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Improved labour productivity is imperative for Oman’s economic diversification

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  • Almukhtar S. Al-Abri

Abstract

This study measures sectoral labour productivity in Oman. Our findings indicate low as well as declining labour productivity across most sectors. Only Financial Intermediation shows some increases in labour productivity. We note that growth in most sectors was largely driven by fiscal spending rather than growth in labour productivity. The findings suggest that improving labour productivity and diversifying the economy can be both achieved by directing future expansions towards high-end industries, which can absorb the highly skilled and highly motivated workforce of Omanis.

Suggested Citation

  • Almukhtar S. Al-Abri, 2017. "Improved labour productivity is imperative for Oman’s economic diversification," Local Economy, London South Bank University, vol. 32(8), pages 867-879, December.
    • Handle: RePEc:sae:loceco:v:32:y:2017:i:8:p:867-879
    DOI: 10.1177/0269094217743941
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    References listed on IDEAS

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    1. Chad Syverson, 2011. "What Determines Productivity?," Journal of Economic Literature, American Economic Association, vol. 49(2), pages 326-365, June.
    2. Mr. Tim Callen & Reda Cherif & Fuad Hasanov & Mr. Amgad Hegazy & Padamja Khandelwal, 2014. "Economic Diversification in the GCC: Past, Present, and Future," IMF Staff Discussion Notes 2014/012, International Monetary Fund.
    3. Margaret S. McMillan & Dani Rodrik, 2011. "Globalization, Structural Change and Productivity Growth," NBER Working Papers 17143, National Bureau of Economic Research, Inc.
    4. Tim Callen & Reda Cherif & Fuad Hasanov & Amgad Hegazy & Padamja Khandelwal, 2014. "Economic Diversification in the GCC; Past, Present, and Future," IMF Staff Discussion Notes 14/12, International Monetary Fund.
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