The Impact of Oil Price Shocks on Economic Growth - Iraq A Case Study for The Period (1968 - 2019) Using Symmetric and Asymmetric Co-Integration Analysis

This study investigates the symmetry and asymmetry impact of oil price shocks on economic growth for Iraqi economy during 1968-2019. For this purpose, we utilizing Linear Autoregressive Distributed Lag (ARDL) Nonlinear (NARDL).  The linear nonlinear ARDL found that have a positive long-run growth, as F statistics are greater than critical upper bound in all models. Moreover, results NARDL estimators show evidence: increases(LROILP+) significant real GDP per capita, While Price decrease coefficients(LROILP-) insignificant smaller increase(LROILP+). That means an increase leads to raises capita. Consequently, its Standard living terms capita sensitively affected by changes due strong tide with world changes. Then, diversify economy, only best choice front policymakers.