Vol. 5 No. 2 (2021)
Articles

Study of the impact of financial liberalization on economic growth for the period 2003 - 2019 Iraqi economy - a case study

Published 2021-09-01

Abstract

 In light of the trend of the countries of the world adopting the policy of financial liberalization and its effective role in the economic growth of the country, many countries, including Iraq, have tended to emphasize reforms in the financial and banking sector for the purpose of raising its efficiency in a manner that ensures support for overall stability and provides an opportunity for foreign direct investments to play its role in a positive manner.

The researcher used the standard model which includes stability test, causation and autoregressive model (var). The research reached a set of conclusions that show that there is a direct statistically significant relationship between the deposit ratio indicator to the GDP and the total bee product, in other words, it can be said that the process of financial liberalization accelerated in Iraq during the period (2003-2019(