Download or read book The impact of government expenditure on non oil GDP in Saudi Arabia written by Gabby Ian and published by GRIN Verlag. This book was released on 2022-06-20 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic Paper from the year 2022 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, The Florida State University, language: English, abstract: Government expenditure refers to the money the public sector or the government spends on providing services such as education and the acquisition of essential goods and services. It entails interest payments, transfer payments, and government consumption categories. In this connection, the government has been developing policies that will make the economy more diversified and thus more stable. The policies aim to strengthen other sectors of the economy to make them profitable enough to contribute to its exports. The government of Saudi Arabia has been formulating and implementing favorable policies that will attract investors and create manufacturing firms in the country. The non-oil industry has not been taking part in developing the country's economy. The impact of other industries on the economy has not been felt as it should have. According to World Bank statistics from 2011 to 2013, the country's economic performance has been going down to fluctuating prices for oil in the world market. Other sectors in the industry have not been active enough to protect the nation's Gross Domestic Product from going down, as they are not well established. According to World Bank Information, the growth rate of Saudi Arabia from 2002 to 2013 has not been steady. The economy's stability depends on the value of products from Saudi Arabia in the international market. The country has had to invest more in its local manufacturing industries to guarantee stable economic growth. One sector the country has invested in to ensure the non-oil industry makes a significant contribution to the growth and development of the economy is encouraging entrepreneurs to set up non-oil commercial activities. Industrialists will help diversify the industry; in the process, more revenue will be generated, which will be used to develop the economy. The value of non-oil products has been increasing as entrepreneurs invest more in the industry, intending to produce high-quality goods that can compete with goods from other countries in the world market. Entrepreneurs are drivers of innovation, which will transform the economy, making it more vibrant, just like developed nations' economies. In this regard, this paper examines the impact of government expenditure on non-oil GDP in Saudi Arabia.
Download or read book Economic Growth and Government Spending in Saudi Arabia written by Mr.Saad A. Alshahrani and published by International Monetary Fund. This book was released on 2014-01-13 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically examines the effects of different types of government expenditures, on economic growth in Saudi Arabia. We use different econometric techniques to estimate the short- and long-run effects of these expenditures on growth and employ annual data over the period 1969-2010. Our findings indicate that while private domestic and public investments, as well as healthcare expenditure, stimulate growth in the long-run, openness to trade and spending in the housing sector can also boost short-run production. These findings draw some policy implications for Saudi policymakers on maximizing the returns of the government spending on economic growth.
Download or read book Fiscal Expenditure Policy and Non oil Economic Growth written by Ugo Fasano and published by . This book was released on 2001 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Impact of the Oil Sector on the Development of the Non oil Economy of Saudi Arabia written by Fahad Saad Aldoasary and published by . This book was released on 1983 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Saudi Government Revenues and Expenditures written by A. Aldukheil and published by Springer. This book was released on 2013-11-11 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Will history repeat itself, leaving Saudi Arabia to face another financial crisis due to drastic overspending and/or a dramatic drop in oil revenue? If the situation remains on its current trajectory, by 2030 government debt due to rising expenditures over revenues will be too overwhelming for the government to cope with.
Download or read book Modelling Government Expenditures and Economic Growth Nexus in Saudi Arabia 1968 2010 written by Mohammed Moosa O. Ageli and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth and development remains an important policy issue for most of the states in the world, which is a particular issue for late developing countries, as they have very much relied on 'state' for economic growth and development. As a result, the experience in the 20th century demonstrates a secular increase in the growth of government expenditures all over the world. Hence, the role of government expenditures in contributing to long run economic growth continues to be an important topic and the subject of much debate. Saudi Arabia economy is one of late developing countries. While its economy is characterised by an open and private economy, the government remains to have a large role in the economy through its expenditures financed largely by revenues generated from oil. While the Saudi economy has grown and developed, the government has also responded to the increased demand for social services such as education and healthcare in addition to other infrastructure investments for development purpose. Therefore, the process of economic growth and development has resulted in growth of government expenditures. This research, thus, aims at modelling of government expenditures and economic growth nexus in the case o Saudi Arabia for the period of 1968-2010 by testing a number of models developed in the literature: Wagner's Law, Keynesian Relations and Peacock and Wiseman's Displacement Effect. The analysis modelled within the time series econometric techniques including co-integration test, Granger causality test and the error correction model (ECM). The findings obtained from the analyses find that the Wagnerian proposition can explain the growth of government in Saudi Arabia, which holds for both the oil and non-oil income cases. The result indicates the existence of strong feedback causality for all the versions of Wagner's law in the long run. The findings also note that the three versions of Keynesian Relations found to be held for both general income and non-oil income in the case of Saudi Arabia. In addition, the findings also support for the Displacement Effect mainly due to international political developments and trends in oil prices, as such events resulted deviation from the linear growth in the government expenditures over the average growth and it is observed that government expenditure growth continued its gradual growth from the new level. This study, thus, concludes that growing economic activity of the state has marked the Saudi Arabian economy over the period in question. While this partly can be explained due to economic reasons such as the need for economic development and responding to the demands of a growing population, but also the rentier economy nature of the Saudi political economy necessitates increasing government expenditures for political stability.
