Using the ARDL model to measure the impact of some financial and economic variables on the levels of capital accumulation in Kuwait for the period (1990-2020)
|Volume 42, Issue 138, June 2023, Pages 64-79 PDF (790.6 K)
|Document Type: Research Paper
|college of administration & economics/ university of mosul
|The research aims to find the relationship and the extent of the impact of macro-financial and economic variables (domestic credit provided to the private sector, trade, exports of goods and services, imports of goods and services, exchange rate, interest rate, foreign direct investment, total savings, and inflation). , and the total value of traded shares) in the growth of capital accumulation in Kuwait in the long and short terms, using theoretical frameworks and empirical studies that dealt with these variables, and using time series data for the period (1990-2020) and for that, it relied on the Autoregressive Distributed Lag Estimate (ARDL) methodology And the research reached some conclusions, the most prominent of which was, that the local credit index provided to the private sector (CRI) has a positive impact, and this agrees with the economic logic, as the increase in bank savings works to increase bank credit and then increase lending to companies, institutions, and individuals and increase investment. This leads to an increase in capital accumulation in the country during the research period, and the research suggested the application of reforms related to the financial sector, for banks and financial institutions that support the work of institutions and facilitate The most important in financing and moving investments.
|Capital accumulation; ARDL model; domestic credit to the private sector; interest rates
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