El Desouki, F., Ismail, I., Al-Masoud, W. (2021). THE ROLE OF FOREIGN TRADE IN THE KUWAITI ECONOMY. Journal of Productivity and Development, 26(1), 41-59. doi: 10.21608/jpd.2021.140288
Fekry El Desouki; Ibrahi, Ismail; Walid Al-Masoud. "THE ROLE OF FOREIGN TRADE IN THE KUWAITI ECONOMY". Journal of Productivity and Development, 26, 1, 2021, 41-59. doi: 10.21608/jpd.2021.140288
El Desouki, F., Ismail, I., Al-Masoud, W. (2021). 'THE ROLE OF FOREIGN TRADE IN THE KUWAITI ECONOMY', Journal of Productivity and Development, 26(1), pp. 41-59. doi: 10.21608/jpd.2021.140288
El Desouki, F., Ismail, I., Al-Masoud, W. THE ROLE OF FOREIGN TRADE IN THE KUWAITI ECONOMY. Journal of Productivity and Development, 2021; 26(1): 41-59. doi: 10.21608/jpd.2021.140288
Department of Agricultural Economics, Faculty of Technology & Development, Zagazig University, Zagazig, Egypt .
Abstract
The research dealt withexports and imports and their role in the components of the national economy, as it was found that oil contributes about 93.3% of the state’s public revenues, which are used in spending on various development processes. It was found that public revenues contribute to increasing the domestic product at an annual statistically significant rate, and that the expenditures are realized. Of foreign trade, about 17.18% ofitis spenton production requirements, 53.6% on the imports necessary to satisfy the needs of the population and for the various sectors during the study period, and that exports lead to an increase in the domestic product at a statistically significant annual rate, and as oil exports also contribute to an increase in the domestic product, it recommends Study by increasing the role of exports due to their importance in development. Research problem: The research problemis that due to the dependence of foreign trade on oil, fluctuations occur in the domestic product, and it explains the imbalance in imports, as about 17% of them are commodity requirements for production, and about 54% are non-commodity imports, and spending on imports represents about 70.78% of the volume State spending, therefore, reducing dependence on abroad by developing the industrial and agricultural sectors reduces imports and saves the state's public spending on imports, and what was saved is directed to development and production processes. Researchobjective:tomeasure the effect of total foreign trade represented in oil and non-oil exports, as well as imports on GDP, the effect of exports, the impact of imports, the impact of oil and the impact of non-oil exports. Research method: Thestudy relied in this research on descriptive and quantitative economic analysis and analysis of research data, where simple linear regression models were used in studying the development of research variables, and arithmetic averages were used to describe the research changes. The conduct and implementation of the research required the use of secondary statistical data issued by the official authorities in the state. Conclusively, foreign trade contributes to generating income from the domestic product andachievingthe targeted development rates in providing foreign labor
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