Analysis and Measurement of The Impact of Some Monetary and Financial Variables on Achieving Economic Growth

This study objectives to highlight the role of monetary and financial economic variables in promoting economic growth in Iraq. Using the E views 13 programs, the unit root test was applied using the Augmented Dickey-Fuller test. The study concluded that 88% the variation in economic growth is indicated by the independent variables included in the model., while the remaining 12% is attributed to other variables outside the model or may be due to stochastic variables. The results revealed a significant and inverse relationship between interest rates, inflation rates, and government spending in the short term with Gross Domestic Product (GDP). There was no significant relationship between tax revenues in the short term with GDP, and a significant and direct relationship between interest rates and government spending in the long term with GDP. Additionally, there was an significant and inverse relationship between tax revenues and inflation rates long-term with GDP.