Measuring and analyzing the impact of oil price shocks on domestic public debt in the Iraqi economy for the period (2004-2026) using the Nonlinear Distributed Slower Auto regression (NARDL) model
Background The Iraqi economy—the subject of this study—is a rentier economy highly susceptible to shocks stemming from oil price fluctuations. Consequently, oil revenues in the general budget are significantly affected by these shocks, given that they account for 90% of total public revenue—a fact that has deeply entre...