Impact of Financial Policy Tools on Determining Iraq's Economic Growth Rates in Crises for the Period 2003-2016

Abstract

The financial policy represented by its direct and indirect instruments is one of the most important economic policies. Because it affects the overall economic activity, and it has the necessary tools to manage public money through spending, and public revenue and how to dispose of it as best as possible memory the importance of studying has been developed. Therefore, there are many economic crises, and problems affecting the work of fiscal policy in Iraq, especially after 2003. This Research is trying to test the hypothesis of the use of financial policy instruments in the required form would improve economic growth rates and seek to identify policy instruments by relying on the logic of economic theory, and strengthening it on the record side with the program (Eviews). Then follow the impact of economic crises on the model by relying on the quantitative approach and the theoretical framework of the research, with a time series data of (2003-2016). The study has reached set of conclusions and recommendations some of them are shown hereunder; 

1. Financial policy instruments are one of the most important tools in improving economic growth rates.


2. The applied aspect proved the validity of the hypothesis by relying on the logic of economic theory and the standard aspect.