Adaptation of investment budget with changes of oil prices in global market (An applied study in case of Iraq)

Abstract

This study aims to investigate the impact of oil price fluctuations on the investment budget in Iraq for the years (1999-2008). This study used and applied discreptive and analytical methods in addition to other statistical techniques such as simple regression analysis and others. The study showed a number of results; the most important result was: the significant impact of price fluctuations oil prices. The study recommended that there is a need to reduce dependence on the oil sector revenues in the economic development process,which can be reached through activation of other economic sectors.