The Role of Imports on the Divergence of the Saudi Arabian Economy from an Oil Based Economy

Abstract

Bu makale, ithalat ile hem Kişi Başına Reel GSYİH hem de Reel GSYİH arasındaki nedensel ilişkileri araştırıyor ve bu değişkenlerin Suudi Arabistan'ın petrol bağımlı bir ekonomiden daha rekabetçi bir ekonomiye geçişini nasıl etkilediğine odaklanıyor. Macrotrends web sitesinden alınan 1968-2022 yılları arasındaki verileri kullanarak, Reel GSYİH, Kişi Başına Reel GSYİH ve temel makroekonomik göstergeler arasındaki bağlantıları incelemek için bir zaman serisi analizi gerçekleştirdik. Analiz, bu değişkenlerin Suudi ekonomisinin artan rekabet gücüne doğru kaymasına olan katkısını vurguluyor. Sonuçlar, ithalatın hem Reel GSYİH hem de Kişi Başına Reel GSYİH üzerinde önemli ve olumlu bir etkiye sahip olduğunu ortaya koyarak, ekonominin daha fazla rekabet gücüne doğru ilerlemesindeki önemli rollerini vurguluyor.

Keywords

• Imports
• Oil-based Economy
• Saudi Arabia
• Macroeconomic Variables
• Time Series

The Role of Imports on the Divergence of the Saudi Arabian Economy from an Oil Based Economy

Abstract

This paper investigates the causal relationships between imports and both Real GDP per capita and Real GDP, focusing on how these variables influence Saudi Arabia's transition from an oil-dependent economy to a more competitive one. Using data from 1968 to 2022 sourced from the Macrotrends website, we conducted a time series analysis to explore the interconnections between Real GDP, Real GDP per capita, and key macroeconomic indicators. The analysis underscores the contribution of these variables to the Saudi economy's shift toward increased competitiveness. The results reveal that imports have a significant and positive effect on both Real GDP and Real GDP per capita, highlighting their crucial role in driving the economy towards greater competitiveness.

Keywords

• Imports
• Oil-based Economy
• Saudi Arabia
• Macroeconomic Variables
• Time Series

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