Asymmetric impacts of oil price shocks on government expenditures: Evidence from Saudi Arabia

Cogent Economics & Finance

Rehab A. Osman¹  Heba Ahmed¹  Hany Abdel-Latif² 

[1] Qassim University;Swansea University;

关键词: oil shocks;    government expenditures;    health sector;    education sector;    nardl model;    saudi arabia;   

DOI  :  10.1080/23322039.2018.1512835

来源: DOAJ

【 摘 要 】

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 relationship between oil prices and government expenditures in Saudi Arabia, where a negative oil price shock would have a statistically significant different impact in the long run compared to a positive shock. We build upon our empirical findings and draw some policy recommendations for Vision 2030 of Saudi Arabia.

【 授权许可】

Unknown