期刊名称：Journal of Emerging Trends in Economics and Management Sciences
电子版ISSN：2141-7024
出版年度：2015
卷号：6
期号：5
页码：340-353
出版社：Scholarlink Resource Centre
摘要：Iraq has great resource potential that may not be available in other countries. It has a great potential of variousresources that date back to thousands of years. Iraq is one of the areas that have diversity in terms of naturalresources and industrial components. Due to these resources, in 1970, Iraq was among the best countries inproducing and exporting wheat and barley as well as in providing industrial goods. This helped increasing the grossdomestic product (GDP). Since 1980, Iraq passed three wars and economic blockade which had an extensivenegative impact on economic development. Moreover, Iraq is one of the most important oil-exporting countries inthe world and while its oil revenues dominate the overall countries' economic activities of the country, there hasbeen directly and indirectly less attention given to the development of other sectors such agriculture and industrial.As a result, the contribution of agriculture and industrial sectors in Iraq's economic growth suffered from fluctuationand instability; likewise, such sectors minimally contribute to the GDP growth of Iraq. Hence, the purpose of thisstudy examines and analyze factors (Agriculture and Industrial Sectors) that affecting economic growth of Iraq.Research on agriculture and industrial in Iraq reveals strategies and solutions to overcome the obstacles confrontingthe Iraqi economy by diversifying the economy. To achieve study objective the Ordinary Least Squares (OLS),multiple regressions _ Double log with economic analysis were applied in the study and the secondary data from1980 to 2014 was used to estimate the contribution level of economic sectors to economic growth. The empiricalresult shows that political and security instability had negative effects on the agriculture and industrial sectors aswell as on the economic growth. This study also found that both agriculture and industrial sectors had positivelyeffected on gross domestic product (GDP). Nevertheless, the effect of industrial sector was smaller, if compared toagriculture sector. Iraqi government should give opportunities to extensively develop Agriculture and Industrialsectors and in the process help to increase gross domestic product (GDP). Furthermore, government should consideragriculture and industrial diversification as necessary strategies to develop Iraq’s economy. This study contributes tothe body of knowledge because this study attempts to present a clear picture of the agriculture and industrial sectorof Iraq. The study also identifies the problems that facing the Iraqi economy and selects the necessary policy tosolve the problems. Moreover, to the best knowledge of these researchers, no current international academic journalshave published papers on the same subject.
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