Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka

Preshala Samarakoonge

doi:doi:10.11648/j.eco.20241301.12

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Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka

Preshala Samarakoonge

Published in Economics (Volume 13, Issue 1)

Received: 4 December 2023 Accepted: 27 December 2023 Published: 11 January 2024

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Abstract

Through the use of a quantitative methodology that is based on an exhaustive examination of secondary data, this study conducts an in-depth investigation of the complex link that exists between unemployment and inflation within the context of Sri Lanka's one-of-a-kind economic environment. In the course of this comprehensive research, which spans the years 1959 through 2022, a wide range of macroeconomic variables are methodically investigated with the purpose of elucidating the intricate linkages that exist between them. These convincing results of this analysis demonstrate a considerable negative association between unemployment rates and inflation, throwing light on the numerous issues that are inherent in the process of designing successful economic policies within this framework. The research strongly supports for the implementation of policy frameworks that are balanced and successfully target both job creation and price stability. This is because the study acknowledges that both are key aspects for encouraging economic growth that is both long-lasting and sustainable. It is important to emphasize that the dependence on secondary data sources has always influenced the historical emphasis, and the availability of data has thus been restricted. On the other hand, in spite of these limitations, this study makes a substantial contribution to the understanding of the complex mechanisms that drive the link between unemployment and inflation. Insights such as these serve as a solid platform for additional in-depth investigations and policy considerations that are customized to Sri Lanka's particular economic environment. This paves the way for decisions that are better informed.

Published in	Economics (Volume 13, Issue 1)
DOI	10.11648/j.eco.20241301.12
Page(s)	12-21
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Inflation, Unemployment, Sri Lanka

References

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[2]	ARESTIS, P., & SAWYER, M. (2014). Reinventing fiscal policy. Journal of Post Keynesian Economics.
[3]	Cottarelli, C., & Krueger, T. (1998). Retrieved from https://www.elibrary.imf.org/view/book/9781557757098/ch03.xml
[4]	Jahan,, S., Mahmud, A., & Papage, C. (2014). Retrieved from https://www.imf.org/external/pubs/ft/fandd/2014/09/basics.htm
[5]	Khan, S., Khan, H., & Gul, A. (2023). The Dance of Debt and Growth in South Asian Economies. Qlantic Journal of Social Sience.
[6]	[IMF], I. (2013). Greece: Ex-post evaluation of exceptional access under the 2010 stand-by arrangement.
[7]	Abdullah, A. A., & Majeed, M. T. (2019). External debt, trade openness, and economic growth in Nigeria: An ARDL approach. Journal of African Business, 20(4), 499-514.
[8]	Adams. (2018). find that directors' industry experience adds value.
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[10]	Adeyemo. (2019). Effects of Poultry Manure on Soil Infiltration.
[11]	Afzal et al. (2019). external debt on economic growth.
[12]	AKRAM, N. (2017). ROLE OF PUBLIC DEBT IN ECONOMIC GROWTH. Pakistan Journal of Applied Economics.
[13]	Akram, N. (2017). Role of Public Debt in Economic Growth of Sri Lanka: An ARDL Approach. Pakistan Journal of Applied Economics, 27(2): 189-212.
[14]	Allen, D., & Ndikumana, L. (2000). Financial intermediation and economic growth in Southern Africa. Journal of African Economies, 2, 132-160.
[15]	Ameresekere, P. (2023). Retrieved from https://ceylontoday.lk/2023/07/06/budget-deficit-expands-by-100-67-in-first-four-months-of-2023/
[16]	Asante, K. A., & Molley, E. (2020). External debt and economic growth in Ghana: Evidence from a threshold model analysis. International Journal of Emerging Markets, 15(5), 825-841.
[17]	ASEAN, & East_Asia, &. (2019). China's Belt and Road Initiative: Economic, strategic and geopolitical implications. Economic Research Institute.
[18]	Asian_Development_Bank. (2021). Retrieved from https://www.adb.org/what-we-do/economic-analysis/data-and-statistics/external-debt.

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APA Style

Samarakoonge, P. (2024). Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka. Economics, 13(1), 12-21. https://doi.org/10.11648/j.eco.20241301.12

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ACS Style

Samarakoonge, P. Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka. Economics. 2024, 13(1), 12-21. doi: 10.11648/j.eco.20241301.12

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AMA Style

Samarakoonge P. Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka. Economics. 2024;13(1):12-21. doi: 10.11648/j.eco.20241301.12

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@article{10.11648/j.eco.20241301.12,
  author = {Preshala Samarakoonge},
  title = {Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka},
  journal = {Economics},
  volume = {13},
  number = {1},
  pages = {12-21},
  doi = {10.11648/j.eco.20241301.12},
  url = {https://doi.org/10.11648/j.eco.20241301.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20241301.12},
  abstract = {Through the use of a quantitative methodology that is based on an exhaustive examination of secondary data, this study conducts an in-depth investigation of the complex link that exists between unemployment and inflation within the context of Sri Lanka's one-of-a-kind economic environment. In the course of this comprehensive research, which spans the years 1959 through 2022, a wide range of macroeconomic variables are methodically investigated with the purpose of elucidating the intricate linkages that exist between them. These convincing results of this analysis demonstrate a considerable negative association between unemployment rates and inflation, throwing light on the numerous issues that are inherent in the process of designing successful economic policies within this framework. The research strongly supports for the implementation of policy frameworks that are balanced and successfully target both job creation and price stability. This is because the study acknowledges that both are key aspects for encouraging economic growth that is both long-lasting and sustainable. It is important to emphasize that the dependence on secondary data sources has always influenced the historical emphasis, and the availability of data has thus been restricted. On the other hand, in spite of these limitations, this study makes a substantial contribution to the understanding of the complex mechanisms that drive the link between unemployment and inflation. Insights such as these serve as a solid platform for additional in-depth investigations and policy considerations that are customized to Sri Lanka's particular economic environment. This paves the way for decisions that are better informed.
},
 year = {2024}
}

