2020
DOI: 10.32479/ijeep.9709
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Determinants of Diversification from Oil Sector in Saudi Arabia

Abstract: Saudi Arabia targets diversification policy in the Vision 2030. This study estimates the production, exports, government revenue, investment and employment diversification indices and also finds its determinants. Increasing inflation promotes the production and export diversification and depresses the investment, government revenue and employment diversification. The depreciation policy encourages the government revenue diversification and reduces investment and employment diversification. Foreign Direct Inves… Show more

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Cited by 6 publications
(1 citation statement)
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“…The hydrocarbon sector is greatly affected by demand and characterized by instability (13). Producers cannot control fuel prices in these circumstances, and this is what the world exposed to in the years 1997, 2001, 2008, 2014, and 2019-2020 after the epidemic that struck the whole world (14,15). Therefore, the price of oil fell to its lowest level two decades or more ago.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The hydrocarbon sector is greatly affected by demand and characterized by instability (13). Producers cannot control fuel prices in these circumstances, and this is what the world exposed to in the years 1997, 2001, 2008, 2014, and 2019-2020 after the epidemic that struck the whole world (14,15). Therefore, the price of oil fell to its lowest level two decades or more ago.…”
Section: Literature Reviewmentioning
confidence: 99%