Abstract
Abstract The present study examined the role of inflation and unemployment on economic growth from 1996 to 2012. In this study, the effect of inflation and unemployment on economic growth in two short-term and long-term phases was investigated and examined using Autoregressive Distributed Lag (ARDL) Model. Microfit version 4.0 and Eviews version 6.0 were used for model estimation. Model estimation results showed the significant and negative effect of inflation and unemployment on economic growth in long term, which indicated that inflation and unemployment decreased economic growth in long term. This issue revealed that authorities should diligently endeavor and plan to reduce and control inflation and unemployment. The results of this study can be used by all respected authorities in Iran, especially authorities of economic and social institutions, so that they could attempt to reduce and control unemployment and inflation in order to achieve economic growth
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.