Omanization (Development Transformation of the Sultanate of Oman) as an Economic and Social Wellbeing Goal: Application of TSR Circular Causation Method

Abstract

The Tawhidi methodological formalism reaches its empirical climax in the evaluation of the imminent wellbeing function, subject to its system of inter-variable circular causation relations. The resulting quantitative strategic policy implications are thereby derived. It is essential for full socio-scientific acceptability of a theory and idea to carry the underlying methodological origin of thought to its empirical validation, quantitative inferences, and continuity of the IIE-learning dynamics for anything in the completeness of the theory of ‘everything’. Thus far it can be seen, as empirically studied in this work that, the TSR-model emerging from Tawhidi methodology and its empirical application, does not fail. Socioeconomic development and social systemic study is one such vastly applied area. In this chapter this generalized area of Tawhidi ontological study is particularized to the sectoral development of Oman under the ethical reconstruction of Omanization as explained and measured by its social wellbeing perspective.

Masudul Alam Choudhury, Saeed Al-Muharrami & (Late) Saleh Ahmed—This research was completed for Daleel Oil Corporation and Oman Ministry of Oil and Gas in December 2014. Professor Dr. Saeed Al-Muharrami is in the Department of Economics and Finance, College of Economics and Political Science, Sultan Qaboos University, Muscat, Sultanate of Oman.

Appendices

Appendix 15.1 Macroeconomic Data (Oman Statistical Yearbook Millions of OMR)

Year	GDP	Oil Export	Wages and salaries	TG Capital	GDP_OG
	${\text X}_{1}$	${\text X}_{2}$	${\text X}_{3}$	${\text X}_{4}$	${\text X}_{5}$
2001	7459	3414.601313	650.827	1275.84562	3279.587
2002	7708	3307.203726	716.374	1444.000453	3300.282
2003	8283	3581.740077	759	1823.081108	3481.078
2004	9487	4186.474749	805.658	2320.377695	4077.692
2005	11883	6047.883221	938.058	2631.123618	5875.824
2006	14151	6720.289661	1227.49	3415.58113	6739.887
2007	16111	7199.876245	1347.84	4671.599056	7139.021
2008	23352	11024.30707	1369.23	7172.772596	11844.15
2009	18559	6947.897766	1506.45	6196.7202	7383.457
2010	22773	9703.321185	1722.71	6091.593146	10388.39

1. ${\text X}_{1}, {\text X}_{2}, {\text X}_{3}, {\text X}_{4}$ and ${\text X}_{5}$ are Total GDP, Oil and Gas Exports, Wages and Salaries, Total Gross Capital Formation and Total Petroleum Activities (GDP Oil and Gas) of Oman respectively

Appendix 15.2 Excel Tables and Graphs (Macro Interface Results)

Appendix 15.3 Excel Tables and Graphs (Micro Interface Results)