The Impact of Unemployment and inflation on Economic Growth in Nigeria (1981–2014)

Abdulsalam S. Ademola () and Abdullahi Badiru ()
Additional contact information
Abdulsalam S. Ademola: Department of Economics and Development Studies, Federal University Dutsinma, Katsina State, Nigeria
Abdullahi Badiru: Department of Economics and Development Studies, Federal University Dutsinma, Katsina State, Nigeria

International Journal of Business and Economic Sciences Applied Research (IJBESAR), 2016, vol. 9, issue 1, 47-55

Abstract: Purpose - To investigate and determine the effects of unemployment and inflation on economic performance in Nigeria within the specified period as in the title and to establish the relationship between unemployment and inflation with Real Gross Domestic Product in Nigeria. Design/methodology/approach - Ordinary Least Square (OLS) technique was adopted with various diagnostic test to determine how fit are the data for the analysis. Findings - The result of Diagnostic test indicates that data for the analysis are stationary at level and there are 2 cointegrating equation implying that there exist long-run relationship between RGDP, Unemployment and inflation. The results indicated that unemployment and inflation are positively related to economic growth. Research limitations/implications - The study uses only OLS and Diagnostic to carried out the analysis and it only cover the period from 1981 to 2014. Originality/value - The originality of this study lies on findings and interpretation of the result of regression analysis. The positive relationship between unemployment, inflation and RGDP indicates that Nigeria RGDP is driven by oil revenue that employs very limited highly skilled labour and the price of output of crude oil is determined externally which may not response as expected to growth of output in the country.

Keywords: Cointegration; economic growth; inflation and unemployment (search for similar items in EconPapers)
JEL-codes: E11 (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
https://ijbesar.af.duth.gr/docs/volume9_issue1/economic_growth_nigeria.pdf (application/pdf)
https://ijbesar.af.duth.gr/volume9_issue1.php (text/html)

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:tei:journl:v:9:y:2016:i:1:p:47-55

Access Statistics for this article

International Journal of Business and Economic Sciences Applied Research (IJBESAR) is currently edited by Christos Grose and Persefoni Polychronidou

More articles in International Journal of Business and Economic Sciences Applied Research (IJBESAR) from Democritus University of Thrace (DUTH), Kavala Campus, Greece Contact information at EDIRC.
Bibliographic data for series maintained by Kostas Stergidis ().