Opportunity cost of Oil for Saudi Arabia is a joint workshop being held by KAPSARC and Rice University’s Baker Institute for Public Policy on July 24, 2018 in Riyadh.
The event offers an interactive session that provides insights into how distortions impact opportunity cost of oil, and to identify existing practices and ways of estimating opportunity costs/shadow prices.
Saudi Arabia’s economy is passing through a phase of transformation in which some resources will be freed from existing usages and allocated to new development opportunities. Making decisions based on the wrong opportunity costs or value of these resources could lead to over- or under-investment in projects. In particular, the international oil price may not reflect the true value of oil for Saudi Arabia due to its position as a major oil exporter and the distortions existing in its domestic economy.
To register your interest in attending, please email events@kapsarc.org