Department of Economics and Finance, Mzumbe University, Tanzania, Tanzania
Review Article
Econometric Analysis of the Impact of Economic Growth and Inflation on Unemployment rate in Tanzania
Author(s): Moga Tano Jilenga* and Seleman Abas Seleman
Studies on the relationship between unemployment and economic growth both in developed and developing countries is still debatable.
This study investigates the impact of economic growth and inflation on unemployment rate in Tanzania. We use time-series data for the period
spanning from 1991 to 2020 and the Dynamic Ordinary Least Square (DOLS) technique to analyse the relationship of unemployment and
economic growth for the case of Tanzania. The DOLS technique is used due to its superiority in estimating the long-run and short-run
coefficients of co-integrated series. The results from the empirical analysis found that there is significant negative long-run relationship
between economic growth and inflation with respect to unemployment rate in Tanzania. Thus, both the real Gross Domestic Product and
inflation rate are statistically significant in influencing unemployme.. Read More»
DOI:
10.37421/ 2162-6359.11.638