Saudi Cultural Missions Theses & Dissertations
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Item Restricted The Impact of Export Diversification on Economic Growth and its Determinants - Case of Saudi Arabia(University of Glasgow, 2023-09-13) Alajmi, Turki; Potlogea, AndreiThe Kingdom of Saudi Arabia has undergone significant economic transformation in the last few decades due to its oil and gas deposits which have earned the country significant foreign exchange. As the country's sustained economic growth and development continue, there is growing concern over its dependence on oil and gas as their primary source of income. Furthermore, the country earns significantly more income to influence further, its economic growth and development in other industries. Additionally, the global call for a significant reduction on the reliance of fossil-fuel to reverse the emission of greenhouse gases; particularly the hydrocarbon gasses also justify the need for Saudi Arabia to diversify or explore additional options for their long-term economic sustainability. This study aims to explore the impact of export diversification on the economic growth of Saudi Arabia during the time period, 1993-2022. It also identifies the significant determinants of export diversification during these three decades. For empirical analysis, the study has utilized Johansen Cointegration on the time series data. The findings of this study vindicate that export diversification has a positive impact on economic growth in the long run while it has no significant relationship with GDP per capita in the short run. I also established that domestic investment and trade openness are positively associated with export diversification while labor force and population growth have negative association in the long run. However, only domestic investment positively affects the export diversification in the short run.16 0Item Restricted THE ROLES OF INTENSIVE AND EXTENSIVE EXPORT DIVERSIFICATION ON ECONOMIC GROWTH AND FEMALE LABOR FORCE PARTICIPATION(2023-04-06) Binmahfuth, Wafa Naif; Morshed, MahbubThis dissertation is divided into three chapters, and each focuses on export diversification, a crucial economic issue, particularly for emerging nations. In the first chapter, we examine the role of intensive and extensive export diversification in the macroeconomy, and thus we analyze the effects of different forms of export diversification on economic growth, growth volatility, and export volatility. We use cross-section and time series techniques for our panel data set from 118 countries for the period 1970 to 2019. We analyzed the impact and nature of the relationship between export diversification and economic growth by employing the system Generalized Method of Moments (GMM) estimation technique and export diversification measured by the Theil index, and we find that export diversification has a positive and significant effect on economic growth. In the second chapter, we examine the effects of export diversification on female labor force participation (FLFP) using data from 118 countries over the period (1990-2019). We also focus on what type of export diversification increases employment opportunities for women in developing and emerging economies. We find that the introduction of new products in the export basket (extensive export diversification) imparts stronger effects on female labor force participation. In the third chapter, we examine the macroeconomic performances of the KSA and the UAE focusing on the roles of export diversification. It is observed that the UAE made significant progress in diversifying its export basket compared to that of the KSA. Even during the 1990s, these two-dominant oil-producing countries were very close in terms of export concentration. The two countries are geographically and historically similar, but the UAE moved in a different direction in diversifying its economy in 2000 while the KSA has recently taken steps to promote export diversification in order to achieve stable economic growth. This suggests that a comparison of KSA and UAE growth performance over the 1990-2019 period would inform us about the growth and export diversification relationship. We find that the KSA can benefit more from the introduction of more goods/services to its export basket than the UAE.38 0