Using Econometrical Models to Analyze the Consumption Pattern of the Iraqi Individual for the Period 2004-2021
1Asst. Prof. Haider Kadhum Mahdi,2Hiba Naeem Mugeer
1,2Econ. Dept./College of Admin. And Econ. / University of Al-Qadisiyah
https://doi.org/10.47191/jefms/v6-i4-38ABSTRACT:
Studying Iraqi consumer behavior and analyzing its consumption pattern provides an excellent opportunity to reach logical and more accurate results. In particular, we are looking for the consumption pattern when the Iraqi per capita income witnessed a significant and continuous increase. Accordingly, the source of this increase is a change in the proportions of consumer spending on commodities to the consumer. He changed his consumer preferences and tendencies because of this subject, the consumption function, of an essential link to the overall economy. This was done by providing accurate quantitative results for the consumption function per capita, which can reach the prevailing economic form in society. Therefore, in this research, we relied on standard models after obtaining the data for the research period. The time series of average per capita expenditure in Iraq was analyzed. To achieve the main objective of the research, we identified the research variables, where the independent variable is represented by the average annual per capita income.
KEYWORDS:
Consumption pattern, per-capita income, Spending, per-capita income, Iraq, econometrics
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