| Description |
1 online resource (423 pages) |
| Series |
Gulf Studies Ser |
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Gulf Studies Ser
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| Contents |
Cover; Half Title; Title; Copyright; Dedication; Contents; List of Tables; List of Figures; List of Abbreviations; Acknowledgments; Introduction; I Public Expenditure and Long-Run Economic Growth:General Insights; 1 Causes of Long-Run Economic Growth; 1.1 Causes of Long-Run Economic Growth in Economic Theory; 1.2 The Convergence Hypothesis; 1.3 Searching for Correlates of Growth in a World of Model Uncertainty; 2 Does Public Expenditure Cause Economic Growth?; 2.1 Public Expenditure in Models of Economic Growth; 2.2 Empirical Evidence Capital and Current Expenditure |
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2.3 Empirical Evidence Education and Health ExpenditureII Exploring the Links Between Public Expenditure andNon-Oil Economic Growth in Bahrain, Oman and Qatar; 3 The Impact of Public Expenditure on Non-Oil GDP andon Labour Productivity: An Econometric Analysis; 3.1 Introduction; 3.2 Current Status of Research; 3.3 Data; 3.4 Econometric Methodology; 3.5 Empirical Results; 3.6 Conclusion; 4 Bahrain: Non-Oil Development Efforts in a Semi-Rich OilRentier Economy; 4.1 Overview; 4.2 Public Expenditure; 4.3 Non-Oil GDP; 4.4 Labour Productivity |
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5 Oman: A Late Non-Oil Economic Blooming Caused by RisingPublic Oil Rents5.1 Overview; 5.2 Public Expenditure; 5.3 Non-Oil GDP; 5.4 Labour Productivity; 6 Qatar: Big Push Non-Oil Investment by Qatar Inc.; 6.1 Overview; 6.2 Public Expenditure; 6.3 Non-Oil GDP; 6.4 Labour Productivity; III The Impact of Public Expenditure on Potential Sourcesof Non-Oil Economic Growth; 7 Public Expenditure and Private Sector Investment; 7.1 Introduction; 7.2 The Economic Roles of the Public and Private Sectors; 7.3 Crowding-In or Crowding-Out -- An Econometric Analysis |
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7.4 The Impact of Investment on Non-Oil Economic Growth Dynamics8 Public Expenditure and Labour Productivity; 8.1 Introduction; 8.2 Labour Productivity Developments in International Perspective; 8.3 Public Expenditure and Human Capital; 8.4 Public Expenditure and Structural Change; Conclusion; References; Appendix A: Data Sources and Definition of Variables; Appendix B: Econometric Results Chapter 3; Appendix C: Robustness Checks Chapter 3; Change Variable Order Orthogonalised Impulse Responses; Robustness Check: Time Series in Current Prices; Robustness Check: Private Sector Non-Oil GDP |
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Appendix D: Econometric Results and RobustnessChecks Chapter 7Econometric Results Chapter 7; Robustness Check: Time Series in Current Prices |
| Summary |
A long-standing economic policy goal of the oil-dependent states of the Gulf Cooperation Council is to increase economic diversification. 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 |
| Bibliography |
Includes bibliographical references |
| Notes |
Print version record |
| Subject |
Economic development -- Persian Gulf States
|
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BUSINESS & ECONOMICS -- Economics -- General.
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Economic development
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Economic history
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Diversification (économie politique) -- Persique, Golfe (région)
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Développement économique -- Persique, Golfe (région)
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| SUBJECT |
Persian Gulf States -- Economic conditions -- 21st century
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| Subject |
Persian Gulf States
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Persique, Golfe (région) -- Politique économique.
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| Form |
Electronic book
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| ISBN |
9783959940535 |
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395994053X |
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