September 5, 2025

Unemployment and inflation in developing nations: Implications on poverty rate in Nigeria: 1990 -2021

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Discussion

Analysis reveals unemployment and inflation significantly affect the poverty rate in Nigeria, suggesting policy interventions.

The study shows that unemployment and inflation negatively affected the poverty rate in Nigeria over the long term.
The cointegration analysis indicated a permanent association, with F statistic value at 3.715589 exceeding critical levels.
Using ARDL techniques revealed that GDP growth rate positively influences the poverty rate while inflation has a significant negative effect.
With a 99.21% self-adjustment indicated by the ECM results, this underscores the importance of economic policy reforms.

Femi et al. (2025) studied this question.

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