Abstract
Developing countries' external debt is a strategic tool used by creditor countries to exert pressure on debtor countries, creating a complex dynamic. This article explores the determinants of Iraq's external debt. The methodology used includes unit root tests, long-run and short-run analyzes using autoregressive distributed (ARDL) models, and diagnostic tests to ensure model validity. The results reveal that external debt has a significant negative impact in the long and short term on non-oil economic growth in Iraq. The study suggests wise strategies for managing debt, diversifying sources of financing, and prioritizing political stability and infrastructure development to promote economic growth.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Academic Journal of Digital Economics and Stability
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
