Human capital, foreign direct investment stock, trade and the technology diffusion in Saudi Arabia
Journal Article
رابط المنشور على الويب:
المجلة \ الصحيفة:
Journal of Economic Studies
رقم العدد:
1
رقم الإصدار السنوي:
42
الصفحات:
101 – 116.
مستخلص المنشور:
This study investigates the factors of technology diffusion in Saudi Arabia. It employs co-integration method to analyse the long run relations between the technology diffusion and its determinants. The study finds that the international trade, particularly the oil sector trade, appears to play no relevant role in the international technology transfer for Saudi Arabia. The study confirms that technology is an endogenous variable in the presence of human capital; and that the higher levels of educational attainments are found to significantly improve factor productivity. The foreign direct investment stock is confirmed to be a consistent and important factor in the process of technology diffusion. The capital goods imports are found to be negatively associated with the technology diffusion.