Download or read book Saudi Arabia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2015-10-15 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper assesses the importance of oil and interest rate spillovers for Saudi Arabia. Oil prices have fallen by more than 40 percent since mid-2014 while the Federal Reserve is expected in the coming months to begin raising its policy rate at the beginning of a gradual tightening cycle. Given the importance of oil to the economy and the peg of the riyal to the U.S. dollar, these are two key developments for Saudi Arabia. Although a temporary drop in oil prices would likely have little effect on the economy and banks given the financial cushions that have been built-up, a longer-lasting period of low oil prices would have a more significant impact.
Download or read book Saudi Arabia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2015-10-15 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper assesses the importance of oil and interest rate spillovers for Saudi Arabia. Oil prices have fallen by more than 40 percent since mid-2014 while the Federal Reserve is expected in the coming months to begin raising its policy rate at the beginning of a gradual tightening cycle. Given the importance of oil to the economy and the peg of the riyal to the U.S. dollar, these are two key developments for Saudi Arabia. Although a temporary drop in oil prices would likely have little effect on the economy and banks given the financial cushions that have been built-up, a longer-lasting period of low oil prices would have a more significant impact.
Download or read book The Viability of Saudi Arabian Industrial Diversification Efforts written by and published by . This book was released on 1991 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Saudi Arabia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2017-10-05 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper looks at the appropriate scope and pace of fiscal adjustment in Saudi Arabia. The economy of Saudi Arabia has started to feel the impact of the fiscal adjustment. The fiscal space analysis suggests that the authorities have some space in the next few years to undertake a more gradual fiscal adjustment than set out in the IMF staff’s baseline. Although faster fiscal adjustment may have advantages in terms of limiting the rundown in net assets and taking full advantage of the current pro-reform climate, it has disadvantages when it comes to the larger impact on growth and employment in the near term, which may ultimately undermine the sustainability of the reforms.
Download or read book Fiscal Adjustment in the Gulf Countries Less Costly than Previously Thought written by Mr.Armand Fouejieu and published by International Monetary Fund. This book was released on 2018-06-13 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates fiscal multipliers for the Gulf Cooperation Council (GCC) countries. Using OLS panel fixed effects on a sample of six countries from 1990-2016, results indicate that GCC fiscal multipliers have declined in recent years which would make the on-going fiscal consolidation less costly than previously thought. Though both capital and current multipliers have declined in recent years, capital multipliers are larger than current multipliers, which implies that reducing (less productive) current spending will help limit the adverse impact of such measures on growth.
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 Saudi Arabia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2019-09-09 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 Article IV Consultation with Saudi Arabia discusses that reforms are starting to yield positive results. Oil prices and production have been volatile, and uncertainties in the global oil market continue. Promoting non-oil growth and creating jobs for Saudi nationals remain key challenges. Non-oil growth is expected to strengthen further this year and over the medium term. Risks to the growth outlook are broadly balanced. The fiscal deficit declined in 2018; however, higher government spending has increased medium-term fiscal vulnerabilities to a decline in oil prices. Fiscal consolidation is needed to reduce these vulnerabilities. The fiscal framework should be further strengthened to help reduce the procyclicality of government spending. Reforms to improve the business environment are proceeding but need to be complemented by efforts to increase the cost competitiveness of Saudi labor. Government support to develop sectors of the economy should crowd in the private sector and be timebound and linked to performance.
Download or read book Saudi Arabia s Economy written by Hossein Askari and published by JAI Press(NY). This book was released on 1990 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Saudi Arabia written by International Monetary Fund. Middle East and Central Asia Dept. and published by International Monetary Fund. This book was released on 2015-09-09 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that the rising oil prices and production resulted in large external and fiscal surpluses for Saudi Arabia. Real GDP growth is projected to slow to 2.8 percent in 2015, and then further to 2.4 percent in 2016 as government spending begins to adjust to the lower oil price environment. Nevertheless, government debt is very low and was 1.6 percent of GDP at end-2014. The current account surplus declined to 10.9 percent of GDP in 2014. It is expected to move into a small deficit in 2015 but return to surplus during 2016–20. Over the medium term, growth is expected to be about 3 percent. Inflation is likely to remain subdued.
Download or read book Saudi Arabia Rush to Development written by Ragaei El Mallakh and published by . This book was released on 1982 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt:
