The Impact Of Local Investment On The Unemployment Rate In Iraq For The Period (2004-2021)

Abstract

Domestic investment is one of the important economic variables that contribute to increasing the level of capital accumulation and creating job opportunities, as well as its role in promoting growth and development. The research aims to measure and analyze the relationship between local investment and the unemployment rate in Iraq for the period (2004 - 2021) using econometric analysis by applying... ARDL model. The research concluded that there is a positive long-term effect of the ratio of domestic investment on the gross domestic product at constant prices at the employment level through its role in reducing the unemployment rate in Iraq and that any imbalance in the long-term relationship between domestic investment and the unemployment rate in the short term will be corrected after ten semesters (two and a half years). The research also suggested a set of recommendations, the most important of which is for the government to follow public works programs that create job opportunities, which are often in infrastructure projects, to stimulate the private sector to invest and provide new job opportunities.