Analysis of the Dynamic Impact of Economic Growth on Human Development Indicators in Iraq (2004-2023)
DOI:
https://doi.org/10.61132/anggaran.v3i4.1839Keywords:
Economic Analysis, CEO Education, GDP, Health, Human Development, Iraq, Iraqi Economy, Oil Dependency, Sustainable DevelopmentAbstract
This paper examines the dynamic relationship between the change in economic growth and the indicators of sustainable human development in Iraq between 2004 and 2023. The paper provides an example of what can happen when there is overdependence on oil and a lack of investment in the key areas of the economy, such as education and healthcare, which lead to negative outcomes in the human development indicators in Iraq. The paper uses highly sophisticated analytical and econometric tools to examine the relationship between GDP growth, per capita income, government spending, oil exports, and inflation and their effects on human development in Iraq. The findings show that there is a positive but weak relationship between economic growth and indicators of human development in Iraq. This underscores the need that appropriate policy recommendations be made aimed at diversifying the Iraqi economy and also investing more in human capital to facilitate sustainable economic growth and improvement in the quality of life of the Iraqi people.
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