The impact of changes in crude oil prices on economic growth rates in Iraq for the period (1990-2013) | ||
| Journal of Administration and Economics | ||
| Article 1, Volume 0, Issue 108, October 2018, Pages 43-55 | ||
| Author | ||
| MM Ali Abdullah Saleh | ||
| Abstract | ||
| This study tackled the relationship between the changes of the crude oil prices and the rates of the economic growth during the time from 1990 to 2013, the analytical side of this study showed that there is a positive relationship between the oil sector and the economic growth in Iraq, as well as the study investigated the influences of crude oil prices changes on the economic growth rates in Iraq, and that is done by using data sample of the time series, and additional to the crude oil prices ameditator variable was selected which is the total constant capital as proportion of the total domestic products and . The estimation of the sample has been done by using ordinary least squares (OLS) method. After the investigating of the stability of time series data using Dekke - Fuller expanded (ADF), it has been shown that the study variables obviously effects the local domestic product. and the study confirms that the oil sectors is the most important sources of the total local domestic product and the largest contributor of the economic growth process. Therefore the study recommends to rehabilitate the oil institutions and the extractive and export units to improve the production and exportation commensurating with the proven oil reserves which is possessed by Iraq's standards and make every possible efforts to increase the contributions of the other sectors to support the local domestic product by raising the production efficiency of whole economic sectors and develop it by good expertise and modern technology. Terms Home Search : (gross domestic product, crude oil prices, time series data) . | ||
| Keywords | ||
| Department of Economics | ||
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