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Economic Diversification in Bahrain

Author

Listed:
  • Rami Mohammad Abu Wadi

    (Department of Accounting and Economics, Ahlia University, Bahrain,)

  • Ala' G. Bashayreh

    (Department of Economics, Hashemite University, Jordan.)

Abstract

The study aims at analyzing the effect of economic diversification on economic growth in Bahrain for the period (1980-2014). For this purpose, many indicators were developed using The Herfindahl-Hirschman index and five variables: Real gross domestic product (GDP), exports, imports, government revenues and fixed capital formation. Results reveal a weak diversification in the Bahraini's economy besides a positive effect of diversification on the economic growth in Bahrain. In fact, no significant relationship between Herfindahl index and the growth of real GDP.

Suggested Citation

  • Rami Mohammad Abu Wadi & Ala' G. Bashayreh, 2018. "Economic Diversification in Bahrain," International Journal of Economics and Financial Issues, Econjournals, vol. 8(4), pages 120-125.
    • Handle: RePEc:eco:journ1:2018-04-15
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    References listed on IDEAS

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    Cited by:

    1. Mohammad W. Alomari & Ala' G. Bashayreh, 2020. "Modeling the Exports Diversification in the Oil Countries Growth: The Case of Gulf Cooperation Council Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 119-129.

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    More about this item

    Keywords

    Economic Diversification; Economic Growth; Herfindahl - Hirschman index .;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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