According to Al-Tamimi and Hussein (2010), the performance of the economy of UAE has stabilized which has made it be ranked among world leading economies. The Gross Domestic Product (GDP) of UAE has tremendously improved over the last five years which has attracted attention from the investors across the globe. This success has been attributed to the presence of oil fields that the country has been endowed with, which has led to the positive trajectory in economic empowerment. This paper aim at presenting a comprehensive discussion of the factors enhancing the economic stability of UAE with the primary focus on the balance of payments and influence of the fiscal policies on the development between 2010 and 2014.
The Economic Growth Model Analysis
The process of measuring the performance of any country’s economy entails the metric computations of GDP. To determine a specific measure of improvement in the fiscal sector, the revenue accumulated on annual basis is calculated. The contributions of the output are incomes such salaries and wages of the population that are engaged in any form of employment. The computation of the revenues by the government on the GDP help determine the productivity of the nation. Berument, Ceylan, and Dogan (2010) asserts that in determining economic growth, the outputs are distributed on a quarterly basis. However, in determining the GNP of the country using this model the salaries from investments in other countries as well as wages of foreigners working in UAE will be…
GET THIS JOB DONE [ORDER NOW]