Title: The impact of oil exports on consumer imports in the Iraqi economy and COVID-19 period, a theoretical study
Authors: Mustafa Kamil Rasheed; Ali Mahdi Abbas Al-Bairmani; Abir Mohammed Jasim Al-Hussaini
Addresses: College of Management and Economic, Al Mustansiriyah University, Baghdad, Iraq ' College of Management and Economic, Al Mustansiriyah University, Baghdad, Iraq ' College of Management and Economic, Al Mustansiriyah University, Baghdad, Iraq
Abstract: The COVID-19 pandemic has caused the closure of economic activity in most countries in general, and developing countries in particular, which caused additional economic losses in developing countries that suffer from weak productive links and sectoral interdependence limited. The Iraqi economy suffers from the dominance of the oil sector, which has led to the sustainability of the structural imbalance in the output, the weakness of economic linkages, economic activities decline, weakness of the aggregate productivity of the economy. ARDL model proved the effect of oil exports in consumption imports by 0.05 in the current year and 0.038 in the second lag year. The research recommended diversifying the Iraqi economy, and utilising the financial returns from the sale of crude oil in building the Iraqi economy.
Keywords: oil exports; consumer imports; total exports; production activities; COVID-19; Iraqi economy.
International Journal of Computer Applications in Technology, 2021 Vol.66 No.3/4, pp.246 - 253
Received: 12 Jul 2020
Accepted: 05 Aug 2020
Published online: 21 Jan 2022 *