A Circular Causation Model of the Oil and Gas Sector Relative to the Nonoil Sector in the Sultanate of Oman

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 macroeco...

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Main Authors: Masudul Choudhury, Saeed Al-Muharrami, Mohammad Saleh Ahmed
Format: Article
Language:English
Published: UUM Press 2014-11-01
Series:International Journal of Management Studies
Online Access:https://www.scienceopen.com/document?vid=d38ec05f-04a2-4caf-ba14-3c58ee1c28af
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spelling doaj-408f21b40aaa485a977a6d707599eeea2021-06-15T13:20:41ZengUUM PressInternational Journal of Management Studies2232-16082180-24672014-11-0110.32890/ijms.21.2.2014.10410A Circular Causation Model of the Oil and Gas Sector Relative to the Nonoil Sector in the Sultanate of OmanMasudul ChoudhurySaeed Al-MuharramiMohammad Saleh AhmedThe 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 eff ective Omanization taken up in its broad defi nition 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.   Keywords: Economic development, development planning, sectoral planning, Oman development policies.https://www.scienceopen.com/document?vid=d38ec05f-04a2-4caf-ba14-3c58ee1c28af
collection DOAJ
language English
format Article
sources DOAJ
author Masudul Choudhury
Saeed Al-Muharrami
Mohammad Saleh Ahmed
spellingShingle Masudul Choudhury
Saeed Al-Muharrami
Mohammad Saleh Ahmed
A Circular Causation Model of the Oil and Gas Sector Relative to the Nonoil Sector in the Sultanate of Oman
International Journal of Management Studies
author_facet Masudul Choudhury
Saeed Al-Muharrami
Mohammad Saleh Ahmed
author_sort Masudul Choudhury
title A Circular Causation Model of the Oil and Gas Sector Relative to the Nonoil Sector in the Sultanate of Oman
title_short A Circular Causation Model of the Oil and Gas Sector Relative to the Nonoil Sector in the Sultanate of Oman
title_full A Circular Causation Model of the Oil and Gas Sector Relative to the Nonoil Sector in the Sultanate of Oman
title_fullStr A Circular Causation Model of the Oil and Gas Sector Relative to the Nonoil Sector in the Sultanate of Oman
title_full_unstemmed A Circular Causation Model of the Oil and Gas Sector Relative to the Nonoil Sector in the Sultanate of Oman
title_sort circular causation model of the oil and gas sector relative to the nonoil sector in the sultanate of oman
publisher UUM Press
series International Journal of Management Studies
issn 2232-1608
2180-2467
publishDate 2014-11-01
description 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 eff ective Omanization taken up in its broad defi nition 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.   Keywords: Economic development, development planning, sectoral planning, Oman development policies.
url https://www.scienceopen.com/document?vid=d38ec05f-04a2-4caf-ba14-3c58ee1c28af
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