Open AccessSaudi Non-oil Exports Before and After COVID-19: Historical Impacts of Determinants and Scenario Analysis.
Author(s) -
Fakhri Hasanov,
Fred Joutz,
Muhammad Arshad Javid
Publication year - 2021
Language(s) - English
Resource type - Reports
DOI - 10.30573/ks--2021-dp09
Subject(s) - diversification (marketing strategy) , oil supply , covid-19 , economics , econometrics , business , engineering , petroleum engineering , marketing , medicine , disease , pathology , infectious disease (medical specialty)
The diversification of the non-oil sector, including its exports, is at the core of Saudi Vision 2030. This study investigates Saudi non-oil exports in a novel way. Specifically, it differs from previous studies on this topic owing to its modeling framework. This study’s modeling framework first estimates the non-oil export equation, which allows us to examine the historical impacts of theoretically articulated demand- and supply-side determinants on non-oil exports. This is done using Autometrics, a state-of-the-art algorithm for computer-automated model selection in the general-to-specific modeling strategy framework, with super saturation.