التضخم و النمو الاقتصادي في ليبيا : تحليل ديناميكي

Abstract EN

The main aim of this study was to analysing the dynamic relationship between inflation and economic growth in Libya.

Basically, It focused on the response of these variables to the shocks and testing for causality between them.

Using annual data for the period 1962-2017 the study has utilized VAR model, IRF, VD and Granger causality test.

The main findings of the study have showed that the response of economic growth to the shocks in inflation was positive and weak.

However, the response of inflation to the shocks in economic growth was negative.

Moreover, the study results have indicated that the variations in each variable depend on its variations, more than variations in the other.

As well as, the study results have supported a bidirectional directional causal relationship between inflation and economic growth in Libya.