The impact of non-oil exports on economic growth in Saudi Arabia Alfakih Mohammed Ameen1,*, Tabassum Syeda R.2 1 Research Scholar, Department of Economics, Dr. Rafiq Zakaria Collage for Women Aurangabad 2Professor & Head Department of EconomicsDr. Rafiq Zakaria Collage for Women Aurangabad. E-mail: rukhsana.dr1@gmail.com *Corresponding author: Mohammed Ameen Alfakih can be contacted at: schmalfakih83@gmail.com
Online published on 9 April, 2021. Abstract This research aims to measure non-oil exports' impact on economic growth in Saudi Arabia (1970-2018). The data published in the annual reports of the Saudi Arabian Monetary Authority (SAMA) was used. They were using the standard approach through the ARDL model to determine the impact of each of the non-oil exports, consumer spending, and government spending on economic growth represented by the GDP. The results showed there is a Co-integration relationship between the variables, and this means the existence of a long-run equilibrium relationship. The results also revealed a positive and significant impact of non-oil exports on economic growth in Saudi Arabia. The time series is not static at the level. At the same time, it is static and does not contain the root of the unit when taking the first difference for it at the level of significance (5%) except for consumer spending, which is static when taking the second difference. Top Keywords Non-Oil exports, Economic growth, GDP, ARDL, Co-integration. Top |