An econometric model of Kuwait's non-oil GDP

Foreign investment and growth in a capital‐rich, labour‐short economy

“…Inflation and unemployment rates are low; per capita income and, thus, purchasing power are quite high. At the moment, the budget deficit is a problem, but this could be resolved by the year 2000, if subsidies could be reduced and non-oil revenue increased, as planned (Hoque and Al-Mutairi, 1995).…”