UID:
almafu_9958236101102883
Umfang:
1 online resource (56 p.)
ISBN:
9781498344425
,
1498344429
,
9781498392754
,
149839275X
Serie:
IMF Working Papers
Inhalt:
A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth. Since export diversification takes a long time, it has to start now. We argue that the failure to diversify away from oil stems mainly from market failures rather than government failures. To tackle market failures, the government needs to change the incentive structure for workers and firms. Experiences of oil exporters that managed to diversify suggest that a focus on competing in international markets and an emphasis on technological upgrade and climbing the “quality ladder” are crucial.
Anmerkung:
Description based upon print version of record.
,
Cover; CONTENTS; I. Introduction; II. Seven Propositions; FIGURES; 1. Average Oil Exports (Percent of Total Exports); 2. MENA Breakeven Oil Prices (), 2013; 3. Composition of Real GDP by Sector, 2012 (2005 constant ); 4. Goods Export Composition, 2010; 5. Labor Market Composition, 2012; 6. Social Indicators; 7. GDP per Worker (PPP 2005 Constant ), 1970-2010; 8. GDP per Worker Relative to the US (PPP 2005 Constant ), 1980 vs. 2010; 9. GDP per Worker Relative to the US (PPP 2005 Constant ), 1970-2010; 10. Total Factor Productivity Growth vs. Initial Real GDP per Worker, 1980-2010
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11. Growth Decomposition, 1970-2010 (1970=100)12. Goods Exports Sophistication, 1976-2006; 13. TFP Growth vs. Export Sophistication Growth; 14. Bahrain vs. Singapore: Output Structure, 1990-2011; 15. Bahrain vs. Singapore: Export Structure, 2008; 16. Average TFP Growth vs. Non-oil Real GDP Growth, 1980-2010; 17. Initial Machinery Real Exports per Capita (1970) vs. Oil Revenues (1970-2012); 18. Machinery Real Exports per Capita (1970 vs. 2000) vs. Oil Revenues (1970-2000); 19. Goods Exports Sophistication, 1976-2006: Canada, Denmark, Malaysia, and Norway
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20. Export Sophistication and Oil Revenues through Time21. Real Consumption per Capita and Real Oil Price, 1980-2010; 22. Governance and Institutions Indicators; 23. Education: Years vs. Quality of Schooling; 24. Pre-primary School Statistics, 2000-2011; 25. Research and Development Expenditures (Percent of GDP, Averages); 26. Years of Schooling, Chile vs. Malaysia; III. Concluding Remarks; References; APPENDICES; Appendix I. Main Economic Characteristics of Oil Exporters; Appendix II. Diversification Experience of Oil Exporters
Weitere Ausg.:
ISBN 9781498310642
Weitere Ausg.:
ISBN 1498310648
Weitere Ausg.:
ISBN 9781322224664
Weitere Ausg.:
ISBN 1322224668
Sprache:
Englisch
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