Abbas Ali Abunouri , Mohammad Ghafari Fard , Rahela Nazari
Increasing economic growth is one of the most important goals of policies pursued
by governments, Investigating the relationship between macroeconomic variables
and economic growth is one of the important topics in macroeconomics literature.
Therefore, the current research has investigated the effect of macroeconomic
variables (unemployment rate, foreign direct investment, export, inflation, exchange
rate, government spending) and the economic growth of Afghanistan during the
years 2000-2019. For this purpose, in this research, long-term and short-term
relationships between variables have been investigated using the ARDL. The results
obtained from the estimation of short-term and long-term models show that there is
a relationship between macroeconomic variables and economic growth. The results
of the research explain that the variables of unemployment rate, inflation, exchange
rate, foreign direct investment in the long and short term have shown a negative
effect on Afghanistan's growth, and the variable of export and government spending
in the long and short term have a negative effect. It has shown a positive effect on
Afghanistan's economic growth. The long-term model estimation results show that
the export variable has the most positive effect on Afghanistan's economic growth,
and the exchange rate and unemployment rate have the most negative effect on
Afghanistan's economic growth.