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