This paper investigates the effect of oil price shocks on government expenditures on the health and education sectors in Saudi Arabia. Using a quarterly dataset 1990Q1-2017Q2 and employing a non-linear autoregressive distributed lag (NARDL) model, our research shows evidence of a non-linear...

Saudi Arabia, a major oil exporting country, adopted an ambitious plan known as 2030 Vision to diversify its economy through dramatic increases in domestic investment. However, with oil remaining at modest to low prices by recent historical standards, it is important to study the implications of...

This paper investigates the effect of oil price shocks on government expenditures on the health and education sectors in Saudi Arabia. Using a quarterly dataset 1990Q1-2017Q2 and employing a non-linear autoregressive distributed lag (NARDL) model, our research shows evidence of a non-linear...