TY - BOOK ID - 136849671 TI - Economic Diversification in the Gulf States PY - 2018 SN - 395994053X 9783959940535 9783959940528 3959940521 PB - Berlin Gerlach Press DB - UniCat KW - Economic development KW - 2000-2099 KW - Persian Gulf States KW - Economic conditions UR - https://www.unicat.be/uniCat?func=search&query=sysid:136849671 AB - 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. ER -