International records / OpenAlex research

Tradeoff between Inflation and Unemployment: Implications on the Growth of the Nigerian Economy

This research investigated the tradeoff between inflation and unemployment and its implications on the growth of the Nigerian economy for the period 1981 – 2024. Data used in formulating the specific objectives include inflation rate, unemployment rate, misery index and real gross domestic product. The misery index captured the trade-off between inflation and unemployment as it equates both variables. The data were sourced from the central bank of Nigeria (CBN) statistical bulletin and analyzed using the auto-regressive distributed lag (ARDL) model. The findings revealed that inflation rate ne…