Academy of Entrepreneurship Journal (Print ISSN: 1087-9595; Online ISSN: 1528-2686)


Econometric Analysis of Oil Revenue Effect On Foreign Reserves of the Iraqi Economy 2003-2018.

Author(s): Haidar Ali Mohammed Al Dulaimi, Asam Mohamed aljebory, Husam Abas Ali and Mustafa Habeeb obaid Al Imari

The Iraqi economy is affected by the changes taking place in oil prices, due to its entire property. The study attempted to show the impact of oil revenues as constituting the greatest percentage of public revenues, on international reserves held by the Iraqi central bank for the period from (2003-2018). The relationship was estimated using the regular least squares method (OLS) and using the Engle methodology to test the joint integration and the study concluded that oil revenues are associated with international reserves with a strong direct relationship, whether in the long or short run.

Get the App