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A circular causation model of the oil and gas sector relative to the non-oil sector in the Sultanate of Oman


Choudhury, Masudul Alam and Al-Muharrami, Saeed and Ahmed, Mohammad Saleh (2014) A circular causation model of the oil and gas sector relative to the non-oil sector in the Sultanate of Oman. International Journal of Management Studies (IJMS), 21 (2). ISSN 0127-8983

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Abstract

The goal of Omanization as a comprehensive focus of the productive and social transformation of the Omani economy with the retention of her domestic output and labour component in total national economic activity is studied by using the methodology of circular feedback between some critical macroeconomic variables that relate to oil and non-oil sectoral development. The existing scenario points out that the structural shape of inter-sectoral allocation of resources and their socio-economic results is based on marginal rates of substitutions.Contrarily, the development structure based on inter-sectoral and inter-variable causality leads to the suggestion of the complementary (participatory) development outlook. The emergent model of circular causation is used to study both cases; the ‘as is’ estimation case and the ‘as it ought to be’ simulation case in view of effective Omanization taken up in its broad definition of socio-economic sustainability. The simulation results that give rise to fresh directions on socio-economic structures and policy-making are further studied by the method of Spatial Domain Analysis of the GIS method.

Item Type: Article
Uncontrolled Keywords: Economic development, development planning, sectoral planning, Oman development policies.
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: UNSPECIFIED
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 18 Oct 2015 06:52
Last Modified: 18 Oct 2015 07:03
URI: http://repo.uum.edu.my/id/eprint/15855

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