IMPACT OF FOREIGN DIRECT INVESTMENT AND ECONOMIC DEVELOPMENT ON REDUCING POVERTY IN IRAQ

Authors

  • Abdulmahdi Raheem Hamza Al-Mustaqbal University, College of Administrative Sciences, Business Administrtion Department
  • Ahmed Hasan shaker Al-Mustaqbal University, College of Administrative Sciences, Business Administrtion Department
  • Amjed Hameed Majeed Al-Mustaqbal University, College of Administrative Sciences, Business Administrtion Department
  • Sundus Jasim Shaaibith AL-Qadisiyah university, College of Economics and Administrative, Economic Department
  • Mohammed saadi kadhim Al-Mustaqbal University, College of Administrative Sciences, Business Administrtion Department

Keywords:

Foreign direct investment, Economic development, Poverty reduction, Employment, Industrialization

Abstract

The poverty reduction has been the significant factor for the success of the country and also included this factor in the sustainable development goals and this aspect needs the  researchers’ emphasis. Hence, the present article investigates the impact of foreign direct investment (FDI) and economic development (ED) on the poverty reduction (PR) in Iraq. The study also used the employment and industrialization as the control variables. The study gathered the secondary data from the World development Indicators (WDI) from 1991 to 2023. The study also employed the dynamic Autoregressive distributed lag (DARDL) model to check the nexus among the variables. The outcomes indicated that the FDI, ED, employment and industrialization have a negative association with poverty count and positive association with PR in Iraq. The article guides the policymakers in making the policies regarding to reduce the poverty using effective FDI, ED, industrialization and employment rate.

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Published

2024-10-29

Issue

Vol. 16 No. 2 (2024): International Journal of Economics and Financial Studies

Section

Original Article