Saudis and Expats: An Agent-Based Model of the Saudi Arabian Labor Market

Davoud Taghawi-Nejad ()
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Davoud Taghawi-Nejad: ESD University, Massachusetts Institute of Technology

A chapter in Advances in Artificial Economics, 2015, pp 139-149 from Springer

Abstract: Abstract Saudi Arabia like the other states of the Arabian Peninsula faces an unprecedented challenge: How to transform an economy that was largely driven by foreign labor, that was bought with oil money, into an economy that employs its own people and that creates wealth without depleting its oil wealth. The challenge to ‘Sauditize’ the economy cannot be guided by past experiences in other countries, simply because there are none.

Keywords: Labor Market; Minimum Wage; Saudi Arabia; Kriging Model; Reservation Wage (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-319-09578-3_12

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DOI: 10.1007/978-3-319-09578-3_12

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