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The economic efficiency analysis of Saudi Arabia

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  • Abdullah Alkarashi
  • Mark Rajai
  • Kouroush Jenab

Abstract

In this study, the authors measured Saudi Arabia's long-term economic efficiency in light of total factor productivity (TFP) using seven economic measurements. Measuring long-term input versus output in a country's economy could provide sufficient data for measuring the efficiency in that economy in comparison to other economies. This study compared Saudi Arabia's long-term economic efficiency versus Turkey, Malaysia, Israel and the USA, as a benchmark. Ultimately, Saudi Arabia falls behind other nations in all seven measurements, which is a significant inefficiency in the Kingdom's economy. Analysing solutions such as improving energy efficiency, privatisation, education, governance and transparency are discussed in this paper.

Suggested Citation

  • Abdullah Alkarashi & Mark Rajai & Kouroush Jenab, 2014. "The economic efficiency analysis of Saudi Arabia," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 7(5), pages 565-576.
    • Handle: RePEc:ids:ijbexc:v:7:y:2014:i:5:p:565-576
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    Cited by:

    1. Shraddha Mishra & Raj Kumar, 2016. "Investigation of overvalued and undervalued stocks: the case of BSE Sensex," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 10(2), pages 177-189.

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