Oil Revenue and Kuwait's Economy

An Econometric Approach

Bibliographic Data

ID8970169
AuthorsMahmoud A Kaboudan
Year1988
Volume20
Issue1
Pages45-66
Publication date1988-02-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Journal Middle East Studies (JOURNAL)
Journal identifiersISSN: 0020-7438 • E-ISSN: 1471-6380
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0020743800057500
OpenAlexW1966407128
LanguageEN
Citations received4
References cited11

This paper presents a macroeconomic model for a small developing oil-exporting economy: Kuwait. The model is a simultaneous system of difference equations. Historic effects of changes in revenues from oil exports on the country's economic conditions are simulated. The model is then used to forecast these conditions through 1990, and to test two fiscal policy alternatives under the assumption that revenues from Kuwait's oil exports will remain constant from 1986 to 1990. The following are key words: developing economies; oil-exporting economies; Middle East economies; Kuwait; Kuwait's economy; policy models; macroeconomic models; econometric models; macroeconometric models; forecasting models; and policy models

Econometric model · Econometrics · Economics · Economy · Fiscal policy · Geography · Macroeconomics · Middle East · Revenue · Economic Growth and Development · Economic Growth and Productivity · Finance · Natural Resources and Economic Development

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