Macroeconomic conditions and unemployment in Nigeria

Augustine Osigwe and Kenneth O Ahamba ()
Additional contact information
Kenneth O Ahamba: Department of Economics and Development Studies, Federal University, Ikwo, Nigeria.

Journal of Economic and Financial Studies (JEFS), 2016, vol. 4, issue 6, 21-28

Abstract: 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.

Keywords: Macroeconomic variables; Nigeria; Unemployment. (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.journalofeconomics.org/index.php/site/article/view/240/306 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lrc:lareco:v:4:y:2016:i:6:p:21-28

Access Statistics for this article

More articles in Journal of Economic and Financial Studies (JEFS) from LAR Center Press
Bibliographic data for series maintained by S Marjan ( this e-mail address is bad, please contact ).