Anatomy of the Saudi Economy

Abdulaziz M. Aldukheil

Chapter Chapter 1 in Saudi Government Revenues and Expenditures, 2013, pp 7-22 from Palgrave Macmillan

Abstract: Abstract The Saudi economy is large in size but simple in structure. It is best described as a government economy within the frame of a market economy. The government owns and manages the oil and gas sector, the principal driver of the economy. The government provides a variety of public goods and services, including education, healthcare, housing, utilities, loans, subsidies, etc.1 Moreover, the government owns major equity shares in private sector mega joint-stock companies, such as the Saudi Basic Industries Corporation (SABIC) and the Saudi Electricity Company (SEC).2

Keywords: Private Sector; Total Factor Productivity; Government Expenditure; Government Ownership; Private Sector Company (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-34292-8_2

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DOI: 10.1057/9781137342928_2

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