The Impact of the Capital Account Liberalization on the Economic Growth of the Kingdom of Saudi Arabia
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Date
2025
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of sussex
Abstract
1. Capital Account Liberalization (CAL)
2. Economic Growth
3. Saudi Arabia
4. Gross Domestic Product (GDP)
5. Foreign Direct Investment (FDI)
6. Trade Liberalization
7. Economic Policy
8. Financial Markets
9. Economic Development
10. Investment Climate
11. Macro-economic Stability
12. Vision 2030
13. Oil Dependency
14. Economic Reform
15. Emerging Markets
Description
1. Abstract Summary: This dissertation explores the relationship between capital account liberalization and economic growth in Saudi Arabia, highlighting significant findings from the periods before and after the liberalization.
2. Research Significance: Understanding the impact of capital account policies is crucial for policymakers in Saudi Arabia, especially in the context of Vision 2030, which aims to diversify the economy away from oil dependency.
3. Methodological Insights: The study employs an ex post facto research design, utilizing historical data from 1980 to 2020 to analyze the effects of capital account liberalization on GDP growth.
4. Future Research Directions: Further studies could investigate sector-specific impacts of capital account liberalization, particularly in non-oil sectors, to provide a comprehensive view of economic diversification efforts.
5. Policy Recommendations: The findings suggest that gradual liberalization of the capital account, coupled with strong institutional frameworks, can enhance economic growth and stability.
Keywords
The Impact of the Capital Account Liberalization on the Economic Growth of the Kingdom of Saudi Arabia
Citation
KHALID ALRAYDH ALANAZI, . (2025). *The Impact of the Capital Account Liberalization on the Economic Growth of the Kingdom of Saudi Arabia*. Master’s thesis, University of Sussex, Business School. Supervisor: Dr. Faruk Bhuiyan. Candidate number: 275305.