The Impact of the Blue Economy, Investment, and Net Exports on Economic Growth in the K.S.A. During 1970–2022

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Shaqra University, Department of Aministration in Shaqra

Abstract

This study uses annual data from 1970 to 2022 to examines the impact of the blue economy, investment, and net exports on economic growth in the Kingdom of Saudi Arabia. It builds, estimates, and tests its hypotheses using econometric techniques and descriptive analytic methodology. The results revealed the existence of a significant partial impact of the blue economy, investment, and net exports, as well as their overall impact on economic growth. Therefore, if the blue economy per Riyal goes up by 1 percent, on average, the economic growth goes up by about 0.19 percent. Moreover, if the investment per Riyal goes up by 1 percent, on average, the economic growth goes up by about 0.056 percent. In addition, if the net exports per Riyal go up by 1 percent, on average, the economic growth goes up by about 0.69 percent. Also, the results found that the explanatory power of the model equals approximately 99 percent. For boosting economic growth, the study recommends that the Kingdom's decision-makers prioritize the implementation of expansionary economic policies to boost blue economy activities. Furthermore, it is vital to encourage investment and exports

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