Inflation, Unemployment and Economic Growth: Evidence from the VAR Model Approach for the Economy of Iraq.

Abstract

This study investigates the impact of inflation and unemployment on the economic growth of Iraq. Considering the fact that the majority of the studies on the Phillips Curve have been done in the context of developed economies and on an aggregate level, this study focuses on Iraq, a single developing economy (a disaggregated level) and aims to empirically analyse the impact of Unemployment and inflation on economic growth in the economy of Iraq. The research results indicate that there exist an equilibrium impact between unemployment and inflation in Iraq thereby supporting the validity of the Phillips Curve hypothesis

Keywords: Inflation, Iraq, Philips Curve, Unemployment, VAR Approach, economic growth


Article Review Status: Published

Pages: 26-39 (Download PDF)

Creative Commons Licence
This work by European American Journals is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License