Purpose – The purpose of this paper is to estimate a complete demand system for the United Arab Emirates (UAE) and use the estimates to evaluate the welfare impact of price inflation. Eight expenditure groups are considered: food, clothing, housing, furniture, transportation, medical care,...

This paper develops and optimization procedure for estimating the capital stock using time series data on GDP, labor, and gross fixed capital formation. By minimizing the gap between observed and attainable GDP, subject to the constraint that capital grows according to the perpetual inventory...

The purpose of this paper is to estimate productivity gaps between firms with different shares of foreign equity in the presence of government restrictions on foreign ownership. Dubai, having such restrictions, and having multiple ownership structures within co-existing onshore and off-shore...

We estimate the welfare effect of UAE food price cap policy by nationality and income quintile using the country's 2007-2008 household survey. For methodology, we estimate the compensating variation (CV) to price changes with and without the policy. Comparison of CV with and without the policy...