Measuring the effect of cash credit on industrial production in Iraq for the period of 2003-2020

Economic Annals-ХХI: Volume 188, Issue 3-4, Pages: 98-103

Citation information:
Zamil, S. M., Bahit, Gh. Sh., & Balhawi, H. K. (2021). Measuring the effect of cash credit on industrial production in Iraq for the period of 2003-2020. Economic Annals-XXI, 188(3-4), 98-103. doi: https://doi.org/10.21003/ea.V188-11


Salam Mounam Zamil
PhD (Economics),
Assistant Professor,
Associate Dean for Scientific Affairs and Postgraduate Studies,
Faculty of Administration and Economics,
Wasit University
Central Str., Kut, 52001, Iraq
salam_economic@yahoo.com

Ghalib Shaker Bahit
PhD (Economics),
Assistant Professor,
Head, Department of Banking and Financial Sciences,
Faculty of Administration and Economics,
Wasit University
Central Str., Kut, 52001, Iraq
Ghalib.Sh43@gmail.com
ORCID ID: https://orcid.org/0000-0003-0973-488X

Hatem Kareem Balhawi
PhD (Economics),
Assistant Professor,
Department of Banking and Financial Sciences,
Faculty of Administration & Economics,
Wasit University
Central Str., Kut, 52001, Iraq
hbalhawi@uowasit.edu.iq
ORCID ID: https://orcid.org/0000-0003-4245-4935

Measuring the effect of cash credit on industrial production in Iraq for the period of 2003-2020

Abstract. The monetary sector in Iraq occupies a distinguished position as it manages the movement of money, which is the main engine of economic activity. The importance of research is determined by studying the relationship between cash credit and its role in fostering economic activities, especially in the industrial sector. The authors of the research aim to study and analyze the nature of domestic credit in Iraq and its role in developing the industrial sector. The research originates from the hypothesis that credit changes in Iraq have a major role in developing industrial economic activities. In order to reach the purpose of the research and verify the hypothesis, an analysis of the domestic crediting in Iraq, along with its role in the development of the industrial sector, and the causal importance of the types of cash credit in Iraq was carried out. In this study, the descriptive inductive approach is relied on the analysis of monetary credit indicators in Iraq. In addition to the quantitative method of analyzing the available data on the relationship between cash credit and the industrial sector, the authors used the EViews 12 software.

Keywords: Industrial Production; EViews12; Private Banks; Public Banks; Statistical Analysis

JEL Classifications: N10; O13

Acknowledgments and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V188-11

References

  1. Awad, R. K. R., Abass, S. H., & Battal, A. H. (2021). The Effect of Economic Globalization Indicators on the Human Development Index: A Case Study of Iraq for the Period (2004-2019). Psychology and Education, 58(2), 11430-11452.
    http://psychologyandeducation.net/pae/index.php/pae/article/view/4326/3838
  2. Colombo, V., & Paccagnini, A. (2020). Does the credit supply shock have asymmetric effects on macroeconomic variables? Economics Letters, 188, 108958.
    https://doi.org/10.1016/j.econlet.2020.108958
  3. Hassan, K. G., & Sabah, W. (2019). Measuring the impact of some macroeconomic variables on the stock price index in the Iraq Stock Exchange for the period (2006-2015). Academic Journal of Nawroz University, 8(4), 93-106.
    https://doi.org/10.25007/ajnu.v8n4a441
  4. Jo, S. (2014). The effects of oil price uncertainty on global real economic activity. Journal of Money, Credit and Banking, 46(6), 1113-1135.
    https://doi.org/10.1111/jmcb.12135
  5. Kudryavtsev, A. (2021). The correlation between stock returns before and after analyst recommendation revisions. Economic Annals, 66(228), 69-100.
    https://doi.org/10.2298/EKA2128069K
  6. Mahdi, D. S., & Al-Naimi, A. T. (2021). Credit Impact on Firm Profitability in Iraqi, Jordanian, and Kuwaiti Stock Markets. The Journal of Asian Finance, Economics and Business, 8(3), 469-477.
    https://doi.org/10.13106/jafeb.2021.vol8.no3.0469
  7. Mohammed, R. A., Abdulaali, B. A. K., & Khuzaae, M. H. A. (2020). Cash Comparison Period Comparison of Values of Companies (Application Study in The Eyes Of Iraqi Industrial Companies). PalArch’s Journal of Archaeology of Egypt/Egyptology, 17(8), 1121-1133.
    https://archives.palarch.nl/index.php/jae/article/view/6912
  8. Qin, X., Huang, G., Shen, H., & Fu, M. (2020). COVID-19 pandemic and firm-level cash holding-moderating effect of goodwill and goodwill impairment. Emerging Markets Finance and Trade, 56(10), 2243-2258.
    https://doi.org/10.1080/1540496X.2020.1785864
  9. Tang, D. Y., & Yan, H. (2010). Market conditions, default risk and credit spreads. Journal of Banking & Finance, 34(4), 743-753.
    https://doi.org/10.1016/j.jbankfin.2009.05.018
  10. Wu, J., Teng, J. T., & Chan, Y. L. (2018). Inventory policies for perishable products with expiration dates and advance-cash-credit payment schemes. International Journal of Systems Science: Operations & Logistics, 5(4), 310-326.
    https://doi.org/10.1080/23302674.2017.1308038

Received 1.03.2021
Received in revised form 29.03.2021
Accepted 31.03.2021
Available online 10.05.2021