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Analysis of the Relationship between Inflation, Unemployment and Economic Growth in Nigeria: 1987-2012
Applied Economics and Finance
View Archive Info| Field | Value | |
| Title |
Analysis of the Relationship between Inflation, Unemployment and Economic Growth in Nigeria: 1987-2012
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| Creator |
Yelwa, Mohammed
David, Okoroafor O.K. Omoniyi, Awe, Emmanuel |
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| Description |
This paper provides analysis of the relationship between unemployment, inflation and economic growth in Nigeria: 1987-2012. The study utilizes secondary data to analyze the relationship between unemployment, inflation and economic growth. The methodology used for the study was ordinary least squares. The results confirms that in the long run, interest rate and total public expenditure have significant impact on economic growth in Nigeria, while inflation and unemployment has inverse effects on growth in Nigeria. The possible justification for the inverse effect of inflation on price level is that inflation may not be due to aggregate demand pressure but rather due to hiccups in the supply chain of goods both from the domestic and foreign supply outlets. Empirical deductions also signify the presence of significant feedback from the long run to short run disequilibrium. However, there exists a causal linkage between inflation, unemployment and economic growth in Nigeria. In conclusion, the paper recommended that the government must as a matter of necessity to improve or continue to fine-tune macroeconomic policy instruments to achieve a sustainable and enable environment that will enhance increase in domestic output.
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| Publisher |
Redfame Publishing
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| Contributor |
—
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| Date |
2015-07-10
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://redfame.com/journal/index.php/aef/article/view/943
10.11114/aef.v2i3.943 |
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| Source |
Applied Economics and Finance; Vol 2, No 3 (2015); 102-109
2332-7308 2332-7294 |
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| Language |
eng
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| Relation |
http://redfame.com/journal/index.php/aef/article/view/943/886
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