Analyzing Relation Between Inflation and Macroeconomic Variables: Evidence From Iraq Economy for the period 1990-2009. Second Edition - Softcover

Majeed, Assoss. Prof. Dr. Amjed Hameed; Shakir, Dr. Ahmed Hasan

 
9786208447960: Analyzing Relation Between Inflation and Macroeconomic Variables: Evidence From Iraq Economy for the period 1990-2009. Second Edition
Softcover
ISBN 10: 6208447968 ISBN 13: 9786208447960
Publisher: LAP LAMBERT Academic Publishing, 2025

Synopsis

Inflation has been distorting the progress of the Iraqi economy; moreover, it has contributed to prolonged economic instability. This study examines the relationships between inflation and key macroeconomic variables. It is primarily based on data from the Central Bank of Iraq’s annual bulletin for variables such as GDP, M1, and interest rate (IR). Additionally, workforce (WF) data was extracted from UNCTAD statistical sources.An ARDL co-integration approach was used to investigate correlations, co-integration, and long-run relationships among the variables. The findings reflect the existence of co-integration and correlation, as well as the nature of these relationships. The results indicate a co-integration and long-run relationship between GDP and the Consumer Price Index (CPI), along with a significant correlation. Similarly, a strong co-integration and long-run relationship was found between CPI and M1. A positive correlation was also observed between WF and CPI, suggesting that the increase in CPI may be attributed to an increase in workforce size. However, no co-integration or long-run relationship was found between IR and CPI.

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Publisher
LAP LAMBERT Academic Publishing
Publication date
2025
Language
English
ISBN 10 
6208447968
ISBN 13 
9786208447960
Binding
Paperback
Number of pages
96