Impact of Technological Progress on Economic Growth and Employment: A Case Study of Saudi Arabia
Journal: The Journal of Social Sciences Research (Vol.4, No. 12)Publication Date: 2018-12-15
Authors : Fayq Al Akayleh;
Page : 606-617
Keywords : Technological Progress; Gross Domestic Product; Employment; Economic Development.;
Abstract
This research paper aims at examining the role of technology in boosting economic activity and employment, by adopting different research methodologies and taking the Saudi economy as a case study. The research results support the notion that technological progress is a key factor in achieving development goals pertaining to economic growth and employment level. The study suggests that the leaders and policy-makers in Saudi Arabia should pay a great attention on adopting technology as a medium for achieving the social and economic development goals.
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