The Impact of Changes in International Oil Prices on Economic Growth in Iraq for the Period 2004-2019
Alkut university college journal,
2022, Volume 2022, Issue 2022, Pages 484-496
AbstractThe study aims to analyze the impact of oil price fluctuations on economic growth in Iraq for the period 2004-2019, so the severity of the impact of global oil price changes on oil-exporting countries varies according to the percentage of the oil sector’s contribution to the formation of GDP compared to other sectors, so we find the countries that constitute the sector Oil has the largest share in the composition of its gross domestic product, and the main source of financing its public spending is more vulnerable to the problems of fluctuations in international oil prices. Oil is the largest share of GDP, so the effects of oil price fluctuations are clearly reflected in economic growth through the general budget channel, which I used the inductive approach based on the presentation and analysis of data and drawing conclusions from it, and I also used the quantitative approach to measure the impact of that relationship between economic variables and analysis of results standard and statistical.
- Article View: 38
- PDF Download: 9