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Measuring and Analyzing the Impact of Public Debt on Investment in Iraq for the Period "2004 -2019"

المصدر: المجلة العراقية للعلوم الإقتصادية
الناشر: الجامعة المستنصرية - كلية الإدارة والاقتصاد
المؤلف الرئيسي: Noori, Nyaz Najmalddinni (Author)
مؤلفين آخرين: Saeed, Sazan Taher (Co-Author)
المجلد/العدد: مج21, ع79
محكمة: نعم
الدولة: العراق
التاريخ الميلادي: 2023
الشهر: كانون الأول
الصفحات: 393 - 414
رقم MD: 1469955
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
مواضيع:
كلمات المؤلف المفتاحية:
Total Investment | Public Debt | Interest Rate | ARCH Model | Iraq
رابط المحتوى:
صورة الغلاف QR قانون
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المستخلص: In the recent economic literature, there has been a great deal of discussion about the impact of public debt on investment. Many economists and other observers have viewed the public debt as harmful to the economy. The supposed harmful impacts include crowding out of investment due to raising interest rates. This paper reexamines the real impact of public debt on investment in Iraq. A time series analysis for the period between 2004 and 2019 has been used. It applies the ARCH model cointegration framework based on data from the central bank of Iraq, the World Bank, previous studies, etc. Based on the analysis as well as the results reached, it has been shown that there is a positive impact of public debt on total investment in Iraq, suggesting that reasonable levels of borrowing by a developing country are likely to enhance its economic growth and investment. This relation is different from other factors taken in this study, including inflation, GDP, and interest rates.