The impacts of the International Financial Crisis on Saudi Arabia's Economy: Evidence from Asymmetric SVAR modelling

Hassan Ghassan (), Hassan R. Alhajhoj and Mohammed A. Kbiri

MPRA Paper from University Library of Munich, Germany

Abstract: This paper aims to measure the impacts of the International Financial Crisis on the performance of the Saudi Arabian economy from 1968 to 2010. Linear and non-linear SVAR methodologies are used to exhibit the interdependence between the process of international liquidity, net exports, and economic growth. The empirical models show that the impacts of the international financial crisis led to an immediate drop in net exports and reduce gradually the real economic growth during roughly three years. On the horizon, the variation in economic growth is largely attributed to domestic supply shocks, but negative shocks of international financial markets drove to reduce the economic growth in the long run by 1.04%. Official URL is https://www.lifescienceglobal.com/pms/index.php/jrge/article/view/1488/pdf_5

Keywords: Financial Crisis; International Liquidity; Asymmetric SVAR Model; Saudi Arabia. (search for similar items in EconPapers)
JEL-codes: C51 E22 E44 G15 (search for similar items in EconPapers)
Date: 2013-06-07, Revised 2013-09-26
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Journal Article: The impacts of International Financial Crisis on Saudi Arabia Economy: Evidence from Asymmetric SVAR modelling (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:122987

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