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Kuwait : Enhancing the macroeconomic model for planning and the housing care program

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Title Kuwait
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Sub Title

Enhancing the macroeconomic model for planning and the housing care program

Project Category Consulting Programs
Material Type Reports
Author(English)

Baek, Ehung Gi et al.

Publisher

[Sejong]:Korea Development Institute

Date 2015
Project Consulting Programs
Series Title; No Knowledge Sharing Program / 2014/15
ISBN 978-89-8063-952-6 94320; 978-89-8063-827-7 (set)
Pages 217
Subject Country Kuwait(Middle East)
Language English
File Type Documents
Original Format pdf
Subject Economy < Macroeconomics
Social Development < Employment
Holding KDI; KDI School
Supervisor Ministry of Strategy and Finance (MOSF), Republic of Korea
Organizer Korea Development Institute
Sponsor Ministry of Strategy and Finance (MOSF), Republic of Korea
Type Report
Project Term 2014-01-01 ~ 2015-12-31

Abstract

The 2014/15 Knowledge Sharing Program with Kuwait aims to enhance the macroeconomic model for planning and the housing care program. Kuwait launched the first five-year development plan (2009/2010-2013/2014) to achieve the country’s long-term state vision “Kuwait 2035.” The five-year development plan plays a crucial role in realizing this vision. After completing the first plan, Kuwait prepared the second five-year development plan (2015/2016-2019/2020) and recently kicked it off. The first 2014/15 KSP project is integrally connected with the five-year development plan. The second five-year development plan has quantitative targets which are mainly based on the macroeconomic model. However, the ME model which was utilized in the first five-year plan has to be revised, since the old model is now inadequate in performing certain policy simulations. The model is too simple to explain the structure of the Kuwait economy and consequently needs major improvement. (The rest omitted)