Journal of Sustainable Urban & Regional Development Studies (JSURDS)

Abstract Background and Objective: Due to oil price fluctuations, oil exporting countries can be accompanied by income instability and economic growth. This study examines the effect of oil revenue fluctuations on economic growth fluctuations in Iraq and the moderating role of financial development. Accordingly, the main objective of the study is to answer the question of whether financial development can reduce economic growth fluctuations in the context of oil revenue fluctuations.

Methodology: The present study was conducted using the generalized moments method and time series data to examine the effect of oil revenue fluctuations on economic growth fluctuations and the moderating role of financial development. This method allows for the analysis and examination of the dynamics between macroeconomic variables.

Findings and Results: The findings show that fluctuations due to the abundance of oil revenues have a positive and significant effect on economic growth fluctuations. Also, financial development can play an effective moderating role in reducing the fluctuations in economic growth caused by fluctuations in oil revenues. Based on the findings, it can be concluded that further development of the financial system can reduce the negative effects of oil revenue fluctuations on economic growth and financial development can be considered as an effective tool in managing the effects of oil revenue fluctuations on economic growth in Iraq.

Abstract Background and Objective: Information and Communication Technology and competitiveness are mentioned as factors affecting economic growth in the last decade. In line with this discussion, the aim of this study is to examine the impact of information and communication technology and the competitiveness index on economic growth of selected developing and developed countries during the study period.

Research Methodology: The present study uses an applied approach that combines descriptive and analytical methods to create a complete survey. To facilitate this research, the analysis uses both cross-sectional and panel data methods. Cross-sectional data allows for the examination of variables at a single point in time across multiple subjects. In contrast, panel data includes multiple observations of the same entities over different time periods. It also analyzes panel data through the generalized method of moments.

Findings and Conclusions: The findings of this study emphasize the positive and significant relationships between information and communication technology, competitiveness index on GDP in developing and developed countries. In a way that is consistent with the literature on the subject. The findings also indicate that the effect of these two variables is greater in developed countries than in developing countries. Therefore, policymakers should consider the socio-economic factors and unique contexts of their countries to effectively use these dynamics for sustainable and inclusive growth.