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Middle East and Central Asia > Qatar

You are looking at 1 - 7 of 7 items for :

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Cover Selected Issues Papers
Building a Knowledge-Based Economy to Boost Growth: The Role of Export Diversification in Qatar
Ken Miyajima
Motivated by Qatar’s Third National Development Strategy, this note discusses ingredients for boosting export diversification and growth potential. Drawing on cross-country experiences and empirical analyses, we shed light on how successful policies supported building human capital and economic complexity, the type of strategy that could best suite Qatar's circumstances, and pitfalls to avoid.
Keywords:
Economic complexity; export diversification; human capital; innovation; Qatar; Third National Development Strategy; suite Qatar's circumstances; based economy; goods export; lessons Qatar; Korea's export mix; Exports; Comparative advantage; Export performance; Middle East; Eastern Europe; Europe; Global
Cover Selected Issues Papers
Estimating Fiscal Multiplier for Qatar: Qatar
Ken Miyajima
Econometric results suggest that Qatar’s strong capital spending multiplier became less impactful as the stock of capital rose to a high level, likely as the marginal impact declined. This supports Qatar’s strategy to shifts the State’s role to an enabler of private sector-led growth, focusing on expenditure to support build human capital and implementation of broader reform guided by the Third National Development Strategy.
Keywords:
Capital spending; fiscal multiplier; GCC; Qatar; strategy to shift; Qatar's strategy; copyright page; Qatar country dummy; allocation decision; Fiscal multipliers; Current spending; Stocks; Global
Cover Selected Issues Papers
Financial Conditions and Their Growth Implications for Qatar
Dorothy Nampewo
This paper develops a Financial Conditions Index (FCI) for Qatar and uses the Growth-at-Risk (GaR) framework to examine the impact of financial conditions on Qatar’s non-hydrocarbon growth. The analysis shows that the FCI is an important leading indicator of Qatar’s non-hydrocarbon growth, highlighting its predictive potential for future economic performance. The GaR framework suggests that overall, the current downside risks to Qatar’s baseline non-hydrocarbon growth projections are relatively mild.
Keywords:
Financial conditions; non-hydrocarbon growth; Qatar; GaR framework; growth projection; Qatar's baseline; copyright page; financial conditions indicator; Financial conditions index; Oil prices; Central bank policy rate; Deposit rates; Post-clearance customs audit; Global
Cover Selected Issues Papers
Artificial Intelligence in Qatar: Assessing the Potential Economic Impacts
Tongfang Yuan
Qatar has been actively preparing to embrace the transformative potential of artificial intelligence (AI), allowing it to lead its Emerging Market peers in AI readiness. Qatar’s AI exposure has increased significantly over the years, and increasing AI adoption is assessed to yield more opportunities than risks for the country’s labor force, thanks to the private sector’s contribution in increasing jobs that are more likely to benefit from AI-driven productivity gains. Scenario analyses suggest that increasing AI adoption, supported by policy reforms to boost human capital, innovation and domestic knowledge spillovers, could generate sizeable labor productivity gains over the medium term.
Keywords:
Artificial Intelligence (AI); labor demand; productivity; skills; Qatar; AI adoption; productivity gain; Qatar's AI exposure; artificial intelligence in Qatar; potential of artificial intelligence; Labor force; Labor productivity; Global
Cover Selected Issues Papers
Impact of AI on Singapore's Labor Market: Singapore
Shujaat A Khan
Singapore is well-prepared for AI adoption but stands highly exposed to the increasing use of artificial intelligence (AI) technologies in the workplace, due to a large share of skilled workforce. While half of the highly exposed segment of the labor force stands to benefit from the appropriate use of AI to complement their tasks, potentially boosting their productivity, the other half may face greater vulnerability to AI’s disruptive effects due to lower levels of AI complementarity. Estimates suggest that women and younger workers are more exposed to the effects of AI, which, in the absence of appropriate policies, could worsen income inequality in Singapore. Targeted training policies, leveraging on the existing SkillsFuture program, can harness AI's potential. Additionally, focused upskilling can mitigate the disruptive impact of AI on vulnerable workers.
Keywords:
AI exposure; AI complementarity; AI adoption; disruptive effect; impact of AI; Artificial intelligence; Labor markets; Labor force; Global
Cover Selected Issues Papers
2022 FIFA World Cup: Economic Impact on Qatar and Regional Spillovers
Aidyn Bibolov
,
Ken Miyajima
,
Sidra Rehman
, and
Tongfang Yuan
Qatar hosted the 2022 FIFA World Cup (WC) successfully and took the opportunity to further develop its non-hydrocarbon economy. Near-term contributions to Qatar’s economy, from visitors’ spending and WC-related broadcasting revenue, of up to 1 percent of GDP was comparable to cross-country experiences. The event generated positive regional economic spillovers as a sizeable share of spectators stayed in and commuted from neighboring GCC countries. Longer-term contributions were significant—the large investment in general infrastructure ahead of the WC drove much of the non-hydrocarbon sector’s growth in the past decade. The high-quality infrastructure and global visibility brought by the WC should be leveraged to further promote diversification and achieve the National Vision 2030.
Keywords:
Economic diversification; economic transformation; Qatar; structural reform; FIFA World Cup; broadcasting revenue; Qatar's economy; WC spectator; World Cup broadcasting right; Public investment spending; Capital spending; Production growth; Spillovers; Tourism; Global; Asia and Pacific
Cover Selected Issues Papers
From HydroCarbon to Hightech: Mapping the Economic Transformation of Qatar
Chandana Kularatne
,
Ken Miyajima
, and
Dirk V Muir
Qatar’s state-led, hydrocarbon intensive growth model has delivered rapid growth and substantial improvements in living standards over the past several decades. Guided by the National Vision 2030, an economic transformation is underway toward a more dynamic, diversified, knowledge-based, sustainable, and private sector-led growth model. As Qatar is finalizing its Third National Development Strategy to make the final leap toward Vision 2030, this paper aims to identify key structural reforms needed, quantify their potential impact on the economy, and shed light on the design of a comprehensive reform agenda ahead. The paper finds that labor market reforms could bring substantial benefits, particularly reforms related to increasing the share of skilled foreign workers. Certain reforms to further improve the business environment, such as improving access to finance, could also have large growth impact. A comprehensive, well-integrated, and properly sequenced reform package to exploit complementarities across reforms could boost Qatar’s potential growth significantly.
Keywords:
Economic diversification; economic transformation; Qatar; structural reform; sequenced reform package; growth model; growth impact; Qatari small and medium-sized enterprises; emission reduction target; private sector development; Labor market reforms; Labor force participation; Women; Climate finance; Global