Effect of Oil Prices Fluctuations on
Agricultural Gross Domestic Product
in Iraq: Autoregressive Distributed
Lag (ARDL) Approach
Oil Price
Exchange Rate
AGDP
Bounds Test Co-integration
ARDL
The research dealt with the analysis of the relations between the GDP of the agricultural sector in Iraq, oil prices, the exchange rate and the GDP both on the short term and long term. The research adopted data analysis for the period from 1980-2019 using the ARDL model. the results indicate the existence of long-term relationships between oil prices and the prices of each agricultural commodity at a significance level of 5%. Also, oil prices have a negative consequence on agricultural production in Iraq, and the Iraqi economy is a rentier economy that depends mainly on oil as a source of income and budget financing.
