Work

The Impact of Domestic Public Debt on Agricultural Government Investment and Economic Growth: Evidence from Iraqi between 2004 and 2022

Year: 2024

Type: article

Abstract: The study aims to assess the impact of domestic public debt (DPD) on agricultural government investment (AGI) and economic growth in Iraq from 2004 to 2022 using the Autoregressive Distributed Lag (ARDL) model. The results demonstrate a significant cointegration relationship between DPD and economic growth, as indicated by the negative error correction coefficient (–0.0622), which is statistically significant at the 5% level. The study finds that DPD has a considerable positive effect on economic growth in the short term (2.5695) and long run (7.7793), with statistical significance at the 1% and 5% levels, respectively. Conversely, DPD did not have any discernible impact on AGI. The DPD and AGI were not cointegrated during the research period. Based on these findings, it is recommended that the Iraqi government formulate a clear strategy to manage DPD and establish precise criteria for the principles and conditions governing the use of domestic loans to optimize their effectiveness in agricultural economic development.

Source: Research on World Agricultural Economy

DOI: 10.36956/rwae.v5i3.1124

Authors: Saad Abdalkareem Hammad, Noor Yousif Outhman, Mustafa Fadel Hamad, Ghazi Faisal, Thakir Hadi Abdullah, Ali Abd Ulkareem

Institutions: University of Anbar, Al-Idrisi University College, Ministry of Education

Language: English

Topic: Fiscal Policy and Economic Growth

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Zero hunger, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $400