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The Effect of Unemployment Rate on the Gross Domestic Product in Nigeria (A Bayesian Approach)

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  • Agboli, Victor

Abstract

This study investigates the impact of unemployment on the Gross Domestic Product (GDP) of Nigeria for a period of 28 years (1990-2018). The study focuses on the relationship between unemployment and economic growth in Nigeria (GDP). The method used in this study is the Bayesian Linear Regression Analysis, the major findings were that unemployment has a positive impact on the economic growth of Nigeria. Some suggestions and policy recommendations were made based on the findings.

Suggested Citation

  • Agboli, Victor, 2021. "The Effect of Unemployment Rate on the Gross Domestic Product in Nigeria (A Bayesian Approach)," OSF Preprints d8ek9, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:d8ek9
    DOI: 10.31219/osf.io/d8ek9
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    Cited by:

    1. Wali Aya Rumbia & Abd Azis Muthalib & Bakhtiar Abbas & Pasrun Adam & Asrul Jabani & Yuwanda Purnamasari Pasrun & Dzulfikri Azis Muthalib, 2022. "The Asymmetry Effect of Oil Consumption, Unemployment and Broadband Technology on Economic Growth in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 276-281, March.

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