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Volume 04 Issue 1

The role of entrepreneurship in economic development in Saudi Arabia

Published: 06 May 2016 Issue:Volume 04 Issue 1 Mar 2016 Author details below

Nadia Yusuf

King Abdul Aziz University

Nisreen Ismail Albanawi

King Abdulaziz University, Jeddah

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Research summary

One of key objectives of modern economics is to determine factors that influence the economic development. This paper, therefore, seeks to discuss entrepreneurship as one of the factors that influence the economy of a nation, either directly or indirectly. It is a fact that entrepreneurship plays a significant part in shaping the landscape of a countrys economy. Economists and policy makers recognize this fact. In fact, entrepreneurship is the engine of economic growth and it has come to be perceived as a catalytic agent for expansion and promotion of productive activities in every sphere of global economy life. This research will focus on finding out how entrepreneurship influences the economy of Saudi Arabia. The paper will begin with a brief introduction of the topic before proceeding to present a comprehensive review of literature relevant to the topic. It will then proceed to present an overview of relevant variables used in determining the role played by entrepreneurship in the economy of Saudi Arabia. There will then follow a discussion on the disadvantages of entrepreneurship to the economy. The paper will end with a conclusion summarizing all the keys points discussed, research limitations, and recommendations for further research.

Article History

Published 06 May 2016

How to Cite

Yusuf, N. & Albanawi, N. I.. (2016). The role of entrepreneurship in economic development in Saudi Arabia. International Journal of Business and Economic Development, Volume 04 Issue 1.

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Archive cited by No internal citing article yet
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APA

Yusuf, N. & Albanawi, N. I.. (2016). The role of entrepreneurship in economic development in Saudi Arabia. International Journal of Business and Economic Development, Volume 04 Issue 1.

MLA

Yusuf, Nadia, and Nisreen Ismail Albanawi. "The role of entrepreneurship in economic development in Saudi Arabia." International Journal of Business and Economic Development, Volume 04 Issue 1, 2016.

Chicago

Nadia Yusuf and Nisreen Ismail Albanawi. "The role of entrepreneurship in economic development in Saudi Arabia." International Journal of Business and Economic Development Volume 04 Issue 1 (06 May 2016).

Harvard

Yusuf, N. & Albanawi, N. I. (2016) The role of entrepreneurship in economic development in Saudi Arabia. International Journal of Business and Economic Development, Volume 04 Issue 1

References

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  • Summers, D. (2012, 6 10). How Saudi Arabia Will Influence The Oil Market to Benefit Their Economy. Retrieved from Oilprice: http://oilprice.com/Energy/Crude-Oil/How-Saudi-Arabia-Will-Influence-the-Oil-Market-to-Benefit-their-Economy.html
  • Thurik, R., Carree, M., Stel, A. and D. Audretsch. (2008), “Does self-employment reduce Unemployment?” Journal of Business Venturing, 23(6), 687-698.
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