Title

Determining The Structure Of Iraq's Foreign Merchandise (non-Oil) Trade, 1953-1972

Date of Award

1980

Availability

Article

Degree Name

Doctor of Arts (D.A.)

Abstract

The purpose of the study is to estimate and test the significance of the relationships between Iraq's trade structure and (1) per capita gross national product; (2) size of the market; and (3) government expenditures' share in gross domestic product.The relationship between the first two variables and trade structure is illustrated in the study by applying Staffan Linder's trade theory of "representative demand." The significance of the third variable is extracted from the realities of Iraq's economy in which the government plays a significant role.Two alternative reduced forms from multi-structural equations in a general equilibrium system are employed for the purpose of conducting the empirical study. The first equation estimates a linear relationship between Iraq's trade structure and per capita product and the size of the market. The second equation adds government expenditures' share in GDP.The model succeeded to a degree in determining the major exogenous variables that influence the share in GDP of Iraqi total imports and imports of manufactured products. However, the model seems deficient in determining the variables that influence the share in GDP of imports of food and raw materials and of non-oil exports and their subdivisions.

Keywords

Economics, General

Link to Full Text

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