Saudi Cultural Missions Theses & Dissertations
Permanent URI for this communityhttps://drepo.sdl.edu.sa/handle/20.500.14154/10
Browse
1 results
Search Results
Item Restricted How Inflation Affects Productivity in Oil and Non-Oil Economies? (Comparative Study between Saudi Arabia and United Kingdom)(University of Essex, 2024) Alamer, Abdullah; Reisinezhad, ArshamThis study empirically analyses the relationship between total factor productivity (TFP) and inflation for the period 1989-2019 in an oil producing country (Saudi Arabia) and non-oil country (UK) to understand how the relationship is different in different economic contexts. The study employed ARDL Bound testing approach with GDP growth, unemployment and crude oil prices as control variables. The study found that in both Saudi Arabia and UK inflation has a negative impact on productivity and vice versa, however the relationship is significant in UK but not Saudi Arabia. TFP and inflation have a causal relationship with each other in both oil and non-oil countries. Policymakers should focus on economic diversification strategies in oil-dependent countries and adopt policies to enhance productivity through sustainable energy resources in non-oil countries to mitigate the impact of inflation on productivity.12 0