Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

@article{168212,
        author = {Umar Garba},
        title = {Re-examining The Phillips Curve Theory in Nigeria: An Empirical Analysis},
        journal = {International Journal of Innovative Research in Technology},
        year = {2024},
        volume = {11},
        number = {5},
        pages = {251-256},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=168212},
        abstract = {This article re-examines the Phillips Curve Theory for Nigeria; time-series data for the period from 1980 to 2022 have been analyzed. The study employed the ARDL model to examine the linkage between inflation and unemployment in Nigeria. The study revealed that there was a negative relationship between unemployment and inflation, thus enhancing the fact that the Phillips Curve Theory exists in Nigeria. A relatively weak negative association is unveiled to exist between unemployment and the nominal GDP.  Stability tests (Cusum Sum of Squares) confirmed that the model is robust. Diagnostic tests actually justify its reliability (heteroskedasticity, multicollinearity, and autocorrelation). These results (findings) suggest that the monetary authorities must exercise caution while implementing inflation-targeting policies or adjusting money supply because these policies may be influencing unemployment rates.},
        keywords = {Phillips curve, ARDL, Inflation rate, nominal GDP, Unemployment rate, exchange rate.},
        month = {October},
        }