Download or read book Essays on Oil and Business Cycles in Saudi Arabia written by Bandar A. Aba Alkhail and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three chapters. Chapter one presents a theoretical model using a dynamic stochastic general equilibrium (DSGE) approach to investigate the role of world oil prices in explaining the business cycle in Saudi Arabia. This model incorporates both productivity and oil revenue shocks. The results indicate that productivity shocks are relatively more important to business cycles than oil shocks. However, this model has some unfavorable features that are associated with both investment and labor hours. The second chapter presents a modified theoretical model using DSGE approach to examine the role of world oil prices versus productivity shocks in explaining the business cycles in Saudi Arabia. To overcome the unfavorable features of the baseline model, the alternative model adds friction to the model by incorporating investment portfolio adjustment. Thus, the alternative model produces similar dynamics to that of the baseline model but the unfavorable characteristics are eliminated. Also, this chapter conducts sensitivity analysis. The objective of the third chapter is to empirically investigate how real world oil price and productivity shocks affect output, consumption, investment, labor hours, and trade balance/output ratio for Saudi Arabia. This chapter complements the theoretical model of the previous chapters. In addition, this study builds a foundation for future studies in examining the impact of real world oil price shocks on the economies of key trade partners of Saudi Arabia. The results of the third chapter show that productivity shocks matter more for macroeconomic fluctuations than oil shocks for the Saudis' primary trade partners. Therefore, fears of oil importing countries appear to be overstated. As a whole, this research is important for the following reasons. First, the empirical model is consistent with the predictions of our theoretical model in that productivity is a driving force of business cycles in Saudi Arabia. Second, the policymakers in Saudi Arabia should be more concerned with increasing productivity through adopting new technologies that increase economic prosperity. Therefore, the policymakers should continue diversifying economic resources and reduce their reliance on oil.
Download or read book Business and Economic Development in Saudi Arabia written by Jerry W. Wright and published by Palgrave MacMillan. This book was released on 1996 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few economies have witnessed such accelerated economic growth as that arising from Saudi Arabia's discovery of oil. These essays introduce the complexities of the cultural, economic and legal issues that determine business practices in Saudi Arabia. Contributions recognize that while economic activity is dominated by the oil industry, it also boasts a diversified commercial environment. The collection combining historical perspective, academic research and practical observation is accessible and timely reading for those wishing to undertake business in Saudi Arabia.
Download or read book Saudi Inc The Arabian Kingdom s Pursuit of Profit and Power written by Ellen R. Wald and published by Simon and Schuster. This book was released on 2018-04-03 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: A history of the most profitable company in the world, Saudi Aramco, and the story behind the family that ruthlessly maneuvered to control this multi-trillion dollar enterprise. The Saudi royal family and Aramco leadership are, and almost always have been, motivated by ambitions of long-term strength and profit. They use Islamic law, traditional ideology, and harsh justice to maintain stability and their own power, but underneath the thobes and abayas and behind the religious fanaticism and illiberalism lies a most sophisticated and ruthless business enterprise. Today, that corporation is poised to pull off the biggest IPO in history. Over more than a century, fed by ambition and oil wealth, al Saud, as the royal family is known, has come from next to nothing to rule as absolute monarchs, a contrast with the world around them and modernity itself. The story starts with Saudi Arabia's founder, Abdul Aziz, a lowly refugee embarking on a daring gambit to reconquer his family's ancestral home?the mud-walled city of Riyadh. It takes readers almost to present day, when the multinational family business has made al Saud the wealthiest family in the world and on the cusp of a new transformation. Now al Saud and its family business, Aramco, are embarking on their most ambitious move: taking the company public and preparing the country for the next generation.
Download or read book Saudi Arabia written by Mr.Ahmed I Al-Darwish and published by International Monetary Fund. This book was released on 2015-03-18 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Saudi Arabia: Tackling Emerging Economic Challenges to Sustain Strong Growth
Download or read book External Linkages and Policy Constraints in Saudi Arabia written by Mr.Niklas J Westelius and published by International Monetary Fund. This book was released on 2013-03-05 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The constraints that external linkages impose on domestic policy choices in Saudi Arabia have continuously evolved over the past four decades. This paper argues that two major ongoing developments in particular have affected and will continue to affect policy trade-offs. First, growing oil needs of emerging market economies (EMEs), and specifically those of developing Asia, have strengthened economic links between the Far East and Saudi Arabia. Second, financial sector development in Saudi Arabia has gradually strengthened the monetary transmission mechanism. The former implies the increased importance of developing Asia’s growth cycle for the Saudi economy, while the latter suggests greater influence of U.S. monetary policy on the non-oil economy through the peg to the U.S dollar. As a result, divergence between the growth cycles in developing Asia and the United States has the potential to increasingly generate tension between policy objectives in Saudi Arabia.
Download or read book Saudi Arabia s Oil Policy written by William B. Quandt and published by Washington, D.C. : Brookings Institutiion. This book was released on 1982 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Saudi Arabian Economy written by Mohamed A Ramady and published by Springer Science & Business Media. This book was released on 2005-12-05 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this unique text, Mohamed Ramady develops a framework for studying fundamental challenges to the modern Saudi Arabian economy. Public and private sector topics include: - The hydrocarbon and minerals sector, including a new model of mining privatization and cooperation - The impact of small and medium sized businesses - The evolving role of "family" businesses - The growing role of women in the Saudi economy - Shifting trade patterns - The Saudi "offset" technology transfer program The author offers an analysis of key challenges facing the Saudi economy, including the potential costs and benefits of privatization, globalization, and eventual membership in the WTO. Employment, education, economic and social stability, and Saudi Arabia’s place in the Gulf Cooperation Council are offered as keys to the consensus building needed to ensure the Kingdom’s healthy economic future. Mohamed Ramady teaches in the Department of Finance and Economics, King Fahd University of Petroleum and Minerals.
