Global Uncertainty, Climate Change and the Unemployment-Economic Growth Relationship in Nigeria

Richardson Kojo Edeme, Ekene ThankGod Emeka and Jonathan Emenike Ogbuabor

Journal of Development Policy and Practice, 2024, vol. 9, issue 2, 238-256

Abstract: This study investigates global uncertainty, climate change and the unemployment-economic growth relationship in Nigeria. The study utilised the autoregressive distributed lag (ARDL) estimation technique using quarterly data, 1990–2020. Findings indicate that global uncertainty and unemployment impact negatively economic growth both in the short run and long run. Also, climatic change variables employed in this study such as temperature and level of rainfall have a negative impact on economic growth both in the long-run and short-run. The moderating effects of global uncertainty and climatic variables on the unemployment-economic growth relationship were positive, though insignificant. The policy implication underlying the finding is that tackling economic uncertainty and climate change is necessary for solving unemployment problem and the attainment of sustainable growth in Nigeria. JEL Codes: C22, D80, Q25, E24, O40

Keywords: Global uncertainty; climate change; unemployment; economic growth; ARDL (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jodepp:v:9:y:2024:i:2:p:238-256

DOI: 10.1177/24551333231208296

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