2022
DOI: 10.5547/01956574.43.3.ssou
|View full text |Cite
|
Sign up to set email alerts
|

Structural Transformation Options of the Saudi Economy Under Constraint of Depressed World Oil Prices

Abstract: We implement the hybrid (energy-economy) recursive-dynamic multisector IMACLIM model with important adaptations to Saudi macroeconomics. We design two scenarios reflecting both the Saudi Vision 2030 economic development program and Nationally Determined Contribution (NDC) to greenhouse gas mitigation: Continuity of previous plans to expand energy-intensive activities under maintained energy-pricing policies, versus Transformation by economic diversification away from hydrocarbon-related activities and fiscal a… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1

Citation Types

0
15
0

Year Published

2022
2022
2024
2024

Publication Types

Select...
5
1

Relationship

1
5

Authors

Journals

citations
Cited by 11 publications
(15 citation statements)
references
References 41 publications
0
15
0
Order By: Relevance
“…Our model maintains three important specifications of Soummane et al (2019) and Soummane et al (2022). We maintain the model's closure and relationship between the trade balance and real effective exchange rate.…”
Section: Methodsmentioning
confidence: 99%
See 4 more Smart Citations
“…Our model maintains three important specifications of Soummane et al (2019) and Soummane et al (2022). We maintain the model's closure and relationship between the trade balance and real effective exchange rate.…”
Section: Methodsmentioning
confidence: 99%
“…These issues include behavior within the oil market (De Santis 2003), the abrogation of trade tariffs (Al-Hawwas 2010) and exchange rate policies (Al-Thumairi 2012). Soummane et al (2019) and Soummane et al (2022) recently developed a CGE model for the Kingdom that acknowledges certain features of the Saudi economy. This model includes administered energy prices within a detailed representation of the energy sector to assess economic diversification outcomes.…”
Section: Energy and Electricity Modeling Using The Cge Frameworkmentioning
confidence: 99%
See 3 more Smart Citations