![]() ![]() To achieve this endeavor, autoregressive distributed lag (ARDL) and structural vector autoregressive (SVAR) have been employed for the period of 1970 to 2018. Different from other symmetric oil price shock studies, the aim of this paper is to test the impacts of symmetric oil price shocks on government expenditure-real exchange rate nexus and ultimately, to check the conformity of symmetric oil price shock findings to those prevailing in literature. Historically, oil has been the main source of earnings in the Saudi Arabian economy.
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