Saudi Arabia follows a development strategy depending on many factors generating income, such as increasing non-oil investments, production and manufacturing for exports. Investing contributes mainly to diversify sources of income and generate more jobs where it is expected that the contribution of the private sector will enhance productivity in all sectors. These increased business productivities will increase the percentage annual growth rate to 5.2% in addition to increasing the added value of the oil sector.
Saudi Arabia implemented a lot of policies to be out of the oil control on their economies and this is taken up in the previous papers of growth factors in Saudi Arabia until 2014. But due to the need of less dependence on oil revenues and the need to diversify sources of income, especially in the period following the drop-in oil prices, it’s necessary to create added value to the economy of Saudi Arabia, through an econometric model that illustrates oil alternatives income. This paper is based on the analysis of different growth factors after exclusion of oil revenues using the Weighted Least Square.
It is generally assumed that happiness is a major source of motivation. Though economic growth remains the main goal of all nations, nowadays a society with happy people is an objective to aim at. From this raises the issue of the relationship between happiness and economic growth.In this paper, researchers try to find how people's happiness influences GDP and economic development. But before that they focused on the question of how happiness is achieved. In order to do so, we start by directly asking Jazan's habitants through a survey about the source of their subjective well-being and what themselves say about what makes them happy. Then how do these sources of happiness influence their economic performance and participation in GDP growth. The sample's answers have been formed according to the quintuple likert scale. We used the statistical technique of Cronbach's Alpha to measure the credibility of the sample's answers.Researchers used the analytical descriptive methodology in order to analyze all collected data. Results show that social factors are the most important factors drivers of happiness and therefore influencing positively individual's contribution in economic development of Jazan region. However, economic factors and political factors show that social factors are the main sources of happiness for our sample leading to a better economic development.
Ideas and beliefs play an important role in guiding human behavior. As culture has a clear impact on community development, intellectual change or cultural change will rebuild Saudi society.
For this purpose, our study dealt with a presentation of the various previous studies that clarified the role of cultures in the development of society and whether change and diversity have a clear role in development.
The study was based on a survey of a group of questions to members of the community where the questionnaire was distributed to the University community to take different views of gender. The study also focused on determining the role of cultural diversity and emerging from some old customs to achieve sustainable development which is represented in three main dimensions of economic development, social development and finally political development. Assumptions were analyzed using multiple regressions.
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