Modeling the Impact of Economic Intelligence in Enhancing Non-oil Revenue Generation in Iraq: A Strategic Approach to Economic Diversification
ALI ABDULKADHIM DADOOSH *
Iraqi Ministry of Education, Directorate of Education for Baghdad Al-Rusafa, 3, Iraq.
*Author to whom correspondence should be addressed.
Abstract
This study aims to shed light on economic intelligence as an important concept that has asserted itself due to the rapid changes in the competitive environment for institutions and countries. Methodology: The study employs an economic measurement methodology, specifically the Nonlinear Autoregressive Distributed Lag (NARDL) model. The research arrives at significant conclusions, including that the rentier nature of the Iraqi economy has made it primarily dependent on oil revenues to achieve financial returns for the country. This has deepened imbalances in the general budget, leading to an accumulated deficit that has resulted in a large public debt, directly affecting the reality of the Iraqi economy. The application of economic intelligence systems to the Iraqi economy will stimulate and enhance non-oil revenues, positively impacting the increase in sovereign revenues in the general budget. Economic intelligence has three basic pillars: encouraging the competitiveness of institutions by flooding the markets and ensuring economic security by enacting laws and regulations, as well as the policy of support and influence at the level of bodies known for preparing regulations or standards that manage economic activities. The rentier nature of the Iraqi economy has made it primarily dependent on the volume of oil revenues in supporting the country's general budget, thus deepening imbalances in the structure of public revenues, in addition to the existence of administrative and financial corruption, which has deepened the state of weakness in collecting non-oil revenues in the country.
Keywords: Economic intelligence, non-oil revenue, economic diversification, strategic economic planning, Iraq’s economy