أثر الاستثمار الأجنبي غير المباشر على الناتج المحلي الإجمالي في العراق للمدة (2009-2019)‎

الملخص EN

It is obvious that some of developing countries may have lack in their essential resources to cover their investment and then advances the economic development process; the reason could be due low average of per capita, further, decline in the rate of Gross Domestic Product (GDP) growth and subsequently affect negatively the level of investment.

This effect will lead to shortage in necessary fund allocated to the development process.

This shortage will encourage the foreign investment to grow to finance the necessary activities in the domestic markets in both ways direct and indirect.

After the dramatic changes in the year 2003, Iraq has faced radical shifting in its economy finance, this change was supported by many necessary laws, programs, and then establishing Iraqi stock exchange.

Despite of steps adopted by the Iraqi legislators, the results were not up to the potential to attract both or either direct or indirect foreign investment.

The study objective is to explore the role of foreign indirect investment (portfolio investment) on Iraqi GDP for the period from 2009 to 2019.

The study has employed standard analysis tools to test the relationship between foreign indirect investment and GDP.

The study, therefore, found positive and significant relationship between the study variables i.

e.

indirect foreign investment & GDP in short term period.