Sectoral diversification of UAE toward a knowledge-based economy

Purpose The purpose of this study is to look at the United Arab Emirates’ (UAE's) progress toward economic diversification and becoming a knowledge-based economy. Design/methodology/approach World Development Indicators (WDI) GlobalEconomy websites provided all secondary data for paper. are largely used highlight UAE's current level and, consequently, atmosphere knowledge economy transition necessary sustainable development. Additionally, conducts nonparametric estimation using DEA identify condition four variables pertaining Herfindahl-Hirschman index (HHI) was utilized empirically in determine state diversity. Findings According research, UAE reasonably diverse until recently. number patents journal papers published per resident both add GDP. Furthermore, information communication technology (ICT) exports inconsistent; declining trend researchers education sector's continuous struggles major concerns. Figure 1 introduction reinforces conclusion by noting that construction building remained greatest employer labor throughout time period. This significant finding because, as illustrated low force participation sector, combined with lower citizen advanced UAE, results scientific research publications, output patent applications. In general, majority population expat, extent which locals expats contribute overall advancement remains an open question. envelopment analysis (DEA) model, three productive, they incentive institutional regime, innovation systems ICT. findings article will aid policymakers more generally Gulf Cooperation Council (GCC) region, developing successful policies help growth knowledge- innovation-based Practical implications appropriate monitor required Originality/value issue has rarely been addressed use robust parametric processes, well visualization tools.