| Description |
1 online resource (62 pages) : color illustrations |
| Series |
IMF country report ; no. 12/272 |
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IMF country report ; no. 12/272.
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| Contents |
Cover; Contents; I. Realizing Growth Objectives: Transitioning from Factor Accumulation to Productivity Improvement; A. Introduction; B. Trends in GDP and its Inputs; C. Growth Accounting; D. Sectoral Reallocation, Economic Diversification, and the Demands Ahead; References; II. Jobs for the Future: Boosting Private Sector Employment and Competitiveness; A. Introduction; B. Labor Market Trends; C. Role of Foreign Labor; D. Labor Market Initiatives; E. Concluding Remarks; References; III. External Linkages and Policy Constraints in Saudi Arabia; A. Introduction |
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B. Business Cycles and Global Oil PricesC. Fiscal Policy and Oil Revenue Volatility; D. Financial Deepening and Monetary Policy; E. Conclusion; References; IV. Global Interconnectedness: Economic Spillovers to and from Saudi Arabia; A. Introduction; B. International Linkages; C. A GVAR Estimation of Spillovers; References; Tables; I.1. Output and Employment by Sector, 1989-2009; II.1. Main Immigrant Receiving Countries in the World; II.2. Effect of Remittance Outflows on the REER, 1980-2009; III.1. Relevance of External Factors for the Non-oil Economy |
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III.2. Volatility and Correlation of Oil Revenue, Spending and Non-oil GrowthIII.3. The Impact of LIBOR on Credit and Inflation; IV.1. Variables Specification of the Country-Specific VARX* Models; IV.2. Trade Weights with Saudi Arabia Based on Direction of Trade Statistics, 2006-08; Figures; I.1. Trends in GDP and Factor Inputs, 1970-2011; I.2. Real GDP Growth, 1970-2009; I.3. Non-oil Investment, 1985-2011; I.4. Working Age Population Growth, 1970-2009; I.5. Growth Decomposition, 1970-2010; I.6. Cross-Country Growth Patterns, 1970-2009; I.7. TFP Growth, 1990-2009 |
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I.8. Growth in Non-oil GDP, 1980-2009I.9. Non-oil Exports, 1985-2010; I.10. Decomposition of Labor Productivity, 1990-2009; I.11. Diversification and Growth, 1980-2009; II.1. Size of Saudi Labor Force by Gender, 2000-09; II.2. Unemployment Rates for Saudi Nationals Aged 15+ by Gender, 2000-09; II.3. Unemployment Rate by Age Group, 2000-09; II.4. Employment by Sector, 2000-09; II.5. Saudi Employees by Sector and Education Status, 2009; II.6. Total Employment by Nationality and Education Status, 2009; II.7. Saudi to Non-Saudi Monthly Wages in the Private Sector by Education, 2009 |
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II.8. Average Monthly General Public Sector Wages, 2010II.9. Remittance Outflows and REER, 1990-2009; II.10. SME Loans (Average), 2005-09; II.11. Number of Trainees Enrolled, 2001-09; III.1. Cyclical GDP of the United States and Saudi Arabia, 1980-2010; III.2. Cyclical GDP of Developing Asia and Saudi Arabia, 1980-2010; III.3. Oil Price and Saudi Arabia Non-oil GDP, 1980-2010; III.4. Credit by Commercial Banks; III.5. Credit by Specialized Credit Institutions; III.6. Response of Non-oil GDP to a One Standard Deviation Real Credit Shock (1980-1995) |
| Summary |
This chapter reviews developments in GDP over the past several decades. The analysis shows that accumulation of labor and capital explains the bulk of overall output growth since 1990, with changes in total factor productivity playing only a minor role. Moreover, while increases in total factor productivity (TFP) during 1990-2009 have been close to the worldwide average, the pace of TFP growth fell during the 2000s. This suggests scope for increasing the efficiency of factor markets and highlights the importance of recent reforms to promote knowledge-based activity |
| Notes |
Title from PDF title page (IMF Web site, viewed Sept. 18, 2012) |
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"Prepared by Ghada Fayad [and three others]"--Page 2 of pdf |
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"September 2012." |
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"June 13, 2012"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references |
| Subject |
Industrial productivity -- Saudi Arabia
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Economic development -- Saudi Arabia
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Labor market -- Saudi Arabia
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Competition -- Saudi Arabia
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BUSINESS & ECONOMICS -- Industries -- General.
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Competition
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Economic development
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Industrial productivity
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International economic relations
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Labor market
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| SUBJECT |
Saudi Arabia -- Foreign economic relations
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| Subject |
Saudi Arabia
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| Form |
Electronic book
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| Author |
Fayad, Ghada, 1981-
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International Monetary Fund.
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| ISBN |
9781475511376 |
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147551137X |
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