Analysis of the Impact of Oil Revenues on Certain Indicators of Iraq’s Economic Development for the Period (2004–2020)

Abstract

This research aims to analyze the impact of the relationship between oil revenues and certain economic development indicators and to see the extent to which oil revenues affect certain economic development indicators in Iraq, using time chains to express the nature of the relationship between the study variables. As well as knowing the effectiveness of revenues derived from the oil sector in achieving economic development in Iraq during the duration of the study, the research found that the structure of the Iraqi economy depends mainly on oil revenues in building its main foundations. Therefore, changes in the volume and export of oil production, as well as crude oil prices, are directly reflected in the structure of the Iraqi economy, This means that oil revenues have contributed in one way or another to the economic development of Iraq.