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Volume :22 Issue : 84 1997      Add To Cart                                                                    Download

THE IMPACT OF THE IRAQI INVASION ON THE MULTIPLIER OF KUWAITI FINANCIAL SECTOR

Auther : By: Dr. Ahmed Dashti

We tried in this analytical study to spotlight the structure of changes resulted from the effects of the Iraqi aggression upon Kuwait and the structure of monetary, banks, insurance companies, real-estates and business service sectors, several indicators related to partial multipliers based on the data of input-output table of the Kuwaiti economy.

The findings of the study are summarized as follow: There is an obvious structural effect in the given four economic sectors. This is due to damages and looting fell upon the economic and monetary institutions on the one hand. On the other hand, this was an outcome of the restoration policy and some other governmental policies related to salaries and wages and exemptions.

Hard indebtedness, which affected these four sectors, played a role. The concluded findings show that there are positive structural changes in some of the four sectors. For example, the multiplier of family consumption and the total one of real-estate sector, the government sector, sector of work services and monetary and bank sectors were also affected.

Thus, the total work of the services of work sector was positively affected, where the other indicators and their structures were negatively affected. The highest rate of total negative change resulted from the Iraqi aggression was recorded in the sector of work services, then monetary and bank sector and finally the real-estate sector which remained nearly unchanged. This is due to the specialty of this sector in the economy of Kuwait and some policies taken by the government after liberation.

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