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Global Uncertainty, Climate Change and the Unemployment-Economic Growth Relationship in Nigeria

Author

Listed:
  • Richardson Kojo Edeme
  • Ekene ThankGod Emeka
  • Jonathan Emenike Ogbuabor

Abstract

This study investigates global uncertainty, climate change and the unemployment-economic growth relationship in Nigeria. The study utilised the autoregressive distributed lag (ARDL) estimation technique using quarterly data, 1990–2020. Findings indicate that global uncertainty and unemployment impact negatively economic growth both in the short run and long run. Also, climatic change variables employed in this study such as temperature and level of rainfall have a negative impact on economic growth both in the long-run and short-run. The moderating effects of global uncertainty and climatic variables on the unemployment-economic growth relationship were positive, though insignificant. The policy implication underlying the finding is that tackling economic uncertainty and climate change is necessary for solving unemployment problem and the attainment of sustainable growth in Nigeria. JEL Codes: C22, D80, Q25, E24, O40

Suggested Citation

  • Richardson Kojo Edeme & Ekene ThankGod Emeka & Jonathan Emenike Ogbuabor, 2024. "Global Uncertainty, Climate Change and the Unemployment-Economic Growth Relationship in Nigeria," Journal of Development Policy and Practice, , vol. 9(2), pages 238-256, July.
    • Handle: RePEc:sae:jodepp:v:9:y:2024:i:2:p:238-256
    DOI: 10.1177/24551333231208296
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    References listed on IDEAS

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    More about this item

    Keywords

    Global uncertainty; climate change; unemployment; economic growth; ARDL;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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