Revisiting the trade and unemployment nexus: Empirical evidence from the Nigerian economy

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dc.authorid0000-0003-1497-7835
dc.authorid0000-0001-5227-5135
dc.authorid0000-0002-0464-4677
dc.contributor.authorOnifade, Stephen Taiwo.
dc.contributor.authorAy, Ahmet.
dc.contributor.authorAsongu, Simplice.
dc.contributor.authorBekun, Festus Victor.
dc.date.accessioned2020-03-26T20:19:15Z
dc.date.available2020-03-26T20:19:15Z
dc.date.issued2019
dc.departmentSelçuk Üniversitesi, İktisadi Ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.description.abstractThe recent exacerbation of unemployment crisis in Nigeria stands to be a serious threat to both socio-economic stability and progress of the country just as the report from the Bureau of Statistics shows that at least over 8.5 million people had no gainful employment at all as at the last quarter of the year 2017. It is on the above premise, that the present study explores the link between trade and unemployment for the case of Nigeria with the intention of exploring how the unemployment crisis has been impacted within the dynamics of the country's trade performance. The empirical evidence shows that the nation's terms of trade were insignificant to unemployment rate, while trade openness and domestic investment, on the other hand, have significant opposing impacts on unemployment in Nigeria over the period of the study. Further breakdowns from the empirical analysis also revealed that the Philips curves proposition is valid within the Nigerian economic context, while the evidences for the validity of Okun's law only exist in the short-run scenario. Based on the empirical results, we recommend that concerted effort should be geared toward stimulating domestic investment by providing adequate financial and infrastructural facilities that will promote ease of doing business while utmost precautions are taken to ensure that unemployment crisis is not exacerbated when combating inflation in the economy in the wake of dynamic trade relations.en_US
dc.identifier.citationOnifade, S. T., Ay, A., Asongu, S., Bekun, F. V. (2019). Revisiting the Trade and Unemployment Nexus: Empirical Evidence from the Nigerian Economy. Journal of Public Affairs, 20(3), e2053.
dc.identifier.doi10.1002/pa.2053en_US
dc.identifier.issn1472-3891en_US
dc.identifier.issn1479-1854en_US
dc.identifier.issue3
dc.identifier.pmid#YOKen_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://dx.doi.org/10.1002/pa.2053
dc.identifier.urihttps://hdl.handle.net/20.500.12395/38170
dc.identifier.volume20
dc.identifier.wosWOS:000507278400001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorAy, Ahmet.
dc.language.isoenen_US
dc.publisherWILEYen_US
dc.relation.ispartofJOURNAL OF PUBLIC AFFAIRSen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.selcuk20240510_oaigen_US
dc.subjectunemployment nexus
dc.subjectNigerian economy
dc.subjectRevisiting the trade
dc.titleRevisiting the trade and unemployment nexus: Empirical evidence from the Nigerian economyen_US
dc.typeArticleen_US

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