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Publisher: Scholedge Publishing   (Total: 3 journals)   [Sort by number of followers]

Showing 1 - 3 of 3 Journals sorted alphabetically
Scholedge Intl. J. of Business Policy & Governance     Open Access   (Followers: 2)
Scholedge Intl. J. of Management & Development     Open Access   (Followers: 6)
Scholedge Intl. J. of Multidisciplinary & Allied Studies     Open Access   (Followers: 3)
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Scholedge International Journal of Management & Development
Number of Followers: 6  

  This is an Open Access Journal Open Access journal
ISSN (Print) 2394-3378
Published by Scholedge Publishing Homepage  [3 journals]
  • The Synchronization of Financial and Business Cycles in Saudi Arabia

    • Authors: Osama El-Baz
      Pages: 32 - 47
      Abstract: Financial cycles have become vividly tracked and analyzed by regulatory authorities to avoid the buildup of excessive systemic risks in the financial system that could hamper economic growth. However, fiscal policy usually pays an exclusive attention to business cycles; which might leave fiscal outcomes vulnerable to financial sector dynamics. We investigated financial and business cycles in Saudi Arabia over the period (1970Q1- 2016Q4). The results of the BBQ cycle dating algorithm revealed that the duration of financial upturns (downturns) are longer than that for economic expansions (contractions) in means, also both the amplitude and the slope for upturns (downturns) are higher than those for expansions (contractions) in means. Moreover, financial cycle episodes are more frequent than business cycle episodes. Finally, we found empirical evidence that financial (credit) conditions are crucial for economic stability. Fiscal policy can play an important role in fostering economic growth going forward through the implementation of a countercyclical policy that allows for the accumulation of fiscal buffers and releasing them during periods of an economic slowdown, the setup of early warning systems for business and financial cycles, and the introduction of fiscal rules to limit the scope for a procyclical fiscal stance.
      PubDate: 2018-05-16
      DOI: 10.19085/journal.sijmd050401
      Issue No: Vol. 5, No. 4 (2018)
School of Mathematical and Computer Sciences
Heriot-Watt University
Edinburgh, EH14 4AS, UK
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