IMF Staff Country Reports

Saudi Arabia: Selected Issues

September 18, 2012

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Saudi Arabia: Selected Issues, (USA: International Monetary Fund, 2012) accessed October 10, 2024

Also available in: العربية

Summary

This chapter reviews developments in GDP over the past several decades. The analysis shows that accumulation of labor and capital explains the bulk of overall output growth since 1990, with changes in total factor productivity playing only a minor role. Moreover, while increases in total factor productivity (TFP) during 1990-2009 have been close to the worldwide average, the pace of TFP growth fell during the 2000s. This suggests scope for increasing the efficiency of factor markets and highlights the importance of recent reforms to promote knowledge-based activity.

Subject: Employment, Labor, Oil prices, Oil, gas and mining taxes, Prices, Production, Taxes, Total factor productivity

Keywords: Asia and Pacific, Business cycle correlation, C. fiscal policy, Caribbean, CR, Cyclical GDP, D. labor market initiative, Dutch disease, Employment, Gas and mining taxes, Global, Impulse response, ISCR, Middle East, Oil, Oil GDP, Oil price, Oil prices, One-standard error GDP Shock, Price, Private-sector employment, TFP growth, Total factor productivity

Publication Details

  • Pages:

    62

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2012/272

  • Stock No:

    1SAUEA2012004

  • ISBN:

    9781475510621

  • ISSN:

    1934-7685

Notes