Measuring and Analysing the Relationship Between Economic Growth and Sustainable Natural Resource Consumption in Iraq for the Period 2004–2023

Abstract

Economic growth is one of the main factors in promoting economic development, but its impact on the consumption of natural resources raises questions about the sustainability of these resources. The study aims to analyze the relationship between economic growth and the rate of sustainable consumption of natural resources, by assessing the extent to which the balance between economic development and the conservation of environmental resources is achieved. The research relies on the analysis of economic and environmental data using econometric methods such as autoregressive models and time series analysis, and the use of the advanced error correction model. The data were collected from World Bank sources, and the results showed that economic growth leads to increased consumption of natural resources, which threatens their sustainability, especially in the absence of effective environmental policies. The study recommends the necessity of adopting policies that ensure the efficient use of resources, such as promoting investment in renewable energy and stimulating innovation in sustainable production.