The Impact of Gross Domestic Product on Inflation Rates in the Libyan Economy: A Study During the Period (2000–2022)

Authors

  • Ibtisam Abdul Jalil Belaid Moamen Department of Economics, Faculty of Economics and Political Science, University of Bani Waleed, Bani Walid, Libya

DOI:

https://doi.org/10.65417/ljcas.v4i1.272

Keywords:

Gross Domestic Product, Inflation, Simple Linear Regression

Abstract

This study aims to analyze and measure the relationship between Gross Domestic Product (GDP) and inflation rates in the Libyan economy during the period (2000–2022), using a simple linear regression model. GDP is the independent variable, and the inflation rate is the dependent variable.

Using annual data of 23 observations, the study finds a positive and statistically significant relationship between GDP and inflation. The regression coefficient is 0.313, and the coefficient of determination (R²) is 0.44. F
and T-tests confirm the model’s significance at 5%. The findings align with aggregate demand theory, which states that an increase in GDP raises aggregate demand, leading to higher price levels and inflation.

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Published

2026-01-18

Issue

Volume 4, No. 1, 2026

Section

Branch of Humanities and Social Sciences

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Ibtisam Abdul Jalil Belaid Moamen. (2026). The Impact of Gross Domestic Product on Inflation Rates in the Libyan Economy: A Study During the Period (2000–2022). Libyan Journal of Contemporary Academic Studies, 4(1), 38-46. https://doi.org/10.65417/ljcas.v4i1.272