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.
منابع مشابه
Economic consequences of Covid-19 disease on the Iranian economy; With an emphasis on employment
Covid-19 virus has become a global pandemic virus with many economic consequences and has affected almost all countries of the world, and therefore it is expected that the global economy will pass 2020 with a significant recession. . Meanwhile, Iran, like many countries involved in this epidemic, has become globalized and suffers as a result of the economic consequences. This necessity led to t...
متن کاملThe Impact of Covid-19 Pandemic on Health Higher Education: Challenges, Approaches and Achievements to Post Covid-19
Introduction: Covid- 19 pandemic has caused challenges in Health higher education system. In order to manage these challenges, policies have been recommended, which most of those can be applied in the post- Covid- 19 era. The purpose of this study is to investigate challenges, approaches and achievements in Health higher education system, due to Covid- 19 pandemic. Method: The method of this st...
متن کاملThe effects of future retail developments on the local economy: Combining micro and macro approaches
The aim of this research is to evaluate future retail developments in a medium-sized town and the indirect effects of individual behaviour on the local economy. Therefore we combine a spatial microsimulation model with a conditional logit model estimating the spatial shopping behaviour of households to simulate the effect of future retail developments. Then, we estimate the macro effects of the...
متن کاملReform in Accounting Standards: Evidence from Saudi Arabia
Middle East countries have begun to implement economic reforms to stimulate private investment, promote economic growth and support the transition to market economy. Although, it is difficult to define the direct impact of the accounting system reform on economic transformation, as there are many other conditions that have influence on the transition process. However, with the central position ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: PSU research review
سال: 2021
ISSN: ['2398-4007', '2399-1747']
DOI: https://doi.org/10.1108/prr-08-2021-0039