Structural transformation and impact of oil price change in Saudi Arabia economy : input-output structural decomposition analysis
Other Title(s)
التحول الهيكلي و تأثير تغير أسعار النفط في الاقتصاد السعودي : تحليل التحلل الهيكلي المدخلات و المخرجات
Joint Authors
Yasamin, Tahirah
al-Rifai, Ghalib A.
Eletter, Shuruq
Source
Scientific Journal of King Faisal University : Basic and Applied Sciences
Issue
Vol. 21, Issue 2 (31 Dec. 2020), pp.7-14, 8 p.
Publisher
Publication Date
2020-12-31
Country of Publication
Saudi Arabia
No. of Pages
8
Main Subjects
Abstract EN
Structural change and economic growth processes have various impacts on both the micro and macroeconomic levels.
The current study aims to shed light on various aspects of sectoral changes in the Saudi Arabian economy due to oil price shocks, which have profound effects on economic growth in various sectors.
This paper re-attempts to explore the various sectoral changes by using an input–output structural decomposition analysis for 2010 to 2015.
The main focus is on changes in the economic structure of Saudi Arabia, which has been divided into three components –intermediate, technical, and total output – with different levels and plans.
The main findings show that since 2010 there has been a remarkable change in the production process and sectoral performance.
From a policy perspective, it seems that the economy has advanced fast enough and displayed changes oriented by new policies and diversification plans.
Moreover, the economy may show dynamic sustainable economic development, especially with new fiscal plans.
Educational development is also one of the key initiatives in Saudi Arabia to enhance economic performance with structural change.
American Psychological Association (APA)
Yasamin, Tahirah& al-Rifai, Ghalib A.& Eletter, Shuruq. 2020. Structural transformation and impact of oil price change in Saudi Arabia economy : input-output structural decomposition analysis. Scientific Journal of King Faisal University : Basic and Applied Sciences،Vol. 21, no. 2, pp.7-14.
https://search.emarefa.net/detail/BIM-1280832
Modern Language Association (MLA)
Yasamin, Tahirah…[et al.]. Structural transformation and impact of oil price change in Saudi Arabia economy : input-output structural decomposition analysis. Scientific Journal of King Faisal University : Basic and Applied Sciences Vol. 21, no. 2 (Dec. 2020), pp.7-14.
https://search.emarefa.net/detail/BIM-1280832
American Medical Association (AMA)
Yasamin, Tahirah& al-Rifai, Ghalib A.& Eletter, Shuruq. Structural transformation and impact of oil price change in Saudi Arabia economy : input-output structural decomposition analysis. Scientific Journal of King Faisal University : Basic and Applied Sciences. 2020. Vol. 21, no. 2, pp.7-14.
https://search.emarefa.net/detail/BIM-1280832
Data Type
Journal Articles
Language
English
Notes
Record ID
BIM-1280832