Business, Management and Accounting
3 years ago

Iraqi Economy: GDP and Inflation Directly Impact Unemployment Rate

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Design Engineering
The Impact of Some Macroeconomic Variables on Unemployment in the Iraqi Economy in Light of the Transition from a Directed Economy to a Market Economy for the Period (2004-2020)
Ola Rasoul Allawi, Nazar Dheyab Assaf

Paper Summary

The article examines how changes in GDP, government spending, and inflation impact unemployment in Iraq from 2004 to 2020. Using economic theories and statistical analysis, the researchers found that GDP and inflation have a direct relationship with unemployment, while government spending has an inverse relationship. The study shows that these factors explain about 89% of the changes in the unemployment rate.

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