The Impact of Domestic Savings on GDP in the Iraqi Economy for the Period (2004–2023)

Abstract

The research aims to analyze the impact of domestic saving on the gross domestic product in the Iraqi economy, relying on the modern methodology of co-integration and using the Autoregressive Distributed Lags Model (ARDL). The results of the co-integration test indicate the existence of a long-term equilibrium relationship between domestic saving and gross domestic product at a significance level of 1%. The research concluded that there is a positive effect of domestic saving on GDP in the short and long term, as increasing domestic saving by one unit will lead to an increase in GDP by (0.202) units in the short term and (1.903) in the long term.