The Effect of Export on Economic Growth in Iraq for the period of (2004-2019)

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 long-run. 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.