Behavioral Economic Growth, Technological Change and Productivity in Qatar

Abstract

Available data on production parameters of the newly born Arabian Gulf countries are very scarce. Truly, they are extremely rich with their oil and natural gas reserves. However, it is basic in an economy to generate other sources of income from created economic sectors. In the present study I analyze production parameters of Qatar data by using improvised production functions and available data. The results show that labor and capital inputs as variables recorded 5.40 and 3.42, consecutively. That concludes that labor is the primary determining factor for industry. Moreover, by using the linear functions with time series data for capital LnKt and labor LnLt proved to be weak of values, 0.34 and 0.689, consecutively. Total labor productivity TFP are affected mainly by efficiency and technological changes. That reflects the improvements introduced to the newly born industrial sector in the country.