| Abstract: | This paper examines the impact of the fluctuations in oil revenue on the import patterns of the GCC countries. The study is a disaggregated analysis of the relationship between imports of various commodity groups, using two-digit SIT classifications and per capita income in each of the six members of the Gulf Cooperation Council (GCC). The research shows that the reduction in oil revenue since late 1982 has completely upset the import-income relationship which was developed during the boom years, 1974–1981. |
