MEASURING THE IMPACT OF OIL PRICE FLUCTUATIONS IN GLOBAL MARKETS ON INVESTMENT BUDGETS IN IRAQ USING ARDL METHODOLOGY FOR THE PERIOD (2004-2021)

Abstract

The study intends to examine oil prices in international markets and elucidate their influence on Iraqi government investment expenditures from 2004 to 2021. Three sections of the research were created in order to accomplish this. The first section was devoted to the concept of the oil price and its types an explanation of the most important factors that lead to its fluctuations and instability in Oil markets, and then a review of the changes that occurred during the period from 2004-2021. The idea of investment budgets and how to finance them was covered in the second section. The structure of public expenditures in Iraqi budgets was analyzed and the focus of our research was specifically the analysis of the structure of investment expenditures, while the third section was devoted to the topic of measuring The impact of oil price fluctuations on investment budgets in Iraq, using the Autoregressive Distributed Slow Regression (ARDL) methodology and using a package of statistical programs Eviews12 to analyze and demonstrate the impact.