Go to AfricaBib home

Go to AfricaBib home AfricaBib Go to database home

bibliographic database
Line
Previous page New search

The free AfricaBib App for Android is available here

Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Unemployment and Inflation under Structural Adjustment: The Nigerian Experience
Author:Ekpo, Akpan H.ISNI
Year:1992
Periodical:Eastern Africa Economic Review
Volume:8
Issue:2
Pages:102-113
Language:English
Geographic term:Nigeria
Subjects:employment
inflation
economic policy
Economics and Trade
Labor and Employment
Abstract:Despite various stabilization and adjustment packages from 1978 to 1990, the Nigerian economy still experiences high rates of inflation and unemployment. The paper, using a Phillips relation approach, shows that government expansionary demand as well as supply-side policies have been ineffective in reducing inflation and unemployment in Nigeria. Major policy responses to arrest the inflationary spiral and unemployment problems are also discussed. Expected inflation seems to play a significant role in explaining the high rates of inflation. Time series analysis indicates that in the long-run, there was no trade-off between the rate of inflation and unemployment. Invariably, an appropriate policy mix is necessary if the economy is to grow towards full employment with a minimal rate of price increases. Bibliogr., sum.
Views