The impact of some public finance variables on the gross national savings in Iraq
Other Title(s)
أثر بعض مؤشرات المالية العامة على الادخار المحلي الإجمالي في العراق
Joint Authors
Khalil, Zayn Jamil
al-Jamil, Sarmad Kawkab
Source
Tikrit Journal of Administration and Economics Sciences
Issue
Vol. 17, Issue 54، ج. 3 (30 Jun. 2021), pp.430-443, 14 p.
Publisher
Tikrit University College of Administration and Economic
Publication Date
2021-06-30
Country of Publication
Iraq
No. of Pages
14
Main Subjects
Topics
Abstract EN
The paper attempts to show the impact of public finance in on gross national savings in Iraq for the period 2004-2024, by using a regression analysis model in addition to adopting several statistical techniques in the purpose of testing the model validation.
Unit root tests show that both gross national savings and public finance variables are stationary in levels.
Regression analysis show that there are significant relationships between gross national savings and a couple public finance variables included in the model: current expenditure, capital expenditure, and Overall fiscal balance (including grants).
The group of independent variables represented in this model are jointly significant.
Cointegration test is established for gross national savings and public finance suggesting there is a long-run equilibrium relationship between the series.
Finally, LM test result reveal that the proposed model is valid as there is no serial correlation in the errors in the model.
The research came to the conclusion that there are still significant challenges for Iraq's financial system to work effectively, from which the continued need for security must be reinforced first and foremost.
The suggestions from this research stress on the importance of maintaining a stable macro-financial environment and enhance the business environment.
In addition, many structural reforms also have to be completed, in particular in the areas of public financial administration and banking restructuring.
American Psychological Association (APA)
Khalil, Zayn Jamil& al-Jamil, Sarmad Kawkab. 2021. The impact of some public finance variables on the gross national savings in Iraq. Tikrit Journal of Administration and Economics Sciences،Vol. 17, no. 54، ج. 3, pp.430-443.
https://search.emarefa.net/detail/BIM-1266273
Modern Language Association (MLA)
Khalil, Zayn Jamil& al-Jamil, Sarmad Kawkab. The impact of some public finance variables on the gross national savings in Iraq. Tikrit Journal of Administration and Economics Sciences Vol. 17, no. 54, ج. 3 (2021), pp.430-443.
https://search.emarefa.net/detail/BIM-1266273
American Medical Association (AMA)
Khalil, Zayn Jamil& al-Jamil, Sarmad Kawkab. The impact of some public finance variables on the gross national savings in Iraq. Tikrit Journal of Administration and Economics Sciences. 2021. Vol. 17, no. 54، ج. 3, pp.430-443.
https://search.emarefa.net/detail/BIM-1266273
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1266273