NDLI: The Effect of Oil Price Shocks on Economic Activity in Saudi Arabia: Econometric Approach

Content Provider	Scilit
Author	Algahtani, Goblan J
Copyright Year	2016
Description	This paper is attempt to investigate the effect of oil price shocks on the Saudi's economic activity using annual data (1970-2015) to cover all of oil price shocks; particularly the recent decline in oil prices amid 2014. The vector autoregressive (VAR) and vector error correction model (VECM) were utilized to investigate the long-run and the short-run relationships between variables. The findings suggest a positive and significant relationship between oil prices and the Saudi's GDP in the long run.
e-ISSN	27905187
DOI	10.5539/ijbm.v11n8p124
Journal	International Journal of Business and Management
Issue Number	8
Volume Number	11
Language	English
Publisher	Canadian Center of Science and Education
Publisher Date	2016-07-20
Access Restriction	Open
Subject Keyword	Development Studies Oil Price Price Shocks Saudi's
Content Type	Text
Resource Type	Article

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