Skip to main content

Iraqi GDP since 2003: some simple calculations

Buy Article:

$10.35 plus tax (Refund Policy)

Abstract:

This paper attempts to assess the economic consequences for Iraq of its 2003 invasion. Using revised GDP data (available only back to 1997), it estimates the effects of oil price changes, the invasion, and the threat of invasion on GDP growth rates. Even in a short time series, the invasion is found to be significant at the 10 level, and is associated with a halving of real GDP in 2003. Almost alone among its neighbours and OPEC members, Iraqi real GDP correlates negatively with oil prices over 19972004, a symptom of the economic distortions faced by its economy. While Iraq has received considerable attention from international institutions following the 2003 invasion, its subsequent troubled economic performance should not surprise in light of the transition recessions of the post-Soviet countries.

Keywords: GDP growth; Iraq; event study; invasion; sanctions; transition recession

Document Type: Research Article

DOI: http://dx.doi.org/10.1386/ijcis.1.2.233_1

Publication date: September 14, 2007

More about this publication?
  • The International Journal of Contemporary Iraqi Studies is a new peer-reviewed, tri- annual, academic publication devoted to the study of modern Iraq. In recognition of Iraq's increasingly important position on the world stage, the time is right for a new journal dedicated to scholarly engagement with the country.
  • Editorial Board
  • Information for Authors
  • Subscribe to this Title
  • Ingenta Connect is not responsible for the content or availability of external websites
intellect/ijcis/2007/00000001/00000002/art00006
dcterms_title,dcterms_description,pub_keyword
6
5
20
40
5

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
UA-1313315-26
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more