Impact of COVID-19 on Saudi Arabia's economy: evidence from macro-micro modelling

نویسندگان

چکیده

Purpose Even with the Saudi Arabian Government's discretionary measures to mitigate spread of coronavirus disease 2019 (COVID-19), economic sectors were not spared from damage. Thus, paper aims use a computable general equilibrium (CGE) model evaluate impact COVID-19 on Kingdom Arabia's (KSA) economy, special focus small and medium enterprises (SMEs) production. These influence level poverty. Design/methodology/approach The adopted social accounting matrix (SAM) for Arabia built in 2021 by Imtithal Althumairi 2017 SAM. represents snapshot economy different flows that exist within tasks institutions. Two simulations (mild severe) conducted because distributional outcomes. Findings Decrease job creation growth significant evidence study's findings. show more families hit below poverty line negative impacts pandemic have shifted income allocation curve. weakest poor are mitigated government grants during pandemic. Research limitations/implications is restricted relevant literature relating evaluated using SAM model. Moreover, still an ongoing scenario; thus, should be updated as data utilised operationalisation made available. Practical implications information suggested can suitable measure degree harm, likely extent desirable policy feedback. Also, updated, available formulated policies based implemented policymakers. Originality/value Apart recovery planning SMEs pandemic, intends stir up policymakers through macro-micro resilience emphasis mitigating unemployment.

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ژورنال

عنوان ژورنال: PSU research review

سال: 2021

ISSN: ['2398-4007', '2399-1747']

DOI: https://doi.org/10.1108/prr-08-2021-0039