Since 2014
Macroeconomic conditions and unemployment in Nigeria
Journal of Economic & Financial Studies
View Archive Info| Field | Value | |
| Title |
Macroeconomic conditions and unemployment in Nigeria
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| Creator |
Osigwe, Augustine C
Ahamba, Kenneth O |
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| Subject |
B22 ; C22 ; C32.
Macroeconomic variables; Nigeria; Unemployment. Macroeconomics; Inflation; Unemployment. |
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| Description |
We examine the effect of selected macroeconomic variables on unemployment rate in Nigeria using a battery cointegration tests. Results reveals a long run relation between unemployment rate (UNER) and chosen macroeconomic variables. The results of the vector error correction model (VECM) show that real GDP at lag 2 and current exchange rate (EXR) positively affect UNER. Moreover, UNER at lag 1, money supply (M2) at lag 2, EXR at lag 2, current lending rate (LR) and its first lag negatively affects UNER. These results are robust to the satisfaction of various diagnostic tests including residual normality assumption, correction for autocorrelation and white heteroskedasticity.
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| Publisher |
LAR Center Press
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| Contributor |
—
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| Date |
2017-01-04
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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://journalofeconomics.org/index.php/site/article/view/240
10.18533/jefs.v4i6.240 |
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| Source |
Journal of Economic & Financial Studies; Vol 4, No 06 (2016): December; 21-28
2379-9471 2379-9463 |
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| Language |
eng
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| Relation |
http://journalofeconomics.org/index.php/site/article/view/240/306
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| Rights |
Copyright (c) 2017 Augustine C. OSIGWE, Kenneth O. Ahamba
http://creativecommons.org/licenses/by/4.0 |
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