AN ECONOMIC ANALYSIS OF THE MACROECONOMIC INDICATORS IMPACT ON THE WAGE PRODUCT OF THE INDUSTRIAL SECTOR (2004-2020)

Abstract

This study focused on the importance achieved by productivity in all economic, social and cultural aspects. The positive contributions to increase an macroeconomic growth rate, which is the goal that all countries seek to, achieve the extent of industrial sector growth or exploitation in the country's economy. The industrial sector is considered one of the most important macroeconomic sectors. It enjoys a prominent importance at the level of developed and developing countries. The issue of that forced the decision-maker to make it a priority for his macroeconomic interests to develop this sector in any country in a sustainable manner in the present and the future. In this study, macroeconomic indicators on wage productivity in the manufacturing sector in Iraq are studied and analyzed through several indicators, including average per capita GDP, inflation and unemployment. The research problem indicates the deterioration or decline of the industrial sector in Iraq. In particular, the manufacturing industry due to the exposure of this sector to sabotage operations and damages resulting from wars. These industries continued to reduce negatively in the quantities of production and the destruction of a large part of the production lines. The relationship is soft between GDP and wage productivity according to macroeconomic term, and the relationship is inverse between unemployment and wage productivity according to macroeconomic term, and the relationship is inverse between inflation and wage productivity according to macroeconomic. Therefore, the research recommends paying attention to studying the productivity of wages permanently and working to increase the level of productivity in the industrial establishment by solving problems and obstacles with making structural change to the organization of work.In order to advance the status of the industrial sector in Iraq, it is necessary to study the indicators of the development of the manufacturing industry in Iraq, to know the reasons that lead to its decline, and to analyze the obstacles to its development.