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and oil prices. In addition, the results demonstrate that in Nigeria, in the long term, unemployment has a negative and … not remain constant for Nigeria. However, policymakers should take steps to reduce unemployment to enhance economic growth …This study employs the autoregressive distributed lag (ARDL) bounds testing technique to examine whether Okun's law …
Persistent link: https://www.econbiz.de/10012919560
and oil prices. In addition, the results demonstrate that in Nigeria, in the long term, unemployment has a negative and … not remain constant for Nigeria. However, policymakers should take steps to reduce unemployment to enhance economic growth …This study employs the autoregressive distributed lag (ARDL) bounds testing technique to examine whether Okun's law …
Persistent link: https://www.econbiz.de/10011995297
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used are the ARDL approach for the individual country and the panel data analysis for the entire sample. The period … summarized as follows: First, the estimation results suggest that Okun’s Law is valid, and hence job creation is associated with … not robust as they are sensitive to the choice of the estimation model and to the de-trending method. …
Persistent link: https://www.econbiz.de/10011635846
contrary to unemployment–output relationship even though unemployment rate determines the real output growth in Nigeria but not … drastic reduction of unemployment which is a pointer to increasing aggregate demand and output growth in Nigeria in the long … difference model approach of the Okun’s law are used even though one of them is frequently used in the literature. We utilize Var-cointegration …
Persistent link: https://www.econbiz.de/10009788571
This paper improves the existing literature on the shrinkage of high dimensional model and parameter spaces through Bayesian priors and Markov Chains algorithms. A hierarchical semiparametric Bayes approach is developed to overtake limits and misspecificity involved in compressed regression...
Persistent link: https://www.econbiz.de/10013459503
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