Download or read book The Price of Oil written by Valentina Dedi and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Political Economy of Saudi Arabia written by Tim Niblock and published by Routledge. This book was released on 2007-11-13 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a highly reputable author, this book provides a much needed, broad ranging survey of the development of the Saudi economy from the 1960s to the present day.
Download or read book Economic Development in Saudi Arabia written by Ahmed Al Rajhi and published by Routledge. This book was released on 2012-10-12 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: The changing political situation in the Middle East poses challenges for the economies of the region, and some see none more vulnerable to collapse than Saudi Arabia's. Yet as this study demonstrates, the fundamentals of the Kingdom's economy are relatively robust, as over three quarters of GDP is accounted for by the non-oil sector, and impressive modern industries have been established, notably in petrochemicals. The financial system functions well, and despite substantial government debts, there is low inflation and currency stability. The private sector increasingly drives the economy, although job creation has been insufficient to prevent rising youth unemployment. The development challenges Saudi Arabia faces are similar to those of other middle-income countries, and three decades of diversification have made the economy less unique than it was in the oil boom years of the 1970s.
Download or read book Economic Development in Saudi Arabia written by Robert E. Looney and published by . This book was released on 1990 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Twilight in the Desert written by Matthew R. Simmons and published by Wiley + ORM. This book was released on 2011-01-04 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twilight in the Desert reveals a Saudi oil and production industry that could soon approach a serious, irreversible decline. In this exhaustively researched book, veteran oil industry analyst Matthew Simmons draws on his three-plus decades of insider experience and more than 200 independently produced reports about Saudi petroleum resources and production operations. He uncovers a story about Saudi Arabias troubled oil industry, not to mention its political and societal instability, which differs sharply from the globally accepted Saudi version. Its a story that is provocative and disturbing, based on undeniable facts, but until now never told in its entirety. Twilight in the Desert answers all readers questions about Saudi oil and production industries with keen examination instead of unsubstantiated posturing, and takes its place as one of the most important books of this still-young century.
Download or read book Saudi Arabia Under Ibn Saud written by J.E. Peterson and published by Bloomsbury Publishing. This book was released on 2018-06-21 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: At its founding in 1932, the Kingdom of Saudi Arabia was characterized by tribal warfare, political instability, chronic financial shortages and economic crises. As a desert chieftain, Abd al-Aziz Ibn Saud, the ruler and king until 1953, had the skills, the cunning and the power to control the tribes and bring peace to this realm. But financial and economic matters were not his forte and these he left mostly to a single individual, Abdullah al-Sulayman al-Hamdan. He was entrusted with nearly all of the country's early financial dealings and administrative development. The Ministry of Finance, which he headed from its inception, served as nearly the sole government agency dealing with a wide variety of matters, many of which had only a peripheral connection to finance or the economy. This book examines the role of the Ministry of Finance and its minister, Abdullah al-Sulayman, in holding the country together financially and administratively until the promise of substantial oil income was realized a few years after the end of World War II. It will be essential reading for anyone interested in Gulf History and the Economic History of the Middle East.
Download or read book Two Essays on the Sources of Macroeconomic Fluctuations and Fiscal Policy Sustainability in Oil based Economies written by Othman Alwagdani and published by . This book was released on 2004 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Future of Saudi Arabian Oil Production written by United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on International Economic Policy and published by . This book was released on 1979 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on the Effects of Oil Price Shocks on Exchange Rates and the Economy of Saudi Arabia written by Moayad Hussain Al Rasasi and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three essays examining the consequences of oil price shocks on exchange rates and the economy of Saudi Arabia. In the first essay, we examine the impact of oil prices on the US dollar (USD) exchange rate in the flexible monetary model framework. We find evidence, based on the impulse response function analysis from the VEC model, suggesting the negative association between oil prices and the USD against 12 currencies. Furthermore, the results from out-of-sample forecasts indicate that oil prices play an essential role in improving the forecasting power of the monetary model of exchange rate determination. In the second essay, we analyze how G7 real exchange rates and monetary policy respond to oil supply, aggregate demand, and oil-specific demand shocks initiated by Killian (2009). Our evidence confirms that aggregate demand and oil specific demand shocks are associated with the depreciation of the real exchange rate for five countries whereas oil supply shocks lead to the depreciation of real exchange rate in four countries. Likewise, we find the monetary policy responds significantly only to aggregate demand and oil specific demand shocks in three countries while the monetary policy responds to real exchange rate shocks in four countries. In the third essay, we investigate the differential effects of oil shocks, developed by Killian (2009), on industrial production, inflation, and the nominal exchange rate of Saudi Arabia. The reported evidence shows that industrial production responds positively only to oil supply shocks. Likewise, we find evidence indicating that there is a positive impact of aggregate demand shocks on inflation. On the other hand, we find evidence suggesting that oil supply and demand shocks are associated with the nominal exchange rate depreciation.
Download or read book Essays on the Impediments to Income Diversification and De industrialization in the Oil exporting Economy of Saudi Arabia written by Mohammad Fahad Al-Qahtani and published by . This book was released on 2002 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt:
