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Resilience of Saudi Arabia’s Economy to Oil Shocks: Effects of Economic Reforms

Author

Listed:
  • Hossa Almutairi
  • Marzio Galeotti
  • Baltasar Manzano
  • Axel Pierru

    (King Abdullah Petroleum Studies and Research Center)

Abstract

We assess the extent to which the implementation of Saudi Vision 2030 policies enhances the Saudi economy’s resilience to oil price and production shocks, and to the productivity of tradable and non-tradable goods. We extend Blazquez et al.’s (2021) dynamic stochastic general equilibrium model to capture the country’s economic diversification policies and build a resilience index based on impulse responses to shocks.

Suggested Citation

  • Hossa Almutairi & Marzio Galeotti & Baltasar Manzano & Axel Pierru, 2022. "Resilience of Saudi Arabia’s Economy to Oil Shocks: Effects of Economic Reforms," Discussion Papers ks--2022-dp13, King Abdullah Petroleum Studies and Research Center.
  • Handle: RePEc:prc:dpaper:ks--2022-dp13
    DOI: 10.30573/KS--2022-DP13
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    Keywords

    Applied general model; Discount rate; Discounting;
    All these keywords.

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