The impact of some monetary indicators on gross domestic investment in Iraq
Other Title(s)
أثر بعض المؤشرات النقدية على الاستثمار 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. 2 (30 Jun. 2021), pp.555-569, 15 p.
Publisher
Tikrit University College of Administration and Economic
Publication Date
2021-06-30
Country of Publication
Iraq
No. of Pages
15
Main Subjects
Topics
Abstract EN
The paper examines the impact of a number of monetary indicators on gross domestic investment 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 test results show that gross domestic investment and most of the variables series included in this study depict stationarity in their levels except for net domestic assets, and policy interest rate (end of period) where they depict trend in levels, however, they appear stationary in their first differences.
Regression analysis show that except for base money variable, all independent variables included in this model seem to have significant relationships with the dependent variable, and the group of independent variables represented in the model are jointly significant.
Cointegration test is established for gross domestic investment and monetary indicators suggesting there is a long-run equilibrium relationship between the series.
LM test result reveal that the proposed model is valid as there is no serial correlation in the errors in the model.
The results of the study indicate that the policymakers would have to concentrate on creating a favorable environment for private-sector growth in an economy dominated by oil production and public spending, as well as public investment practices require significant reforms by the authorities.
American Psychological Association (APA)
Khalil, Zayn Jamil& al-Jamil, Sarmad Kawkab. 2021. The impact of some monetary indicators on gross domestic investment in Iraq. Tikrit Journal of Administration and Economics Sciences،Vol. 17, no. 54، ج. 2, pp.555-569.
https://search.emarefa.net/detail/BIM-1266550
Modern Language Association (MLA)
Khalil, Zayn Jamil& al-Jamil, Sarmad Kawkab. The impact of some monetary indicators on gross domestic investment in Iraq. Tikrit Journal of Administration and Economics Sciences Vol. 17, no. 54, ج. 2 (2021), pp.555-569.
https://search.emarefa.net/detail/BIM-1266550
American Medical Association (AMA)
Khalil, Zayn Jamil& al-Jamil, Sarmad Kawkab. The impact of some monetary indicators on gross domestic investment in Iraq. Tikrit Journal of Administration and Economics Sciences. 2021. Vol. 17, no. 54، ج. 2, pp.555-569.
https://search.emarefa.net/detail/BIM-1266550
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1266550