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The relationship between inflation and unemployment in Sub-Saharan Africa
[La relation entre l’inflation et le chômage en Afrique subsaharienne]

Author

Listed:
  • Mah Philippe Valdez Dimitri

    (CIRCE - Centre Interdisciplinaire de Recherches Centre-Européennes - EUR'ORBEM - Cultures et sociétés d’Europe orientale, balkanique et médiane - SU - Sorbonne Université - CNRS - Centre National de la Recherche Scientifique)

  • Louis Henri Ngah Ntiga

    (CIRCE - Centre Interdisciplinaire de Recherches Centre-Européennes - EUR'ORBEM - Cultures et sociétés d’Europe orientale, balkanique et médiane - SU - Sorbonne Université - CNRS - Centre National de la Recherche Scientifique)

Abstract

The notions of unemployment and inflation remain the main concerns of public and monetary authorities in the sense that they represent the main lever of economic policy in terms of arbitrage. The existing relationship between these variables is old, but the paternity of this study goes to Phillips (1958) who managed to explain an inverse relationship between unemployment and inflation in Great Britain (1861-1957). The present study aims to verify this theory for subSaharan African countries. The estimation of the model confirms this theory. Thus, it would be wise to pursue "controlled" contractionary policies to promote employment. Contractionist" policies to promote employment in the region would be appropriate. However, this economic policy needs to take into account the quality of institutions.

Suggested Citation

  • Mah Philippe Valdez Dimitri & Louis Henri Ngah Ntiga, 2023. "The relationship between inflation and unemployment in Sub-Saharan Africa [La relation entre l’inflation et le chômage en Afrique subsaharienne]," Working Papers halshs-04078028, HAL.
    • Handle: RePEc:hal:wpaper:halshs-04078028
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04078028
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    More about this item

    Keywords

    Unemployment; inflation; Phillips curve (1958); courbe de Phillips (1958); Chômage inflation courbe de Phillips (1958) Classification JEL : E10 E24 E31 C33 Unemployment inflation Phillips curve (1958); courbe de Phillips (1958) Classification JEL : E10; E24; E31; C33 Unemployment; Chômage;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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