COVID-19 economic impact and Saudi stimulus package effectiveness / Nahla Samargandi

Samargandi, Nahla (2023) COVID-19 economic impact and Saudi stimulus package effectiveness / Nahla Samargandi. Asia-Pacific Management Accounting Journal (APMAJ), 18 (1): 4. pp. 65-84. ISSN 2550-1631


This study examined baseline macroeconomic structure, economic impacts of the COVID-19 lockdown, and government stimulus package effectiveness to mitigate pandemic impacts in Saudi Arabia. By a disaggregated analysis, we identified the sectoral contribution in terms of intermediate, private and public demand, labour compensation and trade by utilising the Input-Output Table. By analysing the point of sales, we demonstrated hard-hit sectors by the lockdown. The Saudi economy shrank by 1% in Q1 of the fiscal year 2020 due to oil price collapse and the lockdown. The stimulus package may rebound the economy (costing external debt). We provide several policy implications.


Item Type: Article
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Samargandi, Nahla
Subjects: H Social Sciences > HC Economic History and Conditions > Environmental policy and economic development. Sustainable development. Environmental management
Divisions: Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI)
Journal or Publication Title: Asia-Pacific Management Accounting Journal (APMAJ)
UiTM Journal Collections: UiTM Journal > Asia-Pacific Management Accounting Journal (APMAJ)
ISSN: 2550-1631
Volume: 18
Number: 1
Page Range: pp. 65-84
Keywords: Lockdown, economic shocks, stimulus package, oil price, Saudi Arabia
Date: April 2023
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