Influence of Saudi Vision 2030 on housing-related macroeconomic variables
International Journal of Housing Markets and Analysis, ISSN: 1753-8289, Vol: 16, Issue: 4, Page: 828-845
2023
- 15Captures
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
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- Captures15
- Readers15
- 15
Article Description
Purpose: This study aims to explore the effect of Saudi Vision 2030 and its government initiatives on macroeconomic variables related to housing. Design/methodology/approach: This exploratory study used an empirical–analytical approach. Based on secondary data, a set of hypotheses was contrasted to verify whether there has been any change in the trends of macroeconomic variables related to housing after Saudi Vision 2030 entered into force. Findings: The results show that the trend of percentage of housing ownership went from a continuous decrease to accelerated growth since the implementation of Saudi Vision 2030. However, the effect of these advances is not observed in non-oil gross domestic product (GDP) or in the economic activities of the construction, real estate and financial services sectors. Research limitations/implications: This study notes that despite successful housing outcomes, it appears that Saudi Vision 2030 does not have a positive impact on non-oil GDP. Consequently, government entities should review the degree to which other economic activities contribute to non-oil GDP. A limitation of the study was that the GDP of housing construction and marketing and that of granting mortgage loans were not specifically available, nor were data on public and private investment made for implementing government initiatives. Originality/value: To the best of the authors’ knowledge, this is the first study to explore the effect of Saudi Vision 2030 on housing and its contribution to the economy.
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