A Development Planning Model and Application using Islamic Relational Epistemology

Masudul Alam Choudhury

Bulletin of Political Economy, 2011, vol. 5, issue 2, 185-206

Abstract: This paper is an introduction to the epistemological formalism of Islamic political economy and its application to the case study of socioeconomic development of the Sultanate of Oman. A relational epistemology of development planning emanating from the episteme of Oneness of God as the Islamic worldview of unity of knowledge is conceptualised and made empirically viable by combining statistical quantification and real-time simulation in the spatial dimension. These two estimation approaches and the empirical results are sequentially interconnected; showing how statistical results that are always static in nature can be dynamically represented by real-time and knowledge-induced (epistemological) graphical simulation in spatial domains. The policy implication underlying the normative issues interconnecting the statistical results and the spatial dimension simulation results is pointed out. The case study of development planning for the Manufacturing and Petroleum inter-sectoral GDP and total employment relations for the Sultanate of Oman is considered.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:awu:journl:v:5:y:2011:i:2:p:185-206

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