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Oil Driven Macroeconometrics Model of Kuwait

Author

Listed:
  • Salih, A.S.
  • Branson, W.H.
  • Al Ebraheem, Y.H.

Abstract

Kuwait is a well endowed, small and open economy. In this economy the Government is the owner of the bulk of the wealth. Its wealth comes basically from underground oil and oil-accumulated assets. Since there is virtually no tax, the government influences economic activity through its expenditure and expenditure is determined by returns from its wealth. Moreover, the country depends heavily on imports. The structure of the model contains these features and the inherent dichotomy of Oil vs. Non-oil, and Kuwaiti vs.
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Suggested Citation

  • Salih, A.S. & Branson, W.H. & Al Ebraheem, Y.H., 1991. "Oil Driven Macroeconometrics Model of Kuwait," Research Paper 89, World Institute for Development Economics Research.
    • Handle: RePEc:fth:wodeec:89
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    Cited by:

    1. Ardo H. Hansson, 1991. "The Importance of Being Earnest: Early Stages of the West German Wirtschaftswunder," WIDER Working Paper Series wp-1991-094, World Institute for Development Economic Research (UNU-WIDER).
    2. Ahmed Alyousha, 1997. "Investigating Bahrain business cycles," Applied Economics, Taylor & Francis Journals, vol. 29(1), pages 43-50.

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