Measuring the Impact of Fluctuations in oil Revenues on the Average Per Capita Income in Iraq for the Period (2003-2023)
DOI:
https://doi.org/10.31150/ajebm.v7i7.2841Keywords:
oil revenue fluctuation, average per capita share, oil revenue measurementAbstract
All countries of the world seek to raise the standard of living for their individuals, and the average per capita share of national income is one of the most important indicators that express this. The research aims to measure the impact of fluctuations in oil revenues on the average per capita share, that is, the average per capita income in Iraq during the research period. To achieve this, the method was relied upon analytical and measurement of annual series data, The research reached a number of conclusions, where the stability results were significant, as the oil revenues and average per capita data stabilized at their level, and this indicates to us the existence of a long-term balanced relationship between the two variables, and there is no need to conduct a co- integration test to prove the validity of the research hypothesis that there is a direct relationship between oil revenues and the average per capita share in Iraq during the research period, this was confirmed by the standard results, and these results are compatible with the Iraqi economy, which depends on oil revenues. In conclusion, it is necessary to address any imbalance in the structure of the Iraqi economy through the contribution of other sectors and reducing the dominance of the oil sector. This is achieved by diversifying the sources of non-oil revenues from in order to increase the stability of the well-being of individuals.
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