impact of inflation and unemployment on economic growth in nigeria



The research results indicate that there exist an equilibrium impact between unemployment and inflation in Iraq thereby supporting the validity of the Phillips Curve hypothesis. have a significant impact on the economic growth of Nigeria. 21 - 30 of 500 ... “Discuss the Causes and Effects of Economic Growth” Economic Growth is where goods and services maximise in value over a period of time. The study also established an inverse relationship between inflation and economic growth within the period under reference. Explanatory research design was employed using Augmented Dickey-Fuller, Philip-Perron Unit root tests, OLS and pair-wise Granger Causality. Recommendations are also made to help accelerate the rate of growth. The study seeks to present an empirical analysis of the impact of inflation on economic growth in Nigeria, using annual time-series dataset for the period 1979-2008. Complete project topics and materials for Final Year Students All our project topics and materials are accurate Call 08147426197 Now for your Complete work. The weakness of the studies above apart from having controversial … Re-Examination of the Impact of Unemployment on Economic Growth of Nigeria: An Econometric Approach ... Oil income has increased economic volatility in growth, inflation and the exchange rate and the poor are the least able to protect themselves against the fluctuations. The results obtained indicate that inflation and unemployment have negative and significant impact on the economic growth of Nigeria. The study utilizes secondary data to analyze the relationship between unemployment, inflation and economic growth. 1.3 Research questions Arising from the research problems are the following questions: i. Nigeria Economic Growth On the heels of the worst downturn in recent history this year owing to the pandemic and oil price shock, the economy is seen emerging back to growth in 2021 as demand at home and abroad recover. The focus is on the impact of unemployment and economic growth is derived from the advanced economic right for its original version of Taylor’s curve to Okon’s law in the US. Abstract:This paper sought to estimate the impact of unemployment on the economic growth in Nigeria, using time series data from 1999 to 2017. The methodology used for the study was ordinary least squares. GJHSS-E Classification : FOR Code: 910103 Cointegration test, ... Nigeria, Economic growth, Unemployment, Cointegration, Granger causality 1. Let me know if you need my assistance. introduced hypothesizes that high inflation positively affects the economic growth by lowering unemployment rates. This thesis investigates the effects of unemployment and inflation on economic growth in Nigeria between 1986-2012 through the application of Ordinary Least Square (OLS) technique in estimating the effects of unemployment and inflation on growth, Augmented The International Journal Of Business & Management, 1-3. Received: March 20, 2015 Accepted: April 10, 2015 Available … For instance, studies such as Akeju and Olanipekun (2014), Akiri (2016), Enejoh and Tsuani (2017) reported that unemployment has positive impact on economic growth in Nigeria. Impact of Unemployment on Economic Growth: Evidence from Western Balkans . CHAPTER ONE. The unit root test indicated that all the variables are stationary at first difference at 5% level of significance. It was a monetary policy used … (2016). It has been argued that inflation is an unavoidable phenomenon in the face of economic growth. The impact of unemployment and inflation on economic growth in Nigeria (1981-2014). impact of Unemployment and inflation on economic growth in the economy of Iraq. economy stagnant (That is a period where economic growth increases at a very slow rate and is usually characterized by unemployment) in the economy. Having a view on the Impact of inflation on Nigeria economy and realizing that the problems caused by the Impacts of inflationary growth is becoming unbearable to the citizens and the entire economy, of becomes necessary to critically analyzed the impact of inflation on Nigerian economic growth … IMPACT OF INFLATION ON ECONOMIC GROWTH IN NIGERIA (2000-2009) 1Chude, Daniel Izuchukwu and 2Chude, Nkiru Patricia 1Lecturer, Department Of Accountancy Anambra State University Igbariam Campus P.M.B 6059 Awka Nigeria. Download Complete Project / Seminar Research Material on "Impact Of Unemployment And Inflation On The Economy Of Nigeria" for Economics Department / Students Downloadable! 2lecturer, Department Of Banking and Finance, Anambra State University, Igbariam Campus P.M.B 6059 Awka Nigeria. 1.1 Background to the Study. Keywords: economic growth, unemployment, inflation. Major findings revealed that unemployment has an insignificant impact on economic growth. P.M.B. That is why, over the years there had been a long standing conventional wisdom that inflation impedes economic growth. I am online and ready to help you via WhatsApp chat. Aminu, Manu and Salihu 2013 investigated the effect of unemployment and inflation on economic growth in Nigeria; they employed OLS, Augmented Dickey-Fuller technique, Granger causality and Johansen cointegration test and found positive relationship between unemployment, inflation and economic growth in Nigeria. Analysis of the Relationship between Inflation, Unemployment and Economic Growth in Nigeria: 1987-2012 Mohammed Yelwa1, Okoroafor O.K.David1 & Awe, Emmanuel Omoniyi1 1Department of Economics University of Abuja-Gwagwalada, Nigeria. Even though some evidence suggest that moderate inflation helps in economic growth, the over-all weight of evidence so far clearly indicate that inflation is distress to growth, it is therefore imperative to conduct a research work on the impact of inflation on Nigeria economic growth which is the main objective of this research work. 9(1), pages 47-55, April. "The Impact Of Inflation On Economic Growth In Nigeria" Essays and Research Papers . Download Complete Project / Seminar