The Philip’s Curve in Sub-Saharan Africa: Evidence from Panel Data Analysis
Godwin Essang Esu,
Johnson Akpan Atan
Issue:
Volume 6, Issue 5, October 2017
Pages:
59-66
Received:
25 November 2017
Accepted:
5 December 2017
Published:
25 December 2017
Abstract: In this study, we attempted the assessment of the validity of the Philip’s curve hypothesis in the Sub-Saharan African region. We employed a panel data technique of analysis, drawing data from twenty-nine countries in the region. The data spanned 24 years (1991 to 2015). The inflation rate was captured using the consumer price index (CPI – its log first difference), while unemployment rate was measured by total unemployment (as a percentage of total labour force, a national estimate). Using a panel data analysis technique, our result showed that there was no significant relationship between inflation rate and the rate of unemployment (based on Two-Way FE), but One-Way FE and RE showed a rather significant trade-off. Though the conflicting results suggest an inconclusive outcome, the Two-Way FE (that was the technique in focus in this study), seems to invalidate the existence of the common Philip’s Curve (that is, unemployment-inflation trade-off) in the Sub-Saharan African region.
Abstract: In this study, we attempted the assessment of the validity of the Philip’s curve hypothesis in the Sub-Saharan African region. We employed a panel data technique of analysis, drawing data from twenty-nine countries in the region. The data spanned 24 years (1991 to 2015). The inflation rate was captured using the consumer price index (CPI – its log ...
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An Empirical Study on the Influencing Factors of Premium Income Level of Family Property Insurance in China
Issue:
Volume 6, Issue 5, October 2017
Pages:
67-70
Received:
6 November 2017
Accepted:
27 November 2017
Published:
2 January 2018
Abstract: Based on the data of China's property insurance premiums from 1998 to 2015, this paper from the six aspects of production, consumption, income, investment, inflation and resident insurance awareness. including the gross domestic product (GDP), premium income of property and casualty insurance Consumption levels, consumer price index (base period), general college and above graduates, the entire social housing investment and urban and rural residents disposable income seven macro indicators of China's home insurance premium income conducted a multiple regression analysis.
Abstract: Based on the data of China's property insurance premiums from 1998 to 2015, this paper from the six aspects of production, consumption, income, investment, inflation and resident insurance awareness. including the gross domestic product (GDP), premium income of property and casualty insurance Consumption levels, consumer price index (base period), ...
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