THE IMPACTS OF MACROECONOMIC VARIABLES ON WELFARE IN
THE SULTANATE OF OMAN

Juma Alyazeedi; Dr. Gholamreza Chabokrow

doi:10.46609/IJSSER.2020.v05i11.006

Title: THE IMPACTS OF MACROECONOMIC VARIABLES ON WELFARE IN THE SULTANATE OF OMAN
Authors: Juma Alyazeedi and Dr. Gholamreza Chabokrow
Journal: International Journal of Social Science and Economic Research (IJSSER) ISSN: 2455-8834 Volume: 5 Issue: 11 Publication Date: November 2020 DOI: 10.46609/IJSSER.2020.v05i11.006
\|\| \|\|
Juma Alyazeedi and Dr. Gholamreza Chabokrow Department of Economics and Finance, College of Economics, Management and Information Systems, University of Nizwa, Sultanate of Oman
MLA 8 Alyazeedi, Juma, and Dr. Gholamreza Chabokrow. "THE IMPACTS OF MACROECONOMIC VARIABLES ON WELFARE IN THE SULTANATE OF OMAN." Int. j. of Social Science and Economic Research, vol. 5, no. 11, Nov. 2020, pp. 3383-3391, doi:10.46609/IJSSER.2020.v05i11.006. Accessed Nov. 2020. APA 6 Alyazeedi, J., & Chabokrow, D. (2020, November). THE IMPACTS OF MACROECONOMIC VARIABLES ON WELFARE IN THE SULTANATE OF OMAN. Int. j. of Social Science and Economic Research, 5(11), 3383-3391. doi:10.46609/IJSSER.2020.v05i11.006 Chicago Alyazeedi, Juma, and Dr. Gholamreza Chabokrow. "THE IMPACTS OF MACROECONOMIC VARIABLES ON WELFARE IN THE SULTANATE OF OMAN." Int. j. of Social Science and Economic Research 5, no. 11 (November 2020), 3383-3391. Accessed November, 2020. doi:10.46609/IJSSER.2020.v05i11.006.
References [1]. Agenor, Pierre-Richard. (2004). Unemployment - poverty trade-offs. [2]. Ahn, Namkee & García, Juan & Jimeno, Juan. (2004). The Impact of Unemployment on Individual Well-Being in the EU. 29. [3]. Anne O. Krueger, 1978. Foreign Trade Regimes and Economic Development: Liberalization Attempts and Consequences, NBER Books,National Bureau of Economic Research, Inc, number krue78-1, Juni. [4]. Bhagwati, Jagdish & Srinivasan, T. N. (1975). Foreign Trade Regimes and Economic Development: India. XF2006172468. [5]. Cooke, Dudley. (2010). Openness and Inflation. Journal of Money, Credit and Banking. 42. 267-287. 10.2307/20685100. [6]. Farhad Khodadad Kashi, Mohammad Nabi Shahikitash, (2014). Effects of macroeconomic variables on poverty in Iran (Application of bootstrap technique), Theoretical and Applied Economics, Vol XXI (2014), No. 5(594), pp. 85-96. [7]. Mariam Alobaid, Farima Alramzi (2008). Kuwaiti citizens' priorities. Majlis alumah. [8]. Mohammad Nabi Shahiki Tash, Saber Molaei, Kamran Barghandan, (2017). Evaluating the effect of macroeconomic variables on the welfare changes in Iran, International Journal of Social Economics, Vol. 44 Issue: 5, pp.594-604 [9]. Paul M. Ryscavage. (1982). Employment problems and poverty: examining the linkages. Monthly labor review. June 1982 [10]. Rodrik, Dani & Hausmann, Ricardo & Hwang, Jason. (2007). What You Export Matters. Journal of Economic Growth. 12. 1-25. 10.2139/ssrn.896243. [11]. Samimi, Ahmad & Ghaderi, Saman & Hosseinzadeh, Ramezan & Nademi, Younes. (2012). Openness and Inflation: New Empirical Panel Data Evidence. Economics Letters. 117. 573–577. 10.1016/j.econlet.2012.07.028. [12]. Saunders, Peter. (2002). The Direct and Indirect Effects of Unemployment on Poverty and Inequality. Australian Journal of Labour Economics (AJLE). 5. 507-530.
ABSTRACT: This paper investigates how Oman’s welfare and the citizens’ wellbeing is affected by macroeconomic variables. In this study the impacts of inflation, wages, unemployment and openness of welfare - GDP per capita (current local currency)- in Oman are estimated using the Pearson correlation coefficient to find the nature of the relationship between them. Gini index was added to see if it has any impact on the welfare. The study showed that Inflation, wages and openness positively and directly affect welfare with over 90% correlation for wages and openness. Unemployment showed a negative relationship with the same variables. Policy makers, in their pursuit of increasing Omani welfare and the level of citizens’ wellbeing, should focus more on reducing the unemployment rate rather than on restraining inflation and give more freedom for international trade (which may create more jobs and might lead to an increase in wages).

IJSSER is Member of