“ECONOMIC ANALYSIS OF THE IMPACT OF THE PRICE POLICY OF THE WHEAT CROP ON THE DOMESTIC PRODUCT IN IRAQ”
The price policy is one of the most important economic policies implemented by the state to increase and improve agricultural production on the one hand, and to provide food for all members of society at prices that are encouraging to producers and suitable for low-income consumers on the other hand. The wheat crop is one of the most important cereal crops, which represents a distinguished economic center in most countries of the world as it constitutes an important food source for humans because it contains basic nutrients. Therefore, most developing countries in the world, including Iraq, seek to achieve self-sufficiency from it. This study aimed at the economic analysis of the impact of the price policy of the wheat crop on the domestic product in Iraq. The domestic price of the dependent factor wheat (Y) was counted, and the independent factors (X) were (local production, local consumption, cultivated area, price of the competing crop (barley price), subsidy policy (nominal protection factor) and world price in dollars). It was relied on time series data in estimating this phenomenon, in order to reach the best results, a standard model was applied in four formulas (linear, half logarithmic, inverse logarithmic and double logarithmic). The double logarithmic function was adopted based on its superiority and superiority in terms of statistical and standard tests. The results obtained were that the local production (X1) of the wheat crop had a positive significant value, while the local consumption (X2) had a positive and significant effect, and this is consistent with the economic logic. The variable cultivated area (X3) had a positive and significant value, and the variable price of the competing crop (the price of barley) (X4) was shown with a negative sign, and also the support policy variable (X5) had a positive and significant value, and the negative and significant sign of the global price variable (X6) for the crop thoughtful. The study ended with a number of conclusions and recommendations, including: It also became clear that the subsidy policy (the nominal protection factor) had a positive and moral impact on the local price of wheat, and this indicates that the protection was remunerative in favor of prices throughout the study period. The study also reached a set of recommendations, the most important of which were: It is necessary to work on the integration of agricultural price policies for this strategic crop and other strategic crops with the foreign trade policy and the exchange rate policy.