المستخلص: |
The objective of this paper is to analyze the role of the private sector in developing non-oil sector and diversification the structure of Saudi Economy. The results show that the average growth rate of non-oil sector was higher than the average growth rate of oil-sector during the period of development plans (1970-2000). The increasing share of on-oil sector in the GDP reflects the structural change in the Saudi economy. The increasing growth rate of non-oil GDP has been more affected by the growth of non-oil GDP in the private sector during the period (1989-2000). The private investment represents the highest share of investment of non-oil sector during the period (1990-1999). Both the private and public investments play crucial role in developing non-oil GDP during the period (1970-1982). However, the marginal productivity of the private investment was higher than the productivity of the public investment during the previous period (1970-1982), due to the high capital/product ratio in the public sector as a consequence of building up the infrastructure projects by the government, In future, the basic role of the government will be providing the appropriate investment opportunities and atmosphere to the private sector to participate effectively and competitively in the Saudi economy.
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