The challenges imposed by the rising cases of unemployment, inflationary rate and less purchasing power in households have stirred considerable interest amongst researchers and actors in contemporary times in designing agreeable mechanism that engenders economic growth. This paper examined the impact of unemployment, inflation and household’s consumption on economic growth for 1960 to 2018. OLS estimation technique was adopted. From the findings, unemployment, inflation and household’s consumption impacted on economic growth. But it was observed that inflation (INF) significantly influence economic growth in Nigeria. However, controlling for the influence of consumer price index (CPI), we observed that it is a key determinant of economic growth. The study therefore recommends for efficient and effective policy mix that may monitor the inflation rate in Nigeria.
| Published in | International Journal of Business and Economics Research (Volume 10, Issue 6) |
| DOI | 10.11648/j.ijber.20211006.16 |
| Page(s) | 258-266 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Unemployment, Inflation, Consumption, Households, Economic Growth
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APA Style
Felicia Abada, Charles Manasseh, Ogochukwu Okanya, Nnenna G. Nwonye, Ngozi Mabel Nwekwo, et al. (2021). Impact of Unemployment, Inflation and Households Consumption on Economic Growth. International Journal of Business and Economics Research, 10(6), 258-266. https://doi.org/10.11648/j.ijber.20211006.16
ACS Style
Felicia Abada; Charles Manasseh; Ogochukwu Okanya; Nnenna G. Nwonye; Ngozi Mabel Nwekwo, et al. Impact of Unemployment, Inflation and Households Consumption on Economic Growth. Int. J. Bus. Econ. Res. 2021, 10(6), 258-266. doi: 10.11648/j.ijber.20211006.16
AMA Style
Felicia Abada, Charles Manasseh, Ogochukwu Okanya, Nnenna G. Nwonye, Ngozi Mabel Nwekwo, et al. Impact of Unemployment, Inflation and Households Consumption on Economic Growth. Int J Bus Econ Res. 2021;10(6):258-266. doi: 10.11648/j.ijber.20211006.16
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Download@article{10.11648/j.ijber.20211006.16,
author = {Felicia Abada and Charles Manasseh and Ogochukwu Okanya and Nnenna G. Nwonye and Ngozi Mabel Nwekwo and Shammah E. Shimmah and Oluseun Paseda},
title = {Impact of Unemployment, Inflation and Households Consumption on Economic Growth},
journal = {International Journal of Business and Economics Research},
volume = {10},
number = {6},
pages = {258-266},
doi = {10.11648/j.ijber.20211006.16},
url = {https://doi.org/10.11648/j.ijber.20211006.16},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20211006.16},
abstract = {The challenges imposed by the rising cases of unemployment, inflationary rate and less purchasing power in households have stirred considerable interest amongst researchers and actors in contemporary times in designing agreeable mechanism that engenders economic growth. This paper examined the impact of unemployment, inflation and household’s consumption on economic growth for 1960 to 2018. OLS estimation technique was adopted. From the findings, unemployment, inflation and household’s consumption impacted on economic growth. But it was observed that inflation (INF) significantly influence economic growth in Nigeria. However, controlling for the influence of consumer price index (CPI), we observed that it is a key determinant of economic growth. The study therefore recommends for efficient and effective policy mix that may monitor the inflation rate in Nigeria.},
year = {2021}
}
TY - JOUR T1 - Impact of Unemployment, Inflation and Households Consumption on Economic Growth AU - Felicia Abada AU - Charles Manasseh AU - Ogochukwu Okanya AU - Nnenna G. Nwonye AU - Ngozi Mabel Nwekwo AU - Shammah E. Shimmah AU - Oluseun Paseda Y1 - 2021/12/24 PY - 2021 N1 - https://doi.org/10.11648/j.ijber.20211006.16 DO - 10.11648/j.ijber.20211006.16 T2 - International Journal of Business and Economics Research JF - International Journal of Business and Economics Research JO - International Journal of Business and Economics Research SP - 258 EP - 266 PB - Science Publishing Group SN - 2328-756X UR - https://doi.org/10.11648/j.ijber.20211006.16 AB - The challenges imposed by the rising cases of unemployment, inflationary rate and less purchasing power in households have stirred considerable interest amongst researchers and actors in contemporary times in designing agreeable mechanism that engenders economic growth. This paper examined the impact of unemployment, inflation and household’s consumption on economic growth for 1960 to 2018. OLS estimation technique was adopted. From the findings, unemployment, inflation and household’s consumption impacted on economic growth. But it was observed that inflation (INF) significantly influence economic growth in Nigeria. However, controlling for the influence of consumer price index (CPI), we observed that it is a key determinant of economic growth. The study therefore recommends for efficient and effective policy mix that may monitor the inflation rate in Nigeria. VL - 10 IS - 6 ER -
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