The relationship between inflation and unemployment in Sub-Saharan Africa

La relation entre l’inflation et le chômage en Afrique subsaharienne

Mah Philippe Valdez Dimitri () and Louis Henri Ngah Ntiga ()
Additional contact information
Mah Philippe Valdez Dimitri: CIRCE - Centre Interdisciplinaire de Recherches Centre-Européennes - EUR'ORBEM - Cultures et sociétés d’Europe orientale, balkanique et médiane - SU - Sorbonne Université - CNRS - Centre National de la Recherche Scientifique
Louis Henri Ngah Ntiga: CIRCE - Centre Interdisciplinaire de Recherches Centre-Européennes - EUR'ORBEM - Cultures et sociétés d’Europe orientale, balkanique et médiane - SU - Sorbonne Université - CNRS - Centre National de la Recherche Scientifique

Working Papers from HAL

Abstract: The notions of unemployment and inflation remain the main concerns of public and monetary authorities in the sense that they represent the main lever of economic policy in terms of arbitrage. The existing relationship between these variables is old, but the paternity of this study goes to Phillips (1958) who managed to explain an inverse relationship between unemployment and inflation in Great Britain (1861-1957). The present study aims to verify this theory for subSaharan African countries. The estimation of the model confirms this theory. Thus, it would be wise to pursue "controlled" contractionary policies to promote employment. Contractionist" policies to promote employment in the region would be appropriate. However, this economic policy needs to take into account the quality of institutions.

Keywords: Unemployment; inflation; Phillips curve (1958); courbe de Phillips (1958); Chômage inflation courbe de Phillips (1958) Classification JEL : E10 E24 E31 C33 Unemployment inflation Phillips curve (1958); courbe de Phillips (1958) Classification JEL : E10; E24; E31; C33 Unemployment; Chômage (search for similar items in EconPapers)
Date: 2023-05-09
New Economics Papers: this item is included in nep-his and nep-mac
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04078028v1
References: Add references at CitEc
Citations:

Downloads: (external link)
https://shs.hal.science/halshs-04078028v1/document (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:hal:wpaper:halshs-04078028

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().