What is it about?
The impact of changes in oil price has been a significant topic of research in applied studies because oil drives macroeconomic and shocks that affect the trade balance. This study is to examine the effects of oil prices on the trade balance of the Kingdom of Saudi Arabia.
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Why is it important?
This study contributes to the literature by illuminating the complex relationships that prevail between oil markets and trade performance in Saudi Arabia. The need for an analysis arises from the importance of oil price, a critical determinant for an oil exporting economy such as Saudi Arabia.
Perspectives
I hope this study guide the policymakers work to diversify the economy and reduce oil dependence, both internally and externally, they should strengthen economic ties with emerging markets such as China, Southeast Asia, and Africa. This would help mitigate the impacts of oil price fluctuations and promote sustainable economic growth.
Dr. Mohamed Sharif Bashir
Imam Mohammad Ibn Saud Islamic University
Read the Original
This page is a summary of: Estimating the Effects of Oil Prices on Trade Balance in Saudi Arabia: Bounds Testing to Cointegration Approach, International Journal of Energy Economics and Policy, February 2025, EconJournals,
DOI: 10.32479/ijeep.18453.
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