A Validation of the Phillips Curve Hypothesis in Nigeria: A Quarterly Data-Based Approach

Obukohwo Oba Efayena and Hilda Enoh Olele

MPRA Paper from University Library of Munich, Germany

Abstract: The simultaneous attainment of inflation and unemployment reduction has been pursued vigorously by various government with little or no plausible outcome, leading to the debate of a possible trade-off between inflation and unemployment in an economy. This paper thus attempt to validate the Phillips curve hypothesis in Nigeria. Employing the Generalized Method of Moments (GMM) and Canonical Cointegrating Regression (CCR) methods on quarterly data of inflation and unemployment between 2010 and 2018, the study validated the presence of a Phillips curve in the Nigerian economy. In order to cushion the devastating effects of these macroeconomic misnonal, the study among others, recommends the adoption of policy-mix that hugely leans towards ensuring employment based on the economic stage of Nigeria.

Keywords: Phillips curve; GMM; CCR; inflation; unemployment (search for similar items in EconPapers)
JEL-codes: C01 E24 (search for similar items in EconPapers)
Date: 2020-02-25
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/98804/1/MPRA_paper_98804.pdf original version (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:pra:mprapa:98804

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().