THE IMPACT OF OIL PRICE ON ECONOMIC GROWTH: AN INVESTIGATION ON IRAQI ECONOMY

Year 2019, Volume: 2 Issue: 6, 273 - 285, 31.07.2019

Semih Serkant Aktuğ , Mehmet Dağ , Hawar Rafaat Star

https://doi.org/10.33723/rs.580739

Cited By: 3

Abstract

Iraq is one of the leading oil exporting countries.
In general, the national income of the country depends on crude oil. Oil
revenues in Iraq cover 90 percent of the Iraqi government's budget. The rising
crude oil price may affect the economic growth in Iraq. On the other hand, it
is very important to use another resource instead of oil revenues as a new strategy
for national income.

The main purpose of this study is to examine the
effects of oil price and oil production value on economic growth in Iraq. For
this purpose, annual growth rate, compound growth rate and correlation coefficient
for the period between 1995-2017 were used. According to the results of the
analysis, it was found that there is a statistically significant positive
relationship between oil price and GDP, oil production value and GDP for Iraqi
economy.

Keywords

Oil Price, Economic Growth, Oil Demand, Oil Supply

Petrol Fiyatının Ekonomik Büyüme Üzerindeki Etkisi: Irak Ekonomisi Üzerine Bir İnceleme

Abstract

Irak, önde gelen petrol
ihraç eden ülkelerden biridir. Genel olarak ülkenin milli geliri ham petrollere
bağlıdır. Irak'taki petrol gelirleri, Irak hükümetinin bütçesinin yüzde 90'ını
kapsamaktadır. Artan ham petrol fiyatı Irak'taki ekonomik büyümeyi
etkileyebilmektedir. Diğer taraftan, milli gelir elde etmek için yeni bir
strateji olarak petrol gelirleri yerine başka bir kaynak kullanılması önemli
bir gereklilik olarak ön plana çıkmaya başlamıştır.

Bu
çalışmanın temel amacı Irak’ta petrol fiyatının ve petrol üretim değerinin
ekonomik büyüme üzerindeki etkilerini incelemektir. Bu amaçla 1995-2017 yılları
arası döneme ait yıllık büyüme oranı, bileşik büyüme oranı ve korelasyon
katsayısı kullanılmıştır. Analiz sonuçlarına göre Irak ekonomisi için petrol
fiyatı ile GSYİH, petrol üretim değeri ve GSYİH arasında istatistiksel olarak
anlamlı bir pozitif ilişki olduğu bulgusu elde edilmiştir.

Keywords

Petrol Fiyatları, Ekonomik Büyüme, Petrol Talebi, Petrol Arzı

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