Does Unemployment Significantly Impact on the Economic Growth of Nigeria?

Chinedu Increase Onwachukwu

MPRA Paper from University Library of Munich, Germany

Abstract: This study examines the impact of unemployment on the economic growth of Nigeria from 1985 to 2010. The Ordinary Least Squares (OLS) and Augmented Dickey-Fuller methods are used to estimate the model of one dependent variable (Real GDP growth rate) and two explanatory variables (inflation and unemployment). It was found that unemployment does not have a significant impact on the economic growth of Nigeria. Inflation, however, was found to significantly impact on the economic growth of Nigeria. Recommendations are also made to help accelerate the rate of growth.

Keywords: Economic Growth; Unemployment; Inflation (search for similar items in EconPapers)
JEL-codes: O11 O4 (search for similar items in EconPapers)
Date: 2015-09-27
New Economics Papers: this item is included in nep-gro
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:66966

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