Economic Growth and Government Spending in Saudi Arabia: an Empirical Investigation
Author/Editor: Saad A. Alshahrani, Ali J. Alsadiq
Release Date: © January, 2014
ISBN
: 978-1-48434-959-5
Stock #: WPIEE2014003
English
Languages and formats available
English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
Paperback | Yes | ||||||
Yes | |||||||
ePub | Yes | ||||||
Mobipocket | Yes |
Description
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.
More publications in this series: Working Papers
More publications by: Saad A. Alshahrani ; Ali J. Alsadiq