Measuring the impact of private investment on GDP in the Kurdistan Region for the period (2006-2016): an analytical standard study
DOI:
https://doi.org/10.25007/ajnu.v9n4a1032Abstract
Investment is one of the main components of the national income in the modern era because of its vital impact due to its multiple and varied economic, social and political dimensions. Also, changes in the gross national product depend to a large degree on investment and its components. The economy of the Kurdistan Region is heading towards an ambiguous path as a result of not directing investments to all joints of the economy, and despite numerous attempts by the Investment Commission during the issuance of its laws and instructions, it has not been able to substantially prove its role in this field. This research aims to demonstrate the measurement of the impact of private investment on GDP in the Kurdistan Region. In order to achieve this goal, the research relied on the approach (analogical - analytical) by collecting secondary data from various sources for the period (2006-2016). Finally, the research reached a set of conclusions, including that despite the weak political stability in the Kurdistan Region of Iraq, the impact of private investment on GDP during the period (2006-2016) is positive in the short and long terms, but at different levels. An increase in private investment by (1%) leads to an increase in the GDP and the average per capita share in the Kurdistan Region by (0.19%) and (0.23%) respectively in the short term, but this effect has increased to (0.31%) and ( 0.49%), respectively, in the long term. Accordingly, it is necessary to give a greater role to the private sector in order to increase the accumulation of capital and investment through the activation of laws and instructions for investment in the private sector.
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