Oil Driven Macroeconometric Model of Kuwait

Siddig A. Salih, William Branson and Yusuf Al Ebraheem

No wp-1991-089, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

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.

Keywords: Economic development; Econometric models (Macroeconomics); Nonrenewable natural resources (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (1)

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Working Paper: Oil Driven Macroeconometrics Model of Kuwait (1991)
Working Paper: Oil Driven Macroeconometric Model of Kuwait
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