Odo, Stephen Idenyi and Elom-Obed, Favour Ozioma and Okoro, Thomas Ogbonnaya and Nwachukwu, Johnson Obinna (2017) Understanding the Relationship between Unemployment and Inflation in Nigeria. Journal of Poverty, Investment and Development, 35. pp. 55-64. ISSN 2422-846X
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Abstract
This study investigated the relationship between unemployment and inflation in Nigeria from 1980-2015. The model specified unemployment as a function of inflation, money supply % GDP, total government expenditure % of GDP. The statistical tests used were causality test, VECM test, co integration test. Based on the above tests carried out, the study found out that: (i) Inflation significantly impacted unemployment in Nigeria both in the long run and short run within the period under review.(ii) There exist a significant causal relationship among the variables in the model. Based on the results, the study recommended that government should use discretionary policy that would reduce unemployment by boosting government expenditure and maintain stability in money supply.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HN Social history and conditions. Social problems. Social reform |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | mrs chioma hannah |
| Date Deposited: | 28 May 2019 13:48 |
| Last Modified: | 28 May 2019 13:48 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/1597 |
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