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Diversification and development of the UAE’s economy

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  • Schilirò, Daniele

Abstract

This contribution examines the major features of UAE’s economy, its factors of strengths, undelying also its critical aspects. Furthermore, the work focuses on the crucial factors that characterize a diversified knowledge economy and indicates the policies that the economy of the United Arab Emirates must pursue in order to improve its performance and be a competitive economy at a global level. In addition, the paper tries to single out the new business sectors for the diversification and the development of the UAE’s economy.

Suggested Citation

  • Schilirò, Daniele, 2013. "Diversification and development of the UAE’s economy," MPRA Paper 47089, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:47089
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    File URL: https://mpra.ub.uni-muenchen.de/47089/1/MPRA_paper_47089.pdf
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    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Gary S. Becker, 1962. "Investment in Human Capital: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 70, pages 1-9.
    3. Omar Masood & Bruno S. Sergi, 2008. "Quantitative measurement of economic sectors effect on the non-oil GDP in United Arab Emirates," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 1(3), pages 239-258.
    4. Abu-Qarn, Aamer S. & Abu-Bader, Suleiman, 2007. "Sources of Growth Revisited: Evidence from Selected MENA Countries," World Development, Elsevier, vol. 35(5), pages 752-771, May.
    5. Tarik M. Yousef, 2004. "Development, Growth and Policy Reform in the Middle East and North Africa since 1950," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 91-115, Summer.
    6. Pissarides, Christopher A., 2001. "Employment protection," Labour Economics, Elsevier, vol. 8(2), pages 131-159, May.
    7. Theodore W. Schultz, 1960. "Capital Formation by Education," Journal of Political Economy, University of Chicago Press, vol. 68, pages 571-571.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    diversification; knowledge economy; institutions; innovation; development;

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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