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| Tekijä: | Khorshid, M. |
| Otsikko: | A dynamic macroeconomic model for Kuwait : analysis of the medium-term path. |
| Lehti: | Energy Economics
1990 : OCT, VOL. 12:4, p. 289-301 |
| Asiasana: | ECONOMETRIC MODELS KUWAIT |
| Kieli: | eng |
| Tiivistelmä: | The economy-wide dynamic model for Kuwait can be used to analyze the medium-term path of the country's economy. The static part of the model is demand-driven except for the oil sector. It includes four labour markets with a constrained Kuwait labour supply and imports that are treated as part of composite commodities. The dynamic part captures the medium-term changes in the capital stock, population size and government assets held abroad. The reference path suggests that GDP, consumption and exports will grow less than the projected population size with a rapid decrease in per capita foreign assets and a reduction in the per capita household income. |
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