An Assessment of the Severity of Unemployment in Nigeria: Evidence from Fractional Integration

Moses Tule, Moses Onyema Oduh, Charles Chike Chiemeke and Obiageri Ndukwe

Journal of African Business, 2018, vol. 19, issue 1, 39-61

Abstract: This paper estimates the degree of persistence and level of unemployment, fairly consistent with the theoretical definition of the natural rate of unemployment for Nigeria. It argues that hysteresis exists on real borderline with an upward sloping Phillips curve, an indication that the optimization problem of the Central Bank of Nigeria could be less costly than was originally envisaged.

Date: 2018
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DOI: 10.1080/15228916.2017.1343031

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