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Determinants of the Current Account Balance in the Saudi Balance of Payments during 1995-2019 |
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PP: 49-67 |
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doi:10.18576/ijye/070104
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Author(s) |
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Saidi OUASSAF,
Yahdiyh SEMLALI,
Ismail BENGANA,
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Abstract |
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| This study aims to know the impact of several macroeconomic variables on the current account in the Saudi Arabia balance of payments during the period between 1996 and 2020. The matter comes with (the ratio of external reserves to GDP, the ratio of the balance of the general budget balance to GDP, the ratio of total merchandise exports to GDP Total, the ratio of total merchandise imports to GDP, the degree of external openness (external exposure), a ratio of average per capita income to GDP, inflation rate, economic growth rate, a ratio of total investment to GDP, the ratio of inward foreign investments to GDP domestic liquidity growth rate.
The study found an inverse relationship between the current account balance on the one hand, and foreign reserves to GDP ratio and average per capita income on the other hand. While we record a direct relationship between the current account balance and the degree of external openness (external exposure).
As for the significance of the model as a whole, the results of the study showed the significant of the model by indicating the suitability of the study model to the relationship between the dependent variable and the independent variables.
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