Analysis of the financial synchronization hypothesis in the Iraqi economy using the Toda-Yamamoto causality methodology
Keywords:
Financial Synchronization, Toda-Yamamoto Causation MethodologyAbstract
The nature of the relationship between government revenues and expenditures has attracted increasing attention from researchers and policymakers in oil countries following the sharp collapse of crude oil prices in mid-2014, the worsening of fiscal deficits and public debt levels At rates that threaten the sustainability of growth, stability and economic growth in these countries. Identifying the correlation between government revenue and expenditure will help economic decision-makers understand the source of underlying financial imbalances and design a financial reform strategy that is appropriate to the current economic conditions and conditions in the oil-rent economies. The methodology of Johansen and Juselius and Toba and Yammamoto was used to test the hypothesis of fiscal synchronization and the three alternative hypotheses in the Iraqi economy during the period (1980-2015) to verify the nature and direction of the relationship between the variables mentioned.
References
هيشام، عياد، العلاقة السببية بين معدل الفقر واللامساواة والنمو الاقتصادي باستعمال منهجية Toda-Yamamoto، مجلة جامعة القدس المفتوحة للأبحاث والدراسات الإدارية والاقتصادية ، المجلد الثاني: العدد (7)، 2017.
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