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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.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 Markets47enThe Impact of the Capital Account Liberalization on the Economic Growth of the Kingdom of Saudi ArabiaThesis