Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/340519 
Year of Publication: 
2024
Citation: 
[Journal:] Borsa İstanbul Review [ISSN:] 2214-8469 [Volume:] 24 [Issue:] 5 [Year:] 2024 [Pages:] 1006-1018
Publisher: 
Elsevier, Amsterdam
Abstract: 
This study is the first to analyze the impact of domestic political unrest on Kuwait's stock market. Our data indicates a daily market decline of 0.16 percent during periods when the parliament is suspended. This translates to a 7.1 percent loss in the value of the Kuwait Stock Exchange for each period of suspension. Our findings suggest that Kuwait, despite having a more democratic political system, experiences greater economic instability than Saudi Arabia. This research highlights the nuanced relationship between the political structure and economic performance, particularly in emerging markets, challenging the notion that more democracy invariably leads to better economic outcomes.
Subjects: 
Election
Government
Kuwait
National Assembly
Politics
Stock market
JEL: 
F30
G14
O16
P16
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article
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