MEASURING THE IMPACT OF POLITICAL STABILITY ON SELECTED ECONOMIC VARIABLES IN THE KINGDOM OF SAUDI ARABIA FOR THE PERIOD (2004-2020)

Received: 19.09.2021; Revised: 28.10.2021, Accepted: 26.11.2021, Published Online: 31.12.2021

Wasen Hadi Fehan

Gulf- Arabian Basrah Studies center, Universit of Basrah, wasnhade73@gmail.com

Prof. Dr:  Youssef  ABd Ali

College of management and economy, Universit of Basrah

Abstract

The concept of political economy has become one of the complex concepts and disciplines with wide dimensions. It includes economics, sociology and politics, The role of these variables develops through their mutual effects, This research focuses on the most important political economic variables, which is political stability in the Kingdom of Saudi Arabia, and its impact on some macro variables in the economy during the study period. Economic theory, in order to be familiar with the facts of the phenomenon and to try to develop appropriate solutions, in light of the available data for the extended time series (2004-2019).

The importance of studying

1- Studies related to political stability in the Kingdom of Saudi Arabia have not shown the role of political stability in macroeconomic variables.

2- Knowing the reasons that lead to the occurrence of the problem of political instability in the Saudi economy, is the basis for taking the appropriate economic policy to address.

3- The consequences of political instability on the economy require more research and study in order to reach the insults and develop appropriate solutions to them