Abstract

The research aims to demonstrate the impact and analysis of financial indicators on the rate of economic growth in Iraq through the gross domestic product, and to determine the repercussions of the policy of financial liberalization on the Iraqi economy. The economic measurement dealt with the impact of financial indicators on the economic growth rate for the period under discussion, and to achieve this, the Autoregressive Distributed Deceleration (ARDL) model was used, the analytical results showed the small size of the financial market in Iraq and its weak role in revitalizing the national economy. As for the results of the benchmark side, it showed the existence of a long-term equilibrium relationship between the independent variables and the general index of the Iraqi market for securities, and the results of estimating the ARDL model showed a positive impact. In the long term, there is a significant difference between the banking sector and economic growth, as a rise in the percentage of loans in the amount of one unit will lead to a rise in economic growth by (0.02), while market capitalization had an adverse effect on economic growth, as an increase in market capitalization by one unit would lead to a decrease in growth by (0.05).

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The article was added to IASJ on 2022-07-28

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