IDEAS home Printed from https://ideas.repec.org/a/ibn/ijefaa/v17y2025i5p26.html
   My bibliography  Save this article

Navigating Economic Growth in Saudi Arabia: A Comparative Study of Public and Private Investment Over Four Decades

Author

Listed:
  • Manal M. Alghamdi
  • Fatimah M. Alshamry

Abstract

This study investigates the impact of private and public investments on non-oil economic growth in Saudi Arabia. Analyzing data from 1980 to 2022 and employing a co-integration approach to identify significant relationships between non-oil GDP and various macroeconomic variables, we find that private investment significantly influences economic growth compared to public investment. Factors such as efficiency, privatization initiatives, and market responsiveness contribute to this result. Policymakers should prioritize creating an enabling environment for private sector development, fostering innovation, enhancing access to finance, and promoting entrepreneurship. Additionally, policies targeting public investment should complement private sector initiatives, fostering an environment where both sectors thrive and contribute to sustained growth. This study underscores the importance of research-based policy approaches that leverage the strengths of each sector to maximize economic potential and optimize resource allocation.

Suggested Citation

  • Manal M. Alghamdi & Fatimah M. Alshamry, 2025. "Navigating Economic Growth in Saudi Arabia: A Comparative Study of Public and Private Investment Over Four Decades," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 17(5), pages 1-26, May.
    • Handle: RePEc:ibn:ijefaa:v:17:y:2025:i:5:p:26
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ijef/article/download/0/0/51571/56050
    Download Restriction: no
    File URL: https://ccsenet.org/journal/index.php/ijef/article/view/0/51571
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ijefaa:v:17:y:2025:i:5:p:26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.