Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia

İbrahim Muhammad Muye; Rayyan Abdulkareem Kaita; Ahmad Fahmi Sheikh Hassan

Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia

Year 2017, Volume: 7 Issue: 4, 70 - 75, 01.12.2017

İbrahim Muhammad Muye Rayyan Abdulkareem Kaita Ahmad Fahmi Sheikh Hassan

https://izlik.org/JA32AC77DK

Abstract

The objective of this paper is to examine the impact of debt on economic growth in Saudi Arabia based on autoregressive distributed lags (ARDL) approach for the period of 1969–2013. The result indicates that variables are cointegrated and null hypothesis was rejected at the 5% significance level. The coefficients of long-run result reveal that public debt affects economic growth in a positive and statistically significant manner. Furthermore, inflation was found to also enhance economic growth in the oil rich kingdom. Despite the overwhelming evidence in the literature suggesting debt stifles growth, our study recommend that policymakers maintain the current level of debt-to-GDP in the country.

Keywords

Public Debt , Economic Growth , Inflation , Autoregressive Distributed Lags

Year 2017, Volume: 7 Issue: 4, 70 - 75, 01.12.2017

İbrahim Muhammad Muye Rayyan Abdulkareem Kaita Ahmad Fahmi Sheikh Hassan

https://izlik.org/JA32AC77DK

Abstract

There are 0 citations in total.

Details

Other ID	JA44FP37FU
Authors	İbrahim Muhammad Muye This is me Rayyan Abdulkareem Kaita This is me Ahmad Fahmi Sheikh Hassan This is me
Publication Date	December 1, 2017
IZ	https://izlik.org/JA32AC77DK
Published in Issue	Year 2017 Volume: 7 Issue: 4

Cite

APA	Muye, İ. M., Kaita, R. A., & Hassan, A. F. S. (2017). Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia. International Journal of Economics and Financial Issues, 7(4), 70-75. https://izlik.org/JA32AC77DK
AMA	1.Muye İM, Kaita RA, Hassan AFS. Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia. IJEFI. 2017;7(4):70-75. https://izlik.org/JA32AC77DK
Chicago	Muye, İbrahim Muhammad, Rayyan Abdulkareem Kaita, and Ahmad Fahmi Sheikh Hassan. 2017. “Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia”. International Journal of Economics and Financial Issues 7 (4): 70-75. https://izlik.org/JA32AC77DK.
EndNote	Muye İM, Kaita RA, Hassan AFS (December 1, 2017) Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia. International Journal of Economics and Financial Issues 7 4 70–75.
IEEE	[1]İ. M. Muye, R. A. Kaita, and A. F. S. Hassan, “Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia”, IJEFI, vol. 7, no. 4, pp. 70–75, Dec. 2017, [Online]. Available: https://izlik.org/JA32AC77DK
ISNAD	Muye, İbrahim Muhammad - Kaita, Rayyan Abdulkareem - Hassan, Ahmad Fahmi Sheikh. “Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia”. International Journal of Economics and Financial Issues 7/4 (December 1, 2017): 70-75. https://izlik.org/JA32AC77DK.
JAMA	1.Muye İM, Kaita RA, Hassan AFS. Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia. IJEFI. 2017;7:70–75.
MLA	Muye, İbrahim Muhammad, et al. “Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia”. International Journal of Economics and Financial Issues, vol. 7, no. 4, Dec. 2017, pp. 70-75, https://izlik.org/JA32AC77DK.
Vancouver	1.İbrahim Muhammad Muye, Rayyan Abdulkareem Kaita, Ahmad Fahmi Sheikh Hassan. Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia. IJEFI [Internet]. 2017 Dec. 1;7(4):70-5. Available from: https://izlik.org/JA32AC77DK