Document Details
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Document Type |
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Thesis |
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Document Title |
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The Impact of Changes in Oil Prices on Economic Growth In the Kingdom of Saudi Arabia Econometric Study 1990- 2020 AD أثر التغيرات في أسعار النفط على النمو الاقتصادي في المملكة العربية السعودية دراسة قياسية خلال الفترة الزمنية 1990 – 2020 م |
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Subject |
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Faculty of Economics and Management |
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Document Language |
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Arabic |
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Abstract |
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This study aimed to measure the impact of direct changes in oil prices and economic growth, as well as the impact of direct changes in oil prices on the components of the Kingdom's GDP during the period 1990-2020. to achieve those goals; It has used two scientific approaches: the analytical approach, which aims to analyse data, to assess the effects of global oil prices on Saudi Arabia's macroeconomic indicators, while the other is based on the standard curriculum, through the use of economic models and the assessment of appropriate parameters, to test the study hypotheses in the short and long term.The study also used the ARDL Co-integration methodology, using the statistical program EViews version 12. It had reached a number of important results, most notably: there was a positive impact on Saudi Arabia's short-term economic growth of direct changes in oil prices. Direct changes in oil prices also have an impact on GDP components of Saudi Arabia in the short term. Those components were limited to industrial investment, oil revenues and net trade balance. On the other hand, it found that absolute global oil prices would be a factor influencing the economic growth in the kingdom, and that fluctuations in global oil prices would gradually reduce their impact in the long term. While the net trade balance will continue to affect the economic growth of Saudi Arabia in the long run. Finally, the study presents a set of recommendations, which are geared towards reducing the effects of price fluctuations on the Kingdom's economic growth. including the emphasis on continuing to address structural imbalances in the Saudi economy, Changing economic sectors' contribution to GDP and ensuring diversification of the economic base, as well as relying on more diversified fiscal policies, capable of further diversifying the State's domestic income sources, Continue to orient fiscal policy towards investment spending and focus on the role of the Public Investment Fund in supporting industrial investment in the Kingdom.
Key word: Price changes, Oil, Economic growth, Macroeconomics, KSA. |
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Supervisor |
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Dr. Bassam Ibrahim Bin Sultan |
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Thesis Type |
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Master Thesis |
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Publishing Year |
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1444 AH
2022 AD |
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Added Date |
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Monday, February 27, 2023 |
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Researchers
| عبد الرحمن محمد الزهراني | Alzahrani, Abdulrahman Mohammed | Researcher | Master | |
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