Brunei Darussalam, a highly hydrocarbon-dependent economy, is facing the
inevitable fate of depletion of its oil and gas resources. With limited success in
diversification efforts over the past decades, the future appears bleak if no urgent and
effective policies are undertaken. This thesis seeks to elucidate a post-hydrocarbon
scenario and various simulated policy options to revive some economic growth. This is
proposed through further stimulus of selected industries under current diversification
efforts and productivity growth. A recursive dynamic computable general equilibrium
(CGE) model was applied, called the Brunei General Equilibrium Model (BRUGEM),
which was developed specifically for this thesis.