This article examines the relationship between oil production and economic growth based on time-series data of Saudi Arabia from 1971 to 2010, and the Autoregressive Distributed Lag (ARDL) model approach for cointegration has been used. The innovative contribution of this study is to determine long-run relationship between oil production and economic growth by disaggregating oil production into domestic consumption of oil in industrial sector and revenues earned from export of oil. Results show that oil revenues have a strong positive impact on real Gross Domestic Product (GDP) in both the short and the long runs, and this positive relationship holds for different specification of the model. Domestic consumption of oil in industrial sector has negative impact on GDP in both the short and the long runs.
This research examines entrepreneurial intentions among female students at Princess Nourah University in Saudi Arabia, utilizing the theory of planned behavior (TPB) as the foundational theoretical framework. The study adopted a quantitative methodology, collecting data through questionnaires distributed to a select group of students. We used structural equation modeling (SEM) to investigate the complex relationships between attitude, subjective norm, perceived behavioral control, and entrepreneurial intention. The findings indicate a strong tendency towards entrepreneurship, with over 64% of respondents expressing their intention to engage in entrepreneurial activities in the future. This suggests a substantial potential for female entrepreneurship. In contrast, a minor proportion (3.21%) showed no interest in entrepreneurship, and about 32% were undecided, highlighting the necessity for enhanced mentorship and support to encourage their entrepreneurial spirit. The application of TPB reveals that participants generally have positive attitudes and perceived control over entrepreneurship, although societal norms occasionally act as barriers. The study emphasizes the significance of cultural support and academic initiatives, including entrepreneurship courses and incubators, to nurture the entrepreneurial ambitions of female students. Based on these findings, the study advocates for the expansion of mentorship programs to further strengthen female entrepreneurial involvement. This research contributes to understanding the dynamics of female entrepreneurship in Saudi Arabia, underscoring the importance of a supportive environment for women’s entrepreneurial ventures.
1 June 2020 in Entrepreneurship and Sustainability Issues
This paper aimed to investigate the entrepreneurial intentions of female students in Saudi Arabia, utilizing the Theory of Planned Behavior (TPB) as the theoretical framework. Employing a quantitative research methodology, data was collected through a questionnaire administered to female students at Princess Nourah University. The results revealed a positive inclination towards entrepreneurship, with over 64% expressing a desire to pursue entrepreneurial ventures in the future. This optimistic trend among female students suggests a potential pool of future entrepreneurs. Interestingly, a small percentage (3.21%) categorically rejected entrepreneurship as a career option, indicating a relatively low level of disinterest in entrepreneurial pursuits. However, many respondents (32%) remained undecided, presenting a valuable opportunity for mentorship and support to cultivate their entrepreneurial intentions. These findings underscore the significance of providing guidance and education to encourage entrepreneurship among female students. The TPB analysis highlighted that attitudes and perceived behavioral control towards entrepreneurship were favorable among female students, indicating a positive mindset and belief in their ability to embark on entrepreneurial endeavors. However, societal norms still exert a negative influence on some student’s entrepreneurial intentions, suggesting a need to address cultural barriers that might hinder female students' willingness to pursue entrepreneurship. The study suggests enhancing female entrepreneurship through societal encouragement and support from personal networks. It highlights the importance of fostering entrepreneurial aspirations in female students. Crucially, the study underscores the role of universities in cultivating entrepreneurial intentions by proposing the implementation of entrepreneurship-focused curricula and the creation of university-based training units or incubators.