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The impacts of the International Financial Crisis on Saudi Arabia's Economy: Evidence from Asymmetric SVAR modelling

Author

Listed:
  • Ghassan, Hassan Belkacem
  • Alhajhoj, Hassan R.
  • Kbiri, Mohammed A.

Abstract

This paper aims to measure the impacts of the International Financial Crisis on the performance of the Saudi Arabian economy from 1968 to 2010. Linear and non-linear SVAR methodologies are used to exhibit the interdependence between the process of international liquidity, net exports, and economic growth. The empirical models show that the impacts of the international financial crisis led to an immediate drop in net exports and reduce gradually the real economic growth during roughly three years. On the horizon, the variation in economic growth is largely attributed to domestic supply shocks, but negative shocks of international financial markets drove to reduce the economic growth in the long run by 1.04%. Official URL is https://www.lifescienceglobal.com/pms/index.php/jrge/article/view/1488/pdf_5

Suggested Citation

  • Ghassan, Hassan Belkacem & Alhajhoj, Hassan R. & Kbiri, Mohammed A., 2013. "The impacts of the International Financial Crisis on Saudi Arabia's Economy: Evidence from Asymmetric SVAR modelling," MPRA Paper 122987, University Library of Munich, Germany, revised 26 Sep 2013.
    • Handle: RePEc:pra:mprapa:122987
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    File URL: https://mpra.ub.uni-muenchen.de/122987/1/MPRA_paper_122987.pdf
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    More about this item

    Keywords

    Financial Crisis; International Liquidity; Asymmetric SVAR Model; Saudi Arabia.;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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