Achieving sustainable development by enhancing the quality of institutions in Saudi Arabia

Economic and human development have been central to all of Saudi Arabia's strategic plans since 1970, yet the country has not managed to achieve a sustainable rate of development. This study analyzes the most significant governmental dimensions in Saudi Arabia's economic and human development. This research focuses on helping decision-makers to accomplish and sustain the outcomes of the country's specific development plans (e.g., Vision 2030). The study uses data collected in the Kingdom of Saudi Arabia from 1996 and 2017 and cubic regression analysis to answer the research questions: Is there a relationship between good governance practices and economic development (i.e., economic growth and human development) in Saudi Arabia? Which good governance factors are the most significant for Saudi Arabia's economic development? The results agree with the extant literature on Saudi Arabia and other developing countries, which suggests that the Saudi government needs to augment governmental effectiveness, control corruption, and enhance its accountability levels to create and maintain an efficient and effective governing system.

Automated summary

The study analyzed the governmental dimensions of economic and human development in Saudi Arabia, emphasizing the importance of good governance for economic development. The results suggest that the Saudi government needs to enhance governmental effectiveness, control corruption, and improve accountability levels.