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TY  - JOUR
T1  - Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka
AU  - Preshala Samarakoonge
Y1  - 2024/01/11
PY  - 2024
N1  - https://doi.org/10.11648/j.eco.20241301.12
DO  - 10.11648/j.eco.20241301.12
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 12
EP  - 21
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20241301.12
AB  - Through the use of a quantitative methodology that is based on an exhaustive examination of secondary data, this study conducts an in-depth investigation of the complex link that exists between unemployment and inflation within the context of Sri Lanka's one-of-a-kind economic environment. In the course of this comprehensive research, which spans the years 1959 through 2022, a wide range of macroeconomic variables are methodically investigated with the purpose of elucidating the intricate linkages that exist between them. These convincing results of this analysis demonstrate a considerable negative association between unemployment rates and inflation, throwing light on the numerous issues that are inherent in the process of designing successful economic policies within this framework. The research strongly supports for the implementation of policy frameworks that are balanced and successfully target both job creation and price stability. This is because the study acknowledges that both are key aspects for encouraging economic growth that is both long-lasting and sustainable. It is important to emphasize that the dependence on secondary data sources has always influenced the historical emphasis, and the availability of data has thus been restricted. On the other hand, in spite of these limitations, this study makes a substantial contribution to the understanding of the complex mechanisms that drive the link between unemployment and inflation. Insights such as these serve as a solid platform for additional in-depth investigations and policy considerations that are customized to Sri Lanka's particular economic environment. This paves the way for decisions that are better informed.

VL  - 13
IS  - 1
ER  -

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Author Information

Preshala Samarakoonge

Sri Sumanajothi Primary School, Ingiriya, Colombo, Sri Lanka

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Plain Text BibTeX RIS

APA Style

Samarakoonge, P. (2024). Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka. Economics, 13(1), 12-21. https://doi.org/10.11648/j.eco.20241301.12

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ACS Style

Samarakoonge, P. Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka. Economics. 2024, 13(1), 12-21. doi: 10.11648/j.eco.20241301.12

Copy | Download

AMA Style

Samarakoonge P. Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka. Economics. 2024;13(1):12-21. doi: 10.11648/j.eco.20241301.12

Copy | Download

@article{10.11648/j.eco.20241301.12,
  author = {Preshala Samarakoonge},
  title = {Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka},
  journal = {Economics},
  volume = {13},
  number = {1},
  pages = {12-21},
  doi = {10.11648/j.eco.20241301.12},
  url = {https://doi.org/10.11648/j.eco.20241301.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20241301.12},
  abstract = {Through the use of a quantitative methodology that is based on an exhaustive examination of secondary data, this study conducts an in-depth investigation of the complex link that exists between unemployment and inflation within the context of Sri Lanka's one-of-a-kind economic environment. In the course of this comprehensive research, which spans the years 1959 through 2022, a wide range of macroeconomic variables are methodically investigated with the purpose of elucidating the intricate linkages that exist between them. These convincing results of this analysis demonstrate a considerable negative association between unemployment rates and inflation, throwing light on the numerous issues that are inherent in the process of designing successful economic policies within this framework. The research strongly supports for the implementation of policy frameworks that are balanced and successfully target both job creation and price stability. This is because the study acknowledges that both are key aspects for encouraging economic growth that is both long-lasting and sustainable. It is important to emphasize that the dependence on secondary data sources has always influenced the historical emphasis, and the availability of data has thus been restricted. On the other hand, in spite of these limitations, this study makes a substantial contribution to the understanding of the complex mechanisms that drive the link between unemployment and inflation. Insights such as these serve as a solid platform for additional in-depth investigations and policy considerations that are customized to Sri Lanka's particular economic environment. This paves the way for decisions that are better informed.
},
 year = {2024}
}

Copy | Download

TY  - JOUR
T1  - Empirical Research on Nexus Between Inflation and Unemployment: In the Case of Sri Lanka
AU  - Preshala Samarakoonge
Y1  - 2024/01/11
PY  - 2024
N1  - https://doi.org/10.11648/j.eco.20241301.12
DO  - 10.11648/j.eco.20241301.12
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 12
EP  - 21
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20241301.12
AB  - Through the use of a quantitative methodology that is based on an exhaustive examination of secondary data, this study conducts an in-depth investigation of the complex link that exists between unemployment and inflation within the context of Sri Lanka's one-of-a-kind economic environment. In the course of this comprehensive research, which spans the years 1959 through 2022, a wide range of macroeconomic variables are methodically investigated with the purpose of elucidating the