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

Cilt: 7 Sayı: 4 1 Aralık 2017
  • İbrahim Muhammad Muye
  • Rayyan Abdulkareem Kaita
  • Ahmad Fahmi Sheikh Hassan
International Journal of Economics and Financial Issues Kapak
International Journal of Economics and Financial Issues
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Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia

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

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

İbrahim Muhammad Muye Bu kişi benim

Rayyan Abdulkareem Kaita Bu kişi benim

Ahmad Fahmi Sheikh Hassan Bu kişi benim

Yayımlanma Tarihi

1 Aralık 2017

Gönderilme Tarihi

1 Aralık 2017

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2017 Cilt: 7 Sayı: 4

IZ

https://izlik.org/JA32AC77DK

Kaynak Göster

RIS / Bibtex
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, ve 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 (01 Aralık 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, ve A. F. S. Hassan, “Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia”, IJEFI, c. 7, sy 4, ss. 70–75, Ara. 2017, [çevrimiçi]. Erişim adresi: 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 (01 Aralık 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, vd. “Debt and Economic Growth in an Oil Rich Economy: Evidence from Saudi Arabia”. International Journal of Economics and Financial Issues, c. 7, sy 4, Aralık 2017, ss. 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]. 01 Aralık 2017;7(4):70-5. Erişim adresi: https://izlik.org/JA32AC77DK