ما هي طبيعة العلاقة بين الإنفاق الحكومي والإستثمار الخاص في الإقتصاد السعودي؟

What is the Nature of the Relationship between Government Spending and Private Investment in Saudi Arabia?

Hassan Ghassan () and Hassan R. Alhajhoj

MPRA Paper from University Library of Munich, Germany

Abstract: This paper aims to study the relationship between the Government Spending and the private investment in non-oil sectors of Saudi economy through the crowding-out effect during the last four decades. We use the Box-Cox transformation as a specification and the tests of cointegration and causality and the recursive maximum likelihood test. The findings exhibit that the crowding-out effect is verified in Saudi Arabia economy through the investment spending of the government institutions vis-à-vis the institutions of the private sector, meanwhile the results show that the government infrastructure spending supports the increase of the private investments.

Keywords: Crowding-out; Private Investment; Government Investment; Box-Cox Transformation; Saudi Arabia. (search for similar items in EconPapers)
JEL-codes: C5 E2 H5 (search for similar items in EconPapers)
Date: 2008-05-24, Revised 2009-01-11
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https://mpra.ub.uni-muenchen.de/56377/1/MPRA_paper_56377.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/80675/1/MPRA_paper_56377.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/80675/9/MPRA_paper_80675.pdf revised version (application/pdf)

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