Development Trends of Oil Exports and It's Effects in the Economic Performance in Iraq for (1985-2011)

Abstract

The current study aimed at estimate the impact of oil exports and the effect other economic variables in the economic performance in Iraq for the period 1985-2011. The standard method was used in analyzing the results using the multiple linear regression analysis and the stepwise، Throughout the estimation process، it was clear that (93%) of the changes in the economic performance that are interpreted by the oil exports with a positive and significant effect and the direct foreign investment, and the total consumption with a positive and statistically significant effect. The imports come to have low positive effect in the estimated model. The indications of the model parameters showed that the estimated results were in correspondence with the economic theory and it was evident that oil exports are the most influential economic variables on the economic performance.