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This research investigates how economic diversification affects economic growth in Saudi Arabia within the context of Vision 2030.

Economic diversification and growth in Saudi Arabia: an ARDL analysis of vision 2030 impacts

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Randomized trial assesses economic diversification's impact on growth in Saudi Arabia, suggesting policy adjustments are needed.

This research investigates how economic diversification affects economic growth in Saudi Arabia within the context of Vision 2030.
Analyzed time series data from 1994 to 2023 using an autoregressive distributed lag (ARDL) model.
Measured economic diversification using the concentration index and diversification index from UNCTAD.
Short-run analysis shows a positive relationship between the concentration index and economic growth after two lagged periods.
Long-run analysis reveals a negative effect of the diversification index on economic growth.
Findings suggest concentration aids short-term growth, but divergence from global trends may hinder long-term development.

Elasy et al. (2026) studied this question.

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