Impact of exchange rates and inflation on GDP: A data panel approach consistent with data from Iran, Iraq and Turkey

Document Type : Research Paper


Department of Economics, Qazvin Branch, Islamic Azad University, Qazvin, Iran


In any country, economic growth and the GDP are among the key most important indicators of progress as well as economic growth/development of that nation. Consequently, it is crucially significant to study and assess factors affecting the GDP. Therefore, the primary objective of this study is to investigate and analyze the impact of exchange rate and inflation on GDP. The objective of this article is to assess and analyze the impact of exchange rates and inflation on the GDPs of Iran, Iraq and Turkey during the period between 2005-2020. This research is descriptive in nature and applied in purpose. The relationships between the variables have been studied utilizing the data panel method compliant with statistical data from Iran, Iraq and Turkey (from 2005-2020). Data from the Central Bank of Iran as well as the World Bank were used for collect testing the hypotheses. Findings revealed that the exchange rate has no effect on GDP in these countries, while inflation has a significant/meaningful plus negative relationship with GDP.


Volume 14, Issue 1
January 2023
Pages 147-161
  • Receive Date: 04 November 2021
  • Revise Date: 24 December 2021
  • Accept Date: 18 January 2022