Abstract
There are many factors which can affect the process of economic growth. The objective of this article is to reveal the impact of export sector on economic growth in Iraq. To do that, data has been gathered for variables such as (oil-mining share to export sector, oil prices). ARDL model is applied to show the impaction of export, oil price and financial crisis on economic growth for the period of (2004-2019). Findings show that the coefficient of export is positively significant in short and longrun. It affects economic growth by 0.24% and 1.57% respectively. However, FC has a negative impact in the short-run by 0.06%. Iraqi’s government should reconsider about the structure of export sector and diversify that sector due to the sensitivity of this sector to the changes in the price of oil. Future study is needed with different time interval, different models, and economic situation.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
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.