Research Material on "Effects Of Unemployment And Inflation On Economic Growth In Nigeria, 1986-2012" for Economics ABSTRACT: The main purpose of this study is … Effects of Unemployment and Inflation on Economic Growth in Nigeria. Inflation in Nigeria can be traced to the “Cheap Money Policy” which started in 1960. The puzzling trends of economic growth rate, unemployment rate, and inflation rates in Nigeria and the controversial results obtained in the empirical results provide the need to examine the relationship between unemployment, inflation and economic growth in Nigeria. , Unemployment, inflation and economic growth Dickey-Fuller, Philip-Perron unit root,!, parts of macro-economic goals which the government strives to achieve are maintenance. The unit root tests, OLS and pair-wise Granger causality 1, S., & Badiru a... To reach 2 % next Year, the central Bank Governor said that is why over... University of Abuja-Gwagwalada, Nigeria Business & Management, 1-3, the Bank. Bank Governor said Granger causality 1 Research design was employed using Augmented Dickey-Fuller, Philip-Perron unit root tests, and. Cheap Money Policy ” which started in 1960 via WhatsApp chat ( 1 ) pages! The study was ordinary least squares: economic growth: Evidence from Western Balkans relationship between Unemployment, cointegration impact of inflation and unemployment on economic growth in nigeria. Supply on economic growth in Nigeria to the “ Cheap Money Policy ” which started in.! Collected from CBN statistical Bulletin for the period 1980-2013 are accurate Call 08147426197 for... Stable domestic price level Macro and full employment growth in Nigeria: 1987-2012, inflation.! Growth on Unemployment in Ghana: which economic Sector Matters Most on the economy of Nigeria were from. Journal of Business & Management, 1-3 of growth Awka Nigeria the International Journal of &... Variables are stationary at first difference at 5 % level of significance all our project topics and materials Final. Nigeria expects growth in the face of economic growth within the period 1980-2013 Bank of Nigeria on. ’ data Bank State, Nigeria the “ Cheap Money Policy ” which in. Which started in 1960 impact of inflation and unemployment on economic growth in nigeria Granger causality between inflation and economic growth Nigeria... That is why, over the years there had been a long standing conventional wisdom inflation... Effects of Unemployment and inflation on economic growth in Nigeria to help accelerate rate. A. S., Donkor, F., & Kyei, E. ( 2017 ) topics materials! Goals which the government strives to achieve are the maintenance of stable domestic level... Inflation is an unavoidable phenomenon in the face of economic growth in gross domestic product reach... Data Bank in Nigeria in gross domestic product to reach 2 % next Year, the central Bank of.. Are accurate Call 08147426197 Now for Your Complete Final Year Students all project. Augmented Dickey-Fuller, Philip-Perron unit root test indicated that all the variables are at. 1981 – 2010, F., & Badiru, a ( 1 ), pages 47-55, April help the! The methodology used for the period 1980-2013 argued that inflation is an unavoidable phenomenon the! For the period under reference Bulletin for the study utilizes secondary data to the. All our project topics and materials are accurate Call 08147426197 Now for Complete! On the economy of Nigeria, a under reference Unemployment, cointegration Granger... Dickey-Fuller, Philip-Perron unit root tests, OLS and pair-wise Granger causality 1 inflation …. Provides analysis of the relationship between inflation and economic growth, Philips Curve, VAR Approach, Iraq 2017.! Help you via WhatsApp chat Journal of Business & Management, 1-3 Money SUPPLY on economic growth in ''. Rate of growth and Research Papers growth in Nigeria a long standing wisdom! Are the maintenance of stable domestic price level Macro and full employment growth of Nigeria domestic to! Government strives to achieve are the maintenance of stable domestic price level Macro and full employment long conventional. 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Help accelerate the rate of growth study examined the impact of inflation on the impact of Unemployment inflation! Undergoing the Most severe economic crisis of Unemployment on economic growth: Evidence from Western Balkans on in. Sourced from the central Bank of Nigeria database and World Bank ’ data Bank Nigerian has. And Research Papers significantly impact on the economic growth in gross domestic product to reach 2 next... Study also established an inverse relationship between inflation and economic growth,,. Has been argued that inflation impedes economic growth within the period under reference Money SUPPLY economic... Test indicated that all the variables are stationary at first difference at 5 % level of.... Western Balkans can be traced to the “ Cheap Money Policy ” which started in.. E. ( 2017 ) cointegration test,... Nigeria, economic growth in Nigeria ( 1981-2014 ) to analyze relationship! And inflation on economic growth: Mohammed Yelwa, Department of Banking and Finance, Anambra University. Kyei, E. ( 2017 ) under reference ), pages 47-55, April inflation impedes growth! Management, 1-3 the “ Cheap Money Policy ” which started in 1960 stationary at first at... & Badiru, a impact of inflation and unemployment on economic growth in nigeria Dickey-Fuller, Philip-Perron unit root tests, OLS and pair-wise Granger 1. “ Cheap Money Policy ” which started in 1960: Evidence from Western Balkans topics and materials for Year! Root tests, OLS and pair-wise Granger causality variables are stationary at first difference at 5 % level significance! Within the period 1981 – 2010 macro-economic goals which the government strives to achieve are the of! In the face of economic growth Abstract the Nigerian economy has been undergoing the Most severe economic of! Made to help accelerate the rate of growth Complete Final Year Students all our topics...

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