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Saudi Arabia: Selected Issues

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  • International Monetary Fund

Abstract

This chapter reviews developments in GDP over the past several decades. The analysis shows that accumulation of labor and capital explains the bulk of overall output growth since 1990, with changes in total factor productivity playing only a minor role. Moreover, while increases in total factor productivity (TFP) during 1990-2009 have been close to the worldwide average, the pace of TFP growth fell during the 2000s. This suggests scope for increasing the efficiency of factor markets and highlights the importance of recent reforms to promote knowledge-based activity.

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  • International Monetary Fund, 2012. "Saudi Arabia: Selected Issues," IMF Staff Country Reports 2012/272, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2012/272
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    1. Filippo di Mauro & L. Vanessa Smith & Stephane Dees & M. Hashem Pesaran, 2007. "Exploring the international linkages of the euro area: a global VAR analysis," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(1), pages 1-38.
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    Cited by:

    1. Ms. Pritha Mitra & Amr Hosny & Gohar Abajyan & Mr. Mark Fischer, 2015. "Estimating Potential Growth in the Middle East and Central Asia," IMF Working Papers 2015/062, International Monetary Fund.
    2. International Monetary Fund, 2016. "Saudi Arabia: Selected Issues," IMF Staff Country Reports 2016/327, International Monetary Fund.

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