The relationship between petroleum price and real exchange rate: an example of Iraq

Petroleum is one of the world's most important economic products. It is widely accepted that petroleum is not only an energy product, but also a financial asset. Therefore, it is important to understand the dependence of petroleum prices on economic conditions and financial markets and how they...

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Autores principales:	Dindar Saeed Saeed, Sadeq Taha Abdulazeez, Sarbast Kamal Rasheed, Rogash Younis Masiha, Diyar Hashim Malo
Formato:	article
Lenguaje:	EN
Publicado:	Refaad 2021
Materias:	petroleum price real exchange rate unit root cointegration causality Mathematics QA1-939
Acceso en línea:	https://doaj.org/article/8d31d53771cb45fa8da940c1c0867b6c
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spelling	oai:doaj.org-article:8d31d53771cb45fa8da940c1c0867b6c2021-11-13T17:31:50ZThe relationship between petroleum price and real exchange rate: an example of Iraq10.31559/glm2021.11.1.32519-92692519-9277https://doaj.org/article/8d31d53771cb45fa8da940c1c0867b6c2021-09-01T00:00:00Zhttps://www.refaad.com/Files/GLM/GLM-11-1-3.pdfhttps://doaj.org/toc/2519-9269https://doaj.org/toc/2519-9277Petroleum is one of the world's most important economic products. It is widely accepted that petroleum is not only an energy product, but also a financial asset. Therefore, it is important to understand the dependence of petroleum prices on economic conditions and financial markets and how they can affect the world economy. The fluctuations in world petroleum prices affect the economies of petroleum importing countries through different channels. One of the most important of these influence channels is the exchange rate. Because changes in exchange rates cause different economic problems in fragile economies. Changes in petroleum prices affect the economic performance of any country through various channels. One of the channels of influence is exchange rates. Petroleum prices affect the transfer of income from petroleum exporting countries to petroleum importing countries through trade and thus determine the exchange rate. In this study, the Relationship between Petroleum Price and Real Exchange Rate in Iraq was examined by ADF unit root test, Johansen-Juselius cointegration test and Granger causality analysis. For the analysis, the Petroleum Price and Real Exchange Rate data of Iraq were taken from the official website of the World Bank and transferred to the Eviews 10 program and necessary analyzes were made. The results of the analysis were analyzed and interpreted in tables.Dindar Saeed SaeedSadeq Taha AbdulazeezSarbast Kamal RasheedRogash Younis MasihaDiyar Hashim MaloRefaadarticlepetroleum pricereal exchange rateunit rootcointegrationcausalityMathematicsQA1-939ENGeneral Letters in Mathematics , Vol 11, Iss 1, Pp 12-17 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	petroleum price real exchange rate unit root cointegration causality Mathematics QA1-939
spellingShingle	petroleum price real exchange rate unit root cointegration causality Mathematics QA1-939 Dindar Saeed Saeed Sadeq Taha Abdulazeez Sarbast Kamal Rasheed Rogash Younis Masiha Diyar Hashim Malo The relationship between petroleum price and real exchange rate: an example of Iraq
description	Petroleum is one of the world's most important economic products. It is widely accepted that petroleum is not only an energy product, but also a financial asset. Therefore, it is important to understand the dependence of petroleum prices on economic conditions and financial markets and how they can affect the world economy. The fluctuations in world petroleum prices affect the economies of petroleum importing countries through different channels. One of the most important of these influence channels is the exchange rate. Because changes in exchange rates cause different economic problems in fragile economies. Changes in petroleum prices affect the economic performance of any country through various channels. One of the channels of influence is exchange rates. Petroleum prices affect the transfer of income from petroleum exporting countries to petroleum importing countries through trade and thus determine the exchange rate. In this study, the Relationship between Petroleum Price and Real Exchange Rate in Iraq was examined by ADF unit root test, Johansen-Juselius cointegration test and Granger causality analysis. For the analysis, the Petroleum Price and Real Exchange Rate data of Iraq were taken from the official website of the World Bank and transferred to the Eviews 10 program and necessary analyzes were made. The results of the analysis were analyzed and interpreted in tables.
format	article
author	Dindar Saeed Saeed Sadeq Taha Abdulazeez Sarbast Kamal Rasheed Rogash Younis Masiha Diyar Hashim Malo
author_facet	Dindar Saeed Saeed Sadeq Taha Abdulazeez Sarbast Kamal Rasheed Rogash Younis Masiha Diyar Hashim Malo
author_sort	Dindar Saeed Saeed
title	The relationship between petroleum price and real exchange rate: an example of Iraq
title_short	The relationship between petroleum price and real exchange rate: an example of Iraq
title_full	The relationship between petroleum price and real exchange rate: an example of Iraq
title_fullStr	The relationship between petroleum price and real exchange rate: an example of Iraq
title_full_unstemmed	The relationship between petroleum price and real exchange rate: an example of Iraq
title_sort	relationship between petroleum price and real exchange rate: an example of iraq
publisher	Refaad
publishDate	2021
url	https://doaj.org/article/8d31d53771cb45fa8da940c1c0867b6c
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The relationship between petroleum price and real exchange rate: an example of Iraq

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