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Title: Industrial policy in Bahrain
Author: Al Durazi, A. A. A. S.
Awarding Body: University College of Swansea
Current Institution: Swansea University
Date of Award: 1994
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This study is concerned with industrial policy in Bahrain. Bahrain is a small country with limited resources. The economy is dependent on one depletable source: oil which is expected to be exhausted by the end of the decade. The need for industrial development in Bahrain cannot be exaggerated. The manufacturing sector is being looked at as the sector that would sustain economic growth in the post oil era, and as a provider of employment. The objective of the study is to provide policy guidelines for industry through identifying industries in which Bahrain enjoys a comparative advantage. Information about the country's competitiveness should provide useful policy tools, in view of the lack of a formal industrial development strategy. The theory of comparative advantage is defined in terms of relative autarkic prices but we are confronted with data generated in the presence of trade. This had led to the introduction of the notion of revealed comparative advantage (RCA). Several of the available measures of revealed comparative advantage are examined. The author has identified the limitations of these measures that has necessitated the search for a new index that overcomes these limitations. A new measure of revealed comparative advantage labeled the relative share index (RSI) is developed in this thesis. It is argued that the RSI provides a clearer reflection of the actual comparative advantage in an economy by accounting for the different economic conditions as reflected in the relative size of the manufacturing exports to imports sector. The RSI is used to identify RCA in Bahrain's manufacturing industry. The policy implications of the findings are examined in detail, emphasising the use of information on the country's competitiveness as policy guidelines.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available