AN ECONOMIC ANALYSIS OF THE IMPACT OF GOVERNMENT LENDING AGRICULTURAL AND THE AGRICULTURAL INITIATIVE ON THE AGRICULTURAL DOMESTIC PRODUCT IN IRAQ FOR THE PERIOD (1990-2020)
2024
N. M. Hamdi | A. F. Ahmed
The research aims to determine the impact of government agricultural lending on agricultural and domestic products and to identify the increase in the Agricultural Cooperative Bank's effectiveness in providing agricultural loans. It could be achieved by determining the impact of the government program represented by the agricultural initiative and its role in providing agricultural credit to raise agricultural production and improve agricultural income. The research assumes that government lending after 2003 positively impacted domestic agricultural products and that the agricultural initiative reinforced that effect. The secondary data was relied on from the Agricultural Cooperative Bank and the Ministry of Planning, and the analysis was done by conducting multiple regression (co-integration model) in the time series data of loans according to terms and their impact on the agricultural domestic product. The dependent variable is the agricultural domestic product. The independent variables (Short, medium, and long-term loans and agricultural initiative loans) are represented in the activity of the Agricultural Cooperative Bank, which was introduced as a dummy variable. It is given a value of zero before 2008, and 1 after 2008 until 2016, when the agricultural initiative stopped, and the statistical program (EViews10) was used) in the analysis. The results confirmed the validity of the research hypothesis regarding the existence of a positive effect between the agricultural and domestic products and the impact of the agricultural initiative, and the research recommended the necessity of developing a credit plan that takes into account the farmers' need for loans according to their type.
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