Еffect of unemployment and inflation on Nigerian economic growth: a time-series analysis
This study investigates the effect of unemployment and inflation on economic growth in Nigeria from 1999 to 2021. Employing econometric techniques such as descriptive statistics, trend analysis, and regression analysis, the study explores the relationships between these variables. Findings reveal a...
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| Format: | Article |
| Language: | English |
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V. N. Karazin Kharkiv National University
2024-06-01
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| Series: | Вісник Харківського національного університету імені В.Н. Каразіна: Серія Міжнародні відносини, економіка, країнознавство, туризм |
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| Online Access: | https://periodicals.karazin.ua/irtb/article/view/24026 |
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| _version_ | 1841554750213980160 |
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| author | Abass Adekunle Adewale Abass Adedolapo Adeyemo |
| author_facet | Abass Adekunle Adewale Abass Adedolapo Adeyemo |
| author_sort | Abass Adekunle Adewale |
| collection | DOAJ |
| description | This study investigates the effect of unemployment and inflation on economic growth in Nigeria from 1999 to 2021. Employing econometric techniques such as descriptive statistics, trend analysis, and regression analysis, the study explores the relationships between these variables. Findings reveal a significant positive correlation between inflation and GDP growth, while unemployment exhibits a negative correlation with GDP growth. The analysis explains approximately 54.1% of the variance in GDP growth, highlighting the substantial influence of unemployment and inflation on economic performance. Policy recommendations include measures to control inflation, stimulate job creation, and diversify the economy. By addressing these factors, Nigeria can foster sustainable and inclusive economic growth. |
| format | Article |
| id | doaj-art-fe8327ab727145feacd930671986296d |
| institution | Kabale University |
| issn | 2310-9513 |
| language | English |
| publishDate | 2024-06-01 |
| publisher | V. N. Karazin Kharkiv National University |
| record_format | Article |
| series | Вісник Харківського національного університету імені В.Н. Каразіна: Серія Міжнародні відносини, економіка, країнознавство, туризм |
| spelling | doaj-art-fe8327ab727145feacd930671986296d2025-01-08T11:11:51ZengV. N. Karazin Kharkiv National UniversityВісник Харківського національного університету імені В.Н. Каразіна: Серія Міжнародні відносини, економіка, країнознавство, туризм2310-95132024-06-0119475610.26565/2310-9513-2024-19-0524026Еffect of unemployment and inflation on Nigerian economic growth: a time-series analysisAbass Adekunle Adewale0Abass Adedolapo Adeyemo1Osun State UniversityOsun State UniversityThis study investigates the effect of unemployment and inflation on economic growth in Nigeria from 1999 to 2021. Employing econometric techniques such as descriptive statistics, trend analysis, and regression analysis, the study explores the relationships between these variables. Findings reveal a significant positive correlation between inflation and GDP growth, while unemployment exhibits a negative correlation with GDP growth. The analysis explains approximately 54.1% of the variance in GDP growth, highlighting the substantial influence of unemployment and inflation on economic performance. Policy recommendations include measures to control inflation, stimulate job creation, and diversify the economy. By addressing these factors, Nigeria can foster sustainable and inclusive economic growth.https://periodicals.karazin.ua/irtb/article/view/24026unemploymentinflationeconomic growthnigeriatime-series analysis |
| spellingShingle | Abass Adekunle Adewale Abass Adedolapo Adeyemo Еffect of unemployment and inflation on Nigerian economic growth: a time-series analysis Вісник Харківського національного університету імені В.Н. Каразіна: Серія Міжнародні відносини, економіка, країнознавство, туризм unemployment inflation economic growth nigeria time-series analysis |
| title | Еffect of unemployment and inflation on Nigerian economic growth: a time-series analysis |
| title_full | Еffect of unemployment and inflation on Nigerian economic growth: a time-series analysis |
| title_fullStr | Еffect of unemployment and inflation on Nigerian economic growth: a time-series analysis |
| title_full_unstemmed | Еffect of unemployment and inflation on Nigerian economic growth: a time-series analysis |
| title_short | Еffect of unemployment and inflation on Nigerian economic growth: a time-series analysis |
| title_sort | еffect of unemployment and inflation on nigerian economic growth a time series analysis |
| topic | unemployment inflation economic growth nigeria time-series analysis |
| url | https://periodicals.karazin.ua/irtb/article/view/24026 |
| work_keys_str_mv | AT abassadekunleadewale effectofunemploymentandinflationonnigerianeconomicgrowthatimeseriesanalysis AT abassadedolapoadeyemo effectofunemploymentandinflationonnigerianeconomicgrowthatimeseriesanalysis |