Does Okun’s Law explain the relationship between economic growth and unemployment in Nigeria?

• Main Authors: Dankumo, Ali Madina, Suryati Ishak,, Oluwaseyi, Zubair Azeem, Onisanwa, Idowu Daniel
• Format: Article
• Language: English
• Published: Penerbit Universiti Kebangsaan Malaysia 2019
• Online Access: http://journalarticle.ukm.my/14145/1/jeko_53%283%29-12.pdf; http://journalarticle.ukm.my/14145/; http://www.ukm.my/fep/jem/content/2019-3.html

Okun (1962) statistically established a negative association between growth and unemployment. This is known as Okun’s Law. This paper investigates, if Okun’s law holds in Nigeria considering the nature of its system of governance, and the study employs an ARDL bounds test approach using data coverin...