September 10, 2025

Dynamic Analysis of Economic Crises: A Special Case Study of Iraq (2000-2024)

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Iraq’s economy shows a long-term dependence on oil revenues and fiscal policies, shaping its growth.
The ARDL model indicates a stable equilibrium among GDP growth, fiscal deficit, and oil prices.
Short-run adjustments to deviations from economic equilibrium occur quickly, impacting policy effectiveness.
Monitoring economic fluctuations is crucial for Iraq's fiscal stability in a resource-dependent environment.

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Analysis using the ARDL model reveals how oil revenues and fiscal policies shape Iraq's economy.

Neama et al. (2025) studied this question.

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