“Effect of Inflation and Unemployment on Economic Growth in Nigeria (1999-2017):- Etika, Peter A
ABSTRACT
This
study sets out to empirically investigate effect of inflation and unemployment
on CC°" Ze8 1 °VCr C ;vaVS 1 "9 “ 2017 in Ni8eria- The study was
conducted with a view t0 m firant the eftC \S an\L ltC! halation and
unemployment rates on economic growth, how S18ni , , , ec IS‘ n O1 C1 to
achieve the objectives ofthe study, an econometric model wasformulatced based
on a modified Okun’s (1962) Model. The growth rate of real GDP was USC . 1C 1C
min8 influence of Real GDP values on the rates of inflation and uncmp oym n . 1
mary least square (OLS) method of regression and co-integration tccuuque was
use to estimate the data. To eliminate wild swings and overcome the problem °1
spuuous regression o ten associated with non-stationary time series data; stationarity,
cointegration, an lagnostic tests were carried out. Our findings from the data
analysis show that tieic arc sigm leant negative effects of inflation and
unemployment on economic growth as cxplaine y 20.5 (R ). However, it is sad to
note that despite government concerted clforts at bringing these twin problems
to barest minimum, the economy is still grabbling with these problems and it is
therefore recommended that Nigeria needs and should have committed leadership
with industrialization drive
0.0
ETIKA, E (2024). “Effect of Inflation and Unemployment on Economic Growth in Nigeria (1999-2017):- Etika, Peter A. Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-inflation-and-unemployment-on-economic-growth-in-nigeria-1999-2017-etika-peter-a-7-2
ETIKA, ETIKA. "“Effect of Inflation and Unemployment on Economic Growth in Nigeria (1999-2017):- Etika, Peter A" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 16 Jul. 2024, https://repository.mouau.edu.ng/work/view/effect-of-inflation-and-unemployment-on-economic-growth-in-nigeria-1999-2017-etika-peter-a-7-2. Accessed 23 Nov. 2024.
ETIKA, ETIKA. "“Effect of Inflation and Unemployment on Economic Growth in Nigeria (1999-2017):- Etika, Peter A". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 16 Jul. 2024. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-inflation-and-unemployment-on-economic-growth-in-nigeria-1999-2017-etika-peter-a-7-2 >.
ETIKA, ETIKA. "“Effect of Inflation and Unemployment on Economic Growth in Nigeria (1999-2017):- Etika, Peter A" Repository.mouau.edu.ng (2024). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-inflation-and-unemployment-on-economic-growth-in-nigeria-1999-2017-etika-peter-a-7-2