Lifting productivity in Oman: The Role of Structural Reforms
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Oman’s potential nonhydrocarbon real GDP growth has trended downward since the global financial crisis, with a negative contribution from total factor productivity. This paper estimates productivity gains associated with structural reforms and identifies key binding constraints and reform priorities to boost productivity in Oman. Our results show that reforms to reduce the state’s footprint and strengthen institutions, as well as product market reforms, should be prioritized and packaged together to magnify productivity gains from labor market and financial sector reforms. These findings could inform the planning and implementation of the ongoing structural reform agenda envisaged under Oman Vision 2040.
Series:
Selected Issues Paper No. 2024/020
Subject:
International organization Monetary policy
Frequency:
Regular
English
Publication Date:
June 13, 2024
ISBN/ISSN:
9798400278563/2958-7875
Stock No:
SIPEA2024020
Format:
Paper
Pages:
18
Please address any questions about this title to publications@imf.org