Real or Illusory Growth in an Oil-Based Economy: Government Expenditures and Private Sector Investment in Saudi Arabia

Abstract

The purpose of this paper is to determine whether and to what extent "Dutch Disease" effects have offset the potentially positive Hirschman-type inducements provided by massive government expenditures intended to stimulate private sector investment in Saudi Arabia. The main finding is that in Saudi Arabia at least infrastructure investment does not appear to have played a strong role in stimulating private sector investment. Instead, the private investors appear to be much more sensitive to shorter run current conditions created by government expenditures.

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Document Details

Document Type
Technical Report
Publication Date
Feb 10, 1992
Accession Number
ADA529173

Entities

People

  • Robert E. Looney

Organizations

  • Naval Postgraduate School

Tags

DTIC Thesaurus Topics

  • Abstracts
  • Arabia
  • Business Administration
  • Continents
  • Economic Development
  • Geographic Regions
  • Governments
  • Information Operations
  • Infrastructure
  • Investments
  • Money
  • Saudi Arabia
  • Side Effects

Fields of Study

  • Business

Readers

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