Analysis of the relationship between oil price fluctuations and human development indicators in Algeria and Saudi Arabia, with special reference to Iraq, for the period (2000-2020)
To the Council of the College of Administration and Economics at the University of Karbala, which is part of the requirements for obtaining a master’s degree in economic sciences
A letter submitted by the student
Athari Abboud saluh
The supervision of
Muhammad Kadhim Al-Jubouri Dr.
Abstract
Most oil-producing countries are characterized by one-sided economies. It relies mainly on rentier resources to finance the economy. This has resulted in an imbalance in the economies of these countries in the oil markets and their fluctuations, and the infiltration of global economic crises and fluctuations into them through the oil resource. Oil economies may be affected by the rise and fall of oil prices through the transmission of fluctuations and instability from the oil sector to the non-oil sectors, and the sensitivity of the economy is subject to these changes in All sectors that contribute to the largest part of the gross domestic product, and these countries are supposed to invest their wealth in a way that develops people and develops their skills to achieve their well-being. Accordingly, this research sought to analyze and diagnose the effects that oil price fluctuations could have on human development indicators that cannot be separated from the characteristics of Oil rentier economies; This is done by focusing on the change that occurs in each oil resources fluctuation index. As a result of the fluctuations in crude oil prices in the international market and the extent of the deviation in the path of oil prices in achieving the goals of growth and economic stability. The economy of the Kingdom of Saudi Arabia, the Algerian economy, and the Iraqi economy were used. To analyze the nature of the economic structure in the oil-producing countries and the extent of the interconnection and connection between oil and human development in the oil-producing countries.
