Volume 6, Issue 3 (March 2019), Pages: 35-39
Original Research Paper
Title: Impact of economic diversification on graduates employment
Author(s): Tahar Ammar Jouili 1, *, Ferid Mabrouk Khemissi 2
1Department of Economics, College of Business Administration, Northern Border University, Arar, Saudi Arabia
2Department of Human Resources, College of Business Administration, Northern Border University, Arar, Saudi Arabia
Full Text - PDF XML
* Corresponding Author.
Corresponding author's ORCID profile: https://orcid.org/0000-0003-0843-4674
Digital Object Identifier:
Economic diversification is defined as the diversity of goods and services produced at any economy. The economic diversification is a significant issue for many developing countries, particularly for those countries which traditionally relied heavily on the production of primary commodities. Economic diversification is also looked as a means to reduce economic risks. The present article can be seen in the analysis of the effects of economic diversification on the diversification of job opportunities, especially for university graduates. The aim of this paper is to study the impact of economic diversification on the graduate’s employment rate in Saudi Arabia during the period 2005–2016. The results show that successful economic diversification contributes positively to job creation. Moreover, The Saudi Arabia case study shows that the actual economic diversification level of the kingdom is low regarding the creation of new job opportunities, especially for the bachelor’s degree holders. Accordingly, the Saudi government needs to raise its level of economic diversification so that it can create graduates' opportunities for jobs.
© 2019 The Authors. Published by IASE.
This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Keywords: Economic diversification, Graduates employment, Industrial diversity, Saudi Arabia
Article History: Received 23 October 2018, Received in revised form 8 January 2019, Accepted 15 January 2019
The authors would like to thank the Northern Border University for supporting this study.
Compliance with ethical standards
Conflict of interest: The authors declare that they have no conflict of interest.
Jouili TA and Khemissi FM (2019). Impact of economic diversification on graduates employment. International Journal of Advanced and Applied Sciences, 6(3): 35-39
Permanent Link to this page
Table 1 Table 2 Table 3
- Albassam BA (2015). Economic diversification in Saudi Arabia: Myth or reality?. Resources Policy, 44: 112-117. https://doi.org/10.1016/j.resourpol.2015.02.005 [Google Scholar]
- Alsharif N, Bhattacharyya S, and Intartaglia M (2017). Economic diversification in resource rich countries: History, state of knowledge and research agenda. Resources Policy, 52: 154-164. https://doi.org/10.1016/j.resourpol.2017.02.007 [Google Scholar]
- Cabrales A and Hopenhayn HA (1997). Labor-market flexibility and aggregate employment volatility. Carnegie-Rochester Conference Series on Public Policy, 46: 189-228. https://doi.org/10.1016/S0167-2231(97)00008-0 [Google Scholar]
- Chandio AA, Rehman A, Jiang Y, Joyo A (2017). Financial development, trade openness and economic growth in Pakistan: A granger causality approach. International Journal of Advanced and Applied Sciences, 4(4): 73–80. https://doi.org/10.21833/ijaas.2017.04.012 [Google Scholar]
- Clark DP, Lima LR, and Sawyer WC (2016). Stages of diversification in Africa. Economics Letters, 144: 68-70. https://doi.org/10.1016/j.econlet.2016.05.001 [Google Scholar]
- Devaux P (2013). Economic diversification in the GCC: Dynamic drive needs to be confirmed. Conjoncture, BNP Paribas Paper. [Google Scholar]
- Felix A (2012). Industrial diversity, growth, and volatility in the seven states of the tenth district. Economic Review, 4: 55-78. [Google Scholar]
- Hertog S (2013). The private sector and reform in the Gulf Cooperation Council. London School of Economics and Political Sciences, London, UK. [Google Scholar] PMCid:PMC3835397
- International Monetary Fund (2016). Economic diversification in oil-exporting Arab countries. In the Annual Meeting of Arab Ministers of Finance, Manama, Bahrain. [Google Scholar]
- Malizia EE and Ke S (1993). The influence of economic diversity on unemployment and stability. Journal of Regional Science, 33(2): 221-235. https://doi.org/10.1111/j.1467-9787.1993.tb00222.x [Google Scholar]
- Mobarak A and Karshenasan A (2012). The impact of institutional quality on relation between resource abundance and economic growth. Iranian Economic Review, 16(32): 95-110. [Google Scholar]
- Pallares FJ and Adkisson RV (2017). The impact of industrial diversification on employment growth in the 50 U.S. States: 2000-2013. Economic Development Quarterly, 31(4): 275-284. https://doi.org/10.1177/0891242417731599 [Google Scholar]
- Radetzki M (2012). Politics—not OPEC interventions—explain oil's extraordinary price history. Energy Policy, 46: 382-385. https://doi.org/10.1016/j.enpol.2012.03.075 [Google Scholar]
- Sharpley R (2002). The challenges of economic diversification through tourism: The case of Abu Dhabi. International Journal of Tourism Research, 4(3): 221-235. https://doi.org/10.1002/jtr.378 [Google Scholar]
- UNFCCC (2009). Work in the area of economic diversification: The nine work areas of the Nairobi work programme. United Nations Framework Convention on Climate Change (UNFCCC) Secretariat, New York, USA. [Google Scholar]
- Uzonwanne MC (2015). Economic diversification in Nigeria in the face of dwindling oil revenue. Journal of Economics and Sustainable Development, 6(4): 61-67. [Google Scholar]