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Quantitative Measurement of Economic Sectors Effect on the Non-Oil GDP in United Arab Emirates

Omar Masood*

* Business School, University of East London, Docklands, University Way, London.

Periodicity:March - May'2009
DOI : https://doi.org/10.26634/jmgt.3.4.202

Abstract

UAE economy is going ahead in leaps and bounds, and it's one of the star performers of the Middle East. It keeps exceeding the most optimistic expectations, and even in times of political or economic crises, it was able to absorb all shocks and bounce back. This study aimed to identify the impact of the economic sectors in the UAE on the non-oil GDP. We used SPSS v.15.0 and Minitab v.14 heavily to analyze the statistical data depending on Arithmetic Means, Correlation Coefficients, and Regression Analysis to test the validity of the proposed statistical model, and to find the impact of independent variables (economic sectors) on the dependent variable (non-oil GDP). The findings of this study revealed that we were able to build a statistical model for the economic sectors and the non-oil GDP, to analyze the economic indicators of the UAE during (1970-2006). In addition, we found that the oil sector has a statistically significant impact on the UAE non-oil GDP. We strongly emphasize on the importance of this study, and that decision makers should use it when planning for future strategies.

Keywords

Non-oil Gross Domestic Product, Oil sector, Regression and Correlation Analysis, Hypothesis Testing, and Statistical Estimation

How to Cite this Article?

Omar Masood (2009). Quantitative Measurement Of Economic Sectors Effect On The Non-Oil Gdp In United Arab Emirates. i-manager’s Journal on Management, 3(4), 34-46. https://doi.org/10.26634/jmgt.3.4.202

References

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[2]. Ibrahim A. Elbadawi (2005). Reviving Growth in the Arab World. Economic Development and cultural Change, 53, pp. 293-327.

[3]. Explaining growth in an oil-dependent economy: the case of The United Arab Emirates (2002), United Arab Emirates University.

[4]. Adel Qadhmani (1997). The Status and Future of Economic Development in the United Arab Emirates. Economic Horizons Magazine, volume 18.

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[7]. United Arab Emirates Year Book, for years 2000-2006.

[8]. United Arab Emirates Nation-Wide Census, 2005.

[9]. United Arab Emirates at a Glance, for years 2006 and 2007.

[10]. Annual reports from: UAE Ministry of Planning, Economic and Social Indicators in the UAE, Ministry of Health, Ministry of Education, Ministry of Agriculture and Ministry of Economy, from 1970 to 2006.

[11]. The official website of United Arab Emirates Government, www.uae.gov.ae.

[12]. The official website of national UAE media council, www.uaeinteract.com

[13]. Zayed University, www.zu.ac.ae/library/html/ UAEInfo/ UAEStats.htm

[14]. Some local newspaper such as: Gulf News, Khaleej Times, Al Khaleej, and Akhbar Al Arab.

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