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An Assessment of the Severity of Unemployment in Nigeria: Evidence from Fractional Integration

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  • Moses Kpughur Tule
  • Moses Onyema Oduh
  • Charles Chike Chiemeke
  • Obiageri Christiana Ndukwe

Abstract

This paper estimates the degree of persistence and level of unemployment, fairly consistent with the theoretical definition of the natural rate of unemployment for Nigeria. It argues that hysteresis exists on real borderline with an upward sloping Phillips curve, an indication that the optimization problem of the Central Bank of Nigeria could be less costly than was originally envisaged.

Suggested Citation

  • Moses Kpughur Tule & Moses Onyema Oduh & Charles Chike Chiemeke & Obiageri Christiana Ndukwe, 2018. "An Assessment of the Severity of Unemployment in Nigeria: Evidence from Fractional Integration," Journal of African Business, Taylor & Francis Journals, vol. 19(1), pages 39-61, January.
    • Handle: RePEc:taf:wjabxx:v:19:y:2018:i:1:p:39-61
    DOI: 10.1080/15228916.2017.1343031
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    References listed on IDEAS

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    1. Guglielmo Maria Caporale & Luis A. Gil‐Alana, 2007. "Nonlinearities and Fractional Integration in the US Unemployment Rate," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(4), pages 521-544, August.
    2. Gabriel P. Mathy, 2015. "Hysteresis and Persistent Long-Term Unemployment: Lessons from the Great Depression and World War II," Working Papers 2015-02, American University, Department of Economics.
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    Cited by:

    1. Moses Tule & Afees Salisu & Charles Chiemeke, 2020. "Improving Nigeria’s Inflation Forecast with Oil Price: The Role of Estimators," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 18(1), pages 191-229, March.
    2. Guglielmo Maria Caporale & Luis A. Gil-Alana & Pablo Vicente Trejo, 2021. "Unemployment Persistence in Europe: Evidence from the 27 EU Countries," CESifo Working Paper Series 9392, CESifo.

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