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Determinants of Kuwait long‐run and short‐run economic growth

Ahmad Alawadhi et al.

OPEC Energy Review2024https://doi.org/10.1111/opec.12304article
ABDC C
Weight
0.43

What the paper says

Abstract This paper examined the relationship between growth and its demand side determinants in Kuwait from 1970 to 2020. A set of autoregressive distributed lag models were applied to estimate the long‐ and short‐run relationships between economic growth and its determinants. The results suggest that exports, gross fixed capital formation (investment), imports and household spending exhibit a long‐run relationship with economic growth. While exports, gross fixed capital formation, share of government spending in GDP and household spending exhibit short‐run relationship with growth. Moreover, the results suggest that long‐ and short‐run economic growth in Kuwait is mainly driven by exports and to a lesser extent household spending. As Kuwaiti exports are dominated by oil exports and oil production is limited to the organisation of petroleum exporting countries quota this limits the policy makers from the most effective tool to stimulate growth. In this context Kuwait needs to enact policies to diversify exports, build a local industrial base, utilise imports to feed into non‐oil export sectors, direct investment spending to develop non‐oil industries and encourage FDI to facilitate innovation and technology transfers and spill overs to progress from a volatile oil‐based economy to a more diversified and sustainable growth path.

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https://doi.org/https://doi.org/10.1111/opec.12304

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@article{ahmad2024,
  title        = {{Determinants of Kuwait long‐run and short‐run economic growth}},
  author       = {Ahmad Alawadhi et al.},
  journal      = {OPEC Energy Review},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.1111/opec.12304},
}

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Determinants of Kuwait long‐run and short‐run economic growth

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Evidence weight

0.43

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.32 × 0.4 = 0.13
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.