Economic growth nexus in Saudi Arabia

This study examines the impact of control of corruption and the effectiveness of governance on the economic growth in Saudi Arabia using the latest cointegration approach of Pesaran et al. (2001) and Kripfganz and Schneider (2019). We utilize unit root and cointegration tests using a maximum available sample from 1996 to 2019. The effect of control of corruption is found insignificant on economic growth, and a positive effect of governance is found in the long-run.

6p mynguyenha 21-07-2021 18 2   Download

Oil Price (OP) and revenue play a significant contribution to the income of oil producers. Saudi income is majorly sourced from the oil sector. Therefore, it is very important to see the influence of OP on income. Particularly, testing asymmetry is necessary to see whether increasing OP has the same effect on income or not as of decreasing OP. This present research cares about this issue using nonlinear cointegration techniques. We found the symmetrical effect of OP on income in the long-run and asymmetrical effects in the short-run.

5p nguaconbaynhay10 22-02-2021 6 2   Download

This research article empirically examines the causal relationship among financial depth, economic growth and savings in the unique economic setup of Saudi Arabia for the period of 1971 to 2011.

15p cothumenhmong4 24-03-2020 33 1   Download