Arab Educational Information Network

The study revolves around an attempt to find out the extent of government spending on university education and its feasibility in promoting economic growth in the Kingdom of Saudi Arabia during the period 1997-2017, as the study aims to investigate the nature of the existing relationship, the study in order to achieve the goals described, presented and introduced the most important concepts related to and reviewed developments in the university education sector and the reality of economic growth in the Kingdom, and a review of the most important literature and previous relevant studies. The study used standard tests to analyze data. The study adopted the method of joint integration of Johansson, and tested the causal relationship of Graanger. The results indicated that there is no relationship between spending on education and economic growth, while it was found that the increase in the number of graduates from higher education adversely affected economic growth. It was also found through a test of causality of the Graanger that there was no relationship between all independent variables and economic growth. Finally, The study attained the necessity of taking into account the qualitative quality in the outputs needed by the national economy and the need to work to reduce the gap between education outcomes and the requirements of the labor market in terms of specializations and professional and technical skills and others, and to ensure that educational processes are not separated and isolated from the reality of the labor market and its needs, and this is what the goals of vision seek Kingdom 2030. (Published abstract)