Oil Price and Employment Nexus in Saudi Arabia

Volume: 7 Number: 3 September 1, 2017
  • Tarek Tawfik Yousef Alkhateeb
  • Haider Mahmood
  • Zafar Ahmad Sultan
  • Nawaz Ahmad
International Journal of Energy Economics and Policy Cover
International Journal of Energy Economics and Policy
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Oil Price and Employment Nexus in Saudi Arabia

Abstract

Higher oil price is a signal of economic growth in Saudi Arabia due to her heavy dependence on oil revenues. This study has perused the relationship between oil price and employment in Saudi Arabia by using sample period of 1980-2015 and by utilizing the linear and non-linear autoregressive distributed lag (ARDL) models. We have found a positive influence of oil price on employment level in both linear and non-linear ARDL settings. Further, employment effects of increasing and decreasing oil price are found asymmetrical in the non-linear ARDL and we have also found that increasing oil price is positively affecting employment more than declining employment due to fall in oil price. Further, economic growth supports employment significantly. This study recommends the government of Saudi Arabia to save oil revenues in time of prosperity to support employment level in the oil price crisis period.

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Tarek Tawfik Yousef Alkhateeb This is me

Haider Mahmood This is me

Zafar Ahmad Sultan This is me

Nawaz Ahmad This is me

Publication Date

September 1, 2017

Submission Date

September 1, 2017

Acceptance Date

-

Published in Issue

Year 2017 Volume: 7 Number: 3

IZ

https://izlik.org/JA88HX74UE

Cite

RIS / Bibtex
APA
Alkhateeb, T. T. Y., Mahmood, H., Sultan, Z. A., & Ahmad, N. (2017). Oil Price and Employment Nexus in Saudi Arabia. International Journal of Energy Economics and Policy, 7(3), 277-281. https://izlik.org/JA88HX74UE
AMA
1.Alkhateeb TTY, Mahmood H, Sultan ZA, Ahmad N. Oil Price and Employment Nexus in Saudi Arabia. IJEEP. 2017;7(3):277-281. https://izlik.org/JA88HX74UE
Chicago
Alkhateeb, Tarek Tawfik Yousef, Haider Mahmood, Zafar Ahmad Sultan, and Nawaz Ahmad. 2017. “Oil Price and Employment Nexus in Saudi Arabia”. International Journal of Energy Economics and Policy 7 (3): 277-81. https://izlik.org/JA88HX74UE.
EndNote
Alkhateeb TTY, Mahmood H, Sultan ZA, Ahmad N (September 1, 2017) Oil Price and Employment Nexus in Saudi Arabia. International Journal of Energy Economics and Policy 7 3 277–281.
IEEE
[1]T. T. Y. Alkhateeb, H. Mahmood, Z. A. Sultan, and N. Ahmad, “Oil Price and Employment Nexus in Saudi Arabia”, IJEEP, vol. 7, no. 3, pp. 277–281, Sept. 2017, [Online]. Available: https://izlik.org/JA88HX74UE
ISNAD
Alkhateeb, Tarek Tawfik Yousef - Mahmood, Haider - Sultan, Zafar Ahmad - Ahmad, Nawaz. “Oil Price and Employment Nexus in Saudi Arabia”. International Journal of Energy Economics and Policy 7/3 (September 1, 2017): 277-281. https://izlik.org/JA88HX74UE.
JAMA
1.Alkhateeb TTY, Mahmood H, Sultan ZA, Ahmad N. Oil Price and Employment Nexus in Saudi Arabia. IJEEP. 2017;7:277–281.
MLA
Alkhateeb, Tarek Tawfik Yousef, et al. “Oil Price and Employment Nexus in Saudi Arabia”. International Journal of Energy Economics and Policy, vol. 7, no. 3, Sept. 2017, pp. 277-81, https://izlik.org/JA88HX74UE.
Vancouver
1.Tarek Tawfik Yousef Alkhateeb, Haider Mahmood, Zafar Ahmad Sultan, Nawaz Ahmad. Oil Price and Employment Nexus in Saudi Arabia. IJEEP [Internet]. 2017 Sep. 1;7(3):277-81. Available from: https://izlik.org/JA88HX74UE