Measuring and Analyzing the Contribution of Oil and non-Oil Revenues on the Growth of Iraqi Economics (2003-2017)

Abstract

The current study aims to determine to what extent the Iraqi economy depends on its rent sector, through studying and analyzing the relationship between oil and non-oil revenues and their impact on economic growth. This is done through using an econometrical model then analyzing the impact of these variables on GDP as a main indicator of economic growth. The study found that there is a positive relationship between the two variables and economic growth. The study also showed that the effect of oil revenues is much higher than the non-oil revenues, which indicates that the Iraqi economy is a rentier economy during the period covered by the current study