Oman’s economic diversification cum trade structure

In line with Oman‘s National Programme for Enhancing Economic Diversification "Tanfeedh" which has received the Royal approval and has been endorsed by the Royal Decree 1/2016, this paper attempts to analyze the potential success of economic diversification of Oman by adopting measurements...

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Main Authors:	Hamid, Zarinah, Mohd Amin, Ruzita
Format:	Article
Language:	English
Published:	Ministry of Higher Education, Sultanate of Oman 2017
Subjects:	HA154 Statistical data HA29 Theory and method of social science statistics HC94 By region or country HF1014 Balance of trade
Online Access:	http://irep.iium.edu.my/62126/ http://irep.iium.edu.my/62126/ http://irep.iium.edu.my/62126/1/Oman%20Trade%20Structure-Omani%20Journal.pdf

id	iium-62126
recordtype	eprints
spelling	iium-621262018-02-20T03:50:33Z http://irep.iium.edu.my/62126/ Oman’s economic diversification cum trade structure Hamid, Zarinah Mohd Amin, Ruzita HA154 Statistical data HA29 Theory and method of social science statistics HC94 By region or country HF1014 Balance of trade In line with Oman‘s National Programme for Enhancing Economic Diversification "Tanfeedh" which has received the Royal approval and has been endorsed by the Royal Decree 1/2016, this paper attempts to analyze the potential success of economic diversification of Oman by adopting measurements of trade concentration profile as used in Pitigala (2005). Tanfeedh's mandate is to implement the ninth five-year plan (2016-2020), which calls for oil's contribution to GDP to decrease to 26 per cent. The government has chosen five sectors with which it sees its best potential, namely: manufacturing, transport and logistics, tourism, fisheries and mining. This paper investigates whether or not Oman possesses the necessary trade structure by analyzing her dynamic exports between the years 1990 to 2015. In addition, the HerfindahlHirschman concentration index is also being employed to measure trade concentration for selected years for Oman and other GCC countries as a comparison. The advantage of using these measurements at the disaggregated level is that they allow for a more in-depth analysis at the product level that could be used to gauge the prospects for the success of economic diversification. The findings of this paper provide useful information for the formulation of strategies that would enhance Oman‘s economic diversification programme "Tanfeedh". It also serves additional information as to whether it needs to realign the existing policies in order to promote a more favorable environment and sustainable development in Oman. Ministry of Higher Education, Sultanate of Oman 2017-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/62126/1/Oman%20Trade%20Structure-Omani%20Journal.pdf Hamid, Zarinah and Mohd Amin, Ruzita (2017) Oman’s economic diversification cum trade structure. Omani Journal of Applied Sciences, 6 (1). pp. 10-24. ISSN 1990-5149 http://www.cas.edu.om/ckfinder/userfiles/files/Omani%20Journal%20of%20Applied%20Sciences_the%20sixth%20version.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HA154 Statistical data HA29 Theory and method of social science statistics HC94 By region or country HF1014 Balance of trade
spellingShingle	HA154 Statistical data HA29 Theory and method of social science statistics HC94 By region or country HF1014 Balance of trade Hamid, Zarinah Mohd Amin, Ruzita Oman’s economic diversification cum trade structure
description	In line with Oman‘s National Programme for Enhancing Economic Diversification "Tanfeedh" which has received the Royal approval and has been endorsed by the Royal Decree 1/2016, this paper attempts to analyze the potential success of economic diversification of Oman by adopting measurements of trade concentration profile as used in Pitigala (2005). Tanfeedh's mandate is to implement the ninth five-year plan (2016-2020), which calls for oil's contribution to GDP to decrease to 26 per cent. The government has chosen five sectors with which it sees its best potential, namely: manufacturing, transport and logistics, tourism, fisheries and mining. This paper investigates whether or not Oman possesses the necessary trade structure by analyzing her dynamic exports between the years 1990 to 2015. In addition, the HerfindahlHirschman concentration index is also being employed to measure trade concentration for selected years for Oman and other GCC countries as a comparison. The advantage of using these measurements at the disaggregated level is that they allow for a more in-depth analysis at the product level that could be used to gauge the prospects for the success of economic diversification. The findings of this paper provide useful information for the formulation of strategies that would enhance Oman‘s economic diversification programme "Tanfeedh". It also serves additional information as to whether it needs to realign the existing policies in order to promote a more favorable environment and sustainable development in Oman.
format	Article
author	Hamid, Zarinah Mohd Amin, Ruzita
author_facet	Hamid, Zarinah Mohd Amin, Ruzita
author_sort	Hamid, Zarinah
title	Oman’s economic diversification cum trade structure
title_short	Oman’s economic diversification cum trade structure
title_full	Oman’s economic diversification cum trade structure
title_fullStr	Oman’s economic diversification cum trade structure
title_full_unstemmed	Oman’s economic diversification cum trade structure
title_sort	oman’s economic diversification cum trade structure
publisher	Ministry of Higher Education, Sultanate of Oman
publishDate	2017
url	http://irep.iium.edu.my/62126/ http://irep.iium.edu.my/62126/ http://irep.iium.edu.my/62126/1/Oman%20Trade%20Structure-Omani%20Journal.pdf
first_indexed	2023-09-18T21:28:04Z
last_indexed	2023-09-18T21:28:04Z
_version_	1777412326007242752

Oman’s economic diversification cum trade structure

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