IDEAS home Printed from https://ideas.repec.org/a/ibn/assjnl/v14y2018i12p192.html
   My bibliography  Save this article

Economic Growth of Saudi Arabia Between Present and Future According to 2030 Vision

Author

Listed:
  • Hanaa Abdelaty Hasan Esmail

Abstract

Saudi Arabia follows a development strategy depending on many factors generating income, such as increasing non-oil investments, production and manufacturing for exports. Investing contributes mainly to diversify sources of income and generate more jobs where it is expected that the contribution of the private sector will enhance productivity in all sectors. These increased business productivities will increase the percentage annual growth rate to 5.2% in addition to increasing the added value of the oil sector. Saudi Arabia implemented a lot of policies to be out of the oil control on their economies and this is taken up in the previous papers of growth factors in Saudi Arabia until 2014. But due to the need of less dependence on oil revenues and the need to diversify sources of income, especially in the period following the drop-in oil prices, it’s necessary to create added value to the economy of Saudi Arabia, through an econometric model that illustrates oil alternatives income. This paper is based on the analysis of different growth factors after exclusion of oil revenues using the Weighted Least Square.

Suggested Citation

  • Hanaa Abdelaty Hasan Esmail, 2018. "Economic Growth of Saudi Arabia Between Present and Future According to 2030 Vision," Asian Social Science, Canadian Center of Science and Education, vol. 14(12), pages 192-192, December.
    • Handle: RePEc:ibn:assjnl:v:14:y:2018:i:12:p:192
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ass/article/download/0/0/37640/37989
    Download Restriction: no
    File URL: https://ccsenet.org/journal/index.php/ass/article/view/0/37640
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mohammed Al- Mahish, 2017. "Does Balance of Payments Constrained Growth Model Hold in Saudi Arabia?," Journal of Finance and Economics Research, Geist Science, Iqra University, Faculty of Business Administration, vol. 2(1), pages 1-15, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Félix Jiménez, 2018. "Capacidad productiva, cambio técnico y productividad: Estimaciones alternativas del producto de largo plazo," Documentos de Trabajo / Working Papers 2018-454, Departamento de Economía - Pontificia Universidad Católica del Perú.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:assjnl:v:14:y:2018:i:12:p:192. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.