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Volume :7 Issue : 3 2000      Add To Cart                                                                    Download

Development Path of the Kuwaiti Economy Following The Asian Crisis: Estimation of Damages and Lost Opportunities

Auther : Motaz H. Khorshid and Youssef H. Al-Ebraheem

The purposes of this paper are (i) to access the impact of the recent Asian crisis on medium-term performance of the Kuwaiti economy, and (ii) to develop a methodology for estimating the economy-wide losses generated by this crisis. The losses are computed using a dynamic multi-sector economic model that compares the simulation results once under the assumption of continuing the current worldwide circumstances, and once again by assuming as if the Asian crisis had not occurred. The estimated losses of national income and savings have exceeded the value of these indicators in the base year, with a considerable decline in the per-capita Kuwait assets held abroad.

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