The CO-Integration Test Between Inflation And Unemployment Rates In Libya Economy From1991 To 2023
Keywords:
Inflation, Unemployment, Libya Economy, Co-integrationAbstract
The current research analyses the co-integration relationship between the inflation and unemployment rates in Libya economy over the period 1991 – 2023, co-integration approach was adopted in this research by using Engel-Granger method and error correction method to identify the co-integration relationship between inflation and unemployment rates in the long and short term and their directions. The study resulted that there is no relationship between inflation and unemployment rates in the long and short term.
References
مصرف ليبيا المركزي(2020). الكتيب الإحصائي للإحصاءات النقدية والمالية للفترة (1966-2017)، https://cbl.gov.ly/#
مصرف ليبيا المركزي، التقرير السنوي، أعداد مختلفة.
مصرف ليبيا المركزي، النشرة الاقتصادية، أعداد مختلفة.
Ahmad, U. H. (2023). Empirical assessment of the relationship between inflation, exchange rate and unemployment in Nigeria, 1999-2021. International Journal of Multidisciplinary, 180-185.
Bendakfal K. (2020). Modelling the relationship between unemployment and inflation according to the concept of Phillip, Economic and management research,14(1), 61-80.
Bokhari, A. A. (2020). The twinning of inflation and unemployment phenomena in Saudi Arabia: Phillips curve perspective. Contemporary Economics, 14(2), 254-271.
Brian, S., & Howard R, V. (2005). Modern Macroeconomics,p143.
Daniel, S. U., Israel, V. C., Chidubem, C. B., & Quansah, J. (2021). Relationship between inflation and unemployment: Testing Philips curve hypotheses and investigating the causes of inflation and unemployment in Nigeria. Traektoriâ Nauki= Path of Science, 7(9), 1013-1027.
Elliot, B. (2015). The relationship between inflation and unemployment in Ghana: Analysis of the Philips Curve. African Journal of Economic Review, 3(2), 117-124.
Gujarati, D. N. (2004). Basic Econometrics, Forth Edition, McGraw-Hill. New York, pp 823-825.
Hameed, R. S., & Bari, A. P. D. B. A. (2024). Measuring And Analyzing The Relationship Between The Inflation Rate And The Ur In Iraq For The Period (2003-2023). World Economics and Finance Bulletin, 37, 44-57.
Messaoud, L., & Ali, B. (2024). A Standard Study To Determine The Nature Of The Relationship Between The Inflation Rate And The Unemployment Rate In Algeria During The Period (1970-2021) Using The Error Correction Model (ECM): The journal of contemporary issues in business and government, 30(1), 145-162.
Mohammed, B. (2022). The Relationship between Oil Prices, Inflation and Unemployment rate in Iraq, from 2000 to 2020. Journal of Garmian University, 9(2), 518-526.
Saani, M. R., Abdulai, A. M., & Salifu, M. (2024). Inflation, public debt and unemployment nexus in Ghana. An ARDL analysis. Cogent Economics & Finance, 12(1), 1-16.
Sasongko, G., & Huruta, A. D. (2019). The causality between inflation and unemployment: the Indonesian evidence. Business: Theory and Practice, 20, 1-10.
Shesha, L. S. (2023). Cost of unemployment affecting full employment and price stability in Saudi Arabia: An endogenous monetary approach. European Journal of Sustainable Development, 12(2), 318-329.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Journal of Economic and Political Sciences
This work is licensed under a Creative Commons Attribution 4.0 International License.
