Analyzing and measuring the impact of oil shocks on unemployment rates in Iraq from an economic development perspective

Abstract

Abstract: Iraq is one of the countries exposed to oil price fluctuations, as the price of oil is determined according to the conditions of the global economy, that is, external conditions. This makes the Iraqi economy vulnerable to external shocks. In addition, oil revenues have not been exploited in developing the rest of the economic sectors in order to increase their productivity, and the lack of Investing the surpluses resulting from the oil abundance led to the loss of benefit from these surpluses, and this indicates that oil shocks have a direct and indirect effect in generating economic problems, including unemployment, and the research problem lies in the following questions:

Q1: What are the analytical foundations for the relationship between oil shocks and the unemployment rate?

Q2: What effects can fluctuations in oil prices have on the unemployment rate?

 The research is divided into three sections. The first section includes: The relationship between oil shocks and unemployment (according to an analytical perspective). The second section: Measuring the relationship between oil shocks and the unemployment rate in Iraq. The third section dealt with: Insights and treatments to reduce unemployment rates in Iraq, and conclusions and recommendations were reached.