Economic Diversification in Bahrain

Rami Mohammad Abu Wadi, Ala' G. Bashayreh

Abstract


The study aims at analyzing the effect of economic diversification on economic growth in Bahrain for the period (1980-2014). For this purpose, many indicators were developed using The Herfindahl-Hirschman index (HHI) and five variables: real GDP, exports, imports, government revenues and fixed capital formation. Results reveal a weak diversification in the Bahraini’s economy besides a positive effect of diversification on the economic growth in Bahrain. In fact, no significant relationship between Herfindahl index and the growth of real GDP.

Keywords: Economic Diversification, Economic Growth, Herfindahl-Hirschman index.

JEL Classifications: L25, O47


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