Analysis And Measurement Of The Impact Of Some Developmental Indicators (Employment In The Agricultural Sector, Investment Spending, Oil Exports) On The Growth Of Agricultural GDP In Iraq For The Period 2004-2022
This research looks at how Iraq's agricultural GDP grew between 2004 - 2022 in relation to three important indicators: oil exports, investment expenditure, and agricultural employment. The investigation measures the correlations between these variables and agricultural GDP growth using ARDL regression methods on a large dataset. The findings show a strong positive correlation between agricultural GDP growth and employment, indicating that expanding the workforce in this industry boosts production and productivity. Investment expenditure also has a significant beneficial impact, underscoring the role that money plays in advancing agricultural growth. On the other hand, even while oil exports boost the economy as a whole, their effect on the development of agricultural GDP is more nuanced, indicating possible difficulties with resource allocation. According to the report, financial investments in the agricultural sector boost agricultural development, which encourages more public and private funding for agricultural initiatives that boost output and upgrade infrastructure. Despite being a significant contributor to the national economy, oil earnings' effects on the agriculture sector need efficient management to guarantee that funds are distributed to help agriculture rather than only depending on them.The findings highlight the need of coordinating macroeconomic and agricultural policy in order to enhance agricultural performance and promote overall economic development. Establishing partnerships between the public and private sectors to support agricultural projects, creating training programs to improve the skills of agricultural workers, putting policies in place that encourage the employment of women and youth in agricultural activities, offering financial incentives to investors in the agricultural sector, allocating a portion of oil revenues to invest in agricultural infrastructure, and creating plans to allocate investments to projects that improve food security are some of the most crucial recommendations
Authors
- Miqdad Jassim
Publication Details
- Journal
- IOSR Journal of Economics and Finance
- Published
- 2024-12-01
- DOI
- https://doi.org/10.9790/5933-1506063643
- Primary Topic
- Natural Resources and Economic Development
- Type
- article
- Field-Weighted Citation Impact
- 0.00