International Debt for the Sake of Local Debt and The Economic Situation in Iraq
This study objectively examines the influence of Iraq's foreign debt on its economy. Periodic secondary data were obtained (2004 -2021). Descriptive statistics were used to analyze the data collected for the investigation. Multiple regression analyses were done to examine the data's causat...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Tishk International University
2022-10-01
|
| Series: | Eurasian Journal of Management & Social Sciences |
| Subjects: | |
| Online Access: | https://ejmss.tiu.edu.iq/index.php/ejmss/article/view/27 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849252225030815744 |
|---|---|
| author | Hawre Latif Majeed |
| author_facet | Hawre Latif Majeed |
| author_sort | Hawre Latif Majeed |
| collection | DOAJ |
| description | This study objectively examines the influence of Iraq's foreign debt on its economy. Periodic secondary data were obtained (2004 -2021). Descriptive statistics were used to analyze the data collected for the investigation. Multiple regression analyses were done to examine the data's causation effect link. It employed foreign debt as the dependent variable. In contrast, gross domestic product, total government expenditures, and total government debt were the independent variables, and gross international reserves were used as indices for the independent variable. This study explains why economics in developing countries such as Iraq suffers in management because the government depends on external debt to supply revenues for the total government expenditures. At the same time, the international reserves of Iraq are insignificant in explaining economic growth. The study recommends, amongst other things, that good change in the use of foreign loans on investment expenditure will be stimulated to stimulate the Iraqi economy. The results indicate that external debt significantly negatively affects the gross domestic product. |
| format | Article |
| id | doaj-art-953c4e4f48dd47248841fe12cfdc85e5 |
| institution | Kabale University |
| issn | 2708-177X 2708-034X |
| language | English |
| publishDate | 2022-10-01 |
| publisher | Tishk International University |
| record_format | Article |
| series | Eurasian Journal of Management & Social Sciences |
| spelling | doaj-art-953c4e4f48dd47248841fe12cfdc85e52025-08-20T03:56:41ZengTishk International UniversityEurasian Journal of Management & Social Sciences2708-177X2708-034X2022-10-0133658110.23918/ejmss.V3i3p6527International Debt for the Sake of Local Debt and The Economic Situation in IraqHawre Latif Majeed0Department of accounting, Kurdistan Technical Institute, Qaiwan International University Sulaymaniyah, Kurdistan Region, IraqThis study objectively examines the influence of Iraq's foreign debt on its economy. Periodic secondary data were obtained (2004 -2021). Descriptive statistics were used to analyze the data collected for the investigation. Multiple regression analyses were done to examine the data's causation effect link. It employed foreign debt as the dependent variable. In contrast, gross domestic product, total government expenditures, and total government debt were the independent variables, and gross international reserves were used as indices for the independent variable. This study explains why economics in developing countries such as Iraq suffers in management because the government depends on external debt to supply revenues for the total government expenditures. At the same time, the international reserves of Iraq are insignificant in explaining economic growth. The study recommends, amongst other things, that good change in the use of foreign loans on investment expenditure will be stimulated to stimulate the Iraqi economy. The results indicate that external debt significantly negatively affects the gross domestic product.https://ejmss.tiu.edu.iq/index.php/ejmss/article/view/27external debtgross domestic productgovernment expendersgross internationaleconomic growthiraq economic |
| spellingShingle | Hawre Latif Majeed International Debt for the Sake of Local Debt and The Economic Situation in Iraq Eurasian Journal of Management & Social Sciences external debt gross domestic product government expenders gross international economic growth iraq economic |
| title | International Debt for the Sake of Local Debt and The Economic Situation in Iraq |
| title_full | International Debt for the Sake of Local Debt and The Economic Situation in Iraq |
| title_fullStr | International Debt for the Sake of Local Debt and The Economic Situation in Iraq |
| title_full_unstemmed | International Debt for the Sake of Local Debt and The Economic Situation in Iraq |
| title_short | International Debt for the Sake of Local Debt and The Economic Situation in Iraq |
| title_sort | international debt for the sake of local debt and the economic situation in iraq |
| topic | external debt gross domestic product government expenders gross international economic growth iraq economic |
| url | https://ejmss.tiu.edu.iq/index.php/ejmss/article/view/27 |
| work_keys_str_mv | AT hawrelatifmajeed internationaldebtforthesakeoflocaldebtandtheeconomicsituationiniraq |