Economic diversification in the Gulf States : public expenditure and non-oil economic growth in Bahrain, Oman and Qatar / Yesenn El-Radhi.

By: Material type: TextTextSeries: Gulf Studies at Gerlach PressPublisher: Berlin, Germany : Gerlach Press, [2018]Copyright date: ©2018Description: xiii, 401 pages : illustrations ; 25 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9783959940528
  • 3959940521
Other title:
  • Public expenditure and non-oil economic growth in Bahrain, Oman and Qatar
Subject(s): DDC classification:
  • 330.9536
LOC classification:
  • HC415.34 .E43 2018
Incomplete contents:
Introduction -- I. Public Expenditure and Long-Run Economic Growth: General Insights. 1. Causes of Long-Run Economic Growth -- 2. Does Public Expenditure Cause Economic Growth? -- II. Exploring the Links Between Public Expenditure and Non-Oil Economic Growth in Bahrain, Oman and Qatar. 3. The Impact of Public Expenditure on Non-Oil GDP and on Labour Productivity: An Econometric Analysis -- 4. Bahrain: Non-Oil Development Efforts in a Semi-Rich Oil Rentier Economy -- 5. Oman: A Late Non-Oil Economic Blooming Caused by Rising Public Oil Rents -- 6. Qatar: Big Push Non-Oil Investment by Qatar Inc. -- III. The Impact of Public Expenditure on Potential Sources of Non-Oil Economic Growth. 7. Public Expenditure and Private Sector Investment -- 8. Public Expenditure and Labour Productivity -- Conclusion -- Appendix A: Data Sources and Definition of Variables -- Appendix B: Econometric Results Chapter 3 -- Appendix C: Robustness Checks Chapter 3 -- Appendix D: Econometric Results and Robustness.
Summary: Over the last decades, GCC governments fostered the development of non-oil economies through large-scale public investments in the stocks of human and physical capital. This book takes a new look at economic diversification efforts by examining the impact of different public expenditure categories (capital, education, health) on non-oil GDP and labour productivity developments in the three GCC countries Bahrain, Oman and Qatar since the 1970s. Building both on an econometric analysis and detailed country studies, this book analyses not only whether public expenditure has been an important driver of overall non-oil economic growth but also how public expenditure impacted different potential sources of non-oil economic growth such as economy-wide investment or productivity levels. By elaborating the channels through which public expenditure tends to impact non-oil economic growth in Bahrain, Oman and Qatar, this book contributes to the academic and public debate about the effectiveness of ongoing diversification strategies in the GCC countries. -- Publisher description.
Item type: BOOK
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Includes bibliographical references.

Introduction -- I. Public Expenditure and Long-Run Economic Growth: General Insights. 1. Causes of Long-Run Economic Growth -- 2. Does Public Expenditure Cause Economic Growth? -- II. Exploring the Links Between Public Expenditure and Non-Oil Economic Growth in Bahrain, Oman and Qatar. 3. The Impact of Public Expenditure on Non-Oil GDP and on Labour Productivity: An Econometric Analysis -- 4. Bahrain: Non-Oil Development Efforts in a Semi-Rich Oil Rentier Economy -- 5. Oman: A Late Non-Oil Economic Blooming Caused by Rising Public Oil Rents -- 6. Qatar: Big Push Non-Oil Investment by Qatar Inc. -- III. The Impact of Public Expenditure on Potential Sources of Non-Oil Economic Growth. 7. Public Expenditure and Private Sector Investment -- 8. Public Expenditure and Labour Productivity -- Conclusion -- Appendix A: Data Sources and Definition of Variables -- Appendix B: Econometric Results Chapter 3 -- Appendix C: Robustness Checks Chapter 3 -- Appendix D: Econometric Results and Robustness.

Over the last decades, GCC governments fostered the development of non-oil economies through large-scale public investments in the stocks of human and physical capital. This book takes a new look at economic diversification efforts by examining the impact of different public expenditure categories (capital, education, health) on non-oil GDP and labour productivity developments in the three GCC countries Bahrain, Oman and Qatar since the 1970s. Building both on an econometric analysis and detailed country studies, this book analyses not only whether public expenditure has been an important driver of overall non-oil economic growth but also how public expenditure impacted different potential sources of non-oil economic growth such as economy-wide investment or productivity levels. By elaborating the channels through which public expenditure tends to impact non-oil economic growth in Bahrain, Oman and Qatar, this book contributes to the academic and public debate about the effectiveness of ongoing diversification strategies in the GCC countries. -- Publisher description.