Saudi Cultural Missions Theses & Dissertations
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Item Restricted The impact of economic diversification under Saudi Arabia's Vision 2030 on its GDP(University of Essex, 2024-09) Aleidan, Abdulaziz Ahmed Abdullah; Sefiloglu, OnurThis study explores the impact of economic diversification initiatives under Saudi Arabia's Vision 2030 on the country's Gross Domestic Product (GDP). Launched in 2016, Vision 2030 aims to reduce Saudi Arabia's reliance on oil by diversifying its economic base through the development of non-oil sectors such as manufacturing, energy, and services. This research utilizes data from the General Authority for Statistics, spanning from 2011 to 2023, to assess changes in the GDP composition and growth patterns. Additionally, it incorporates comparative data from the International Monetary Fund (IMF) for other GCC countries to evaluate Saudi Arabia's performance relative to its regional peers. Employing a comprehensive econometric analysis, which includes multiple regression models and this comparative perspective, the study examines the contributions of various sectors to GDP growth and evaluates the effectiveness of the government's strategic policies in facilitating economic diversification. The findings indicate that non-oil sectors have increasingly contributed to GDP, with manufacturing emerging as a key driver, thus highlighting a successful shift towards a more diversified economic structure. This shift has significant implications for other oil-dependent economies considering similar diversification strategies11 0Item Restricted Evaluating the Effectiveness of Unconventional Monetary Policy Measures in the Global Financial Crisis and COVID- 19 Periods(Newcastle Unversity, 2024-06-18) Al jarah, Khaled; Stancu, AndreiThis study examines unconventional monetary policy's (UMP) efficacy on the U.S. economy during the Great Financial Crisis and the COVID-19 pandemic. Given the popularity of these policies during the recent COVID-19 pandemic, it is essential to examine how they support economic recovery. Utilising both ordinary least squares (OLS) and VAR models, the present study examined if the announcement of unconventional monetary policies helped to forestall the deterioration of the U.S. economy following the respective crisis. The study found the following using data spanning 2005 and 2023 and covering two of the most devastating crises in recent history (GFC and COVID-19). First, the announcement of UMPs during the GFC and COVID-19 pandemic did not significantly impact several macroeconomic variables in a cross-sectional context. Second, the results from the VAR model, which traces the spillover effect following the announcement, indicate that it only negatively affected industrial output, not GDP, CPI, and S&P 500 index. By evaluating research hypotheses and UMP measures' effectiveness, the study adds to the body of literature. In conclusion, our study sheds light on the complex dynamics of UMP in traversing financial crises, offering useful insights for academics, businesses, and regulators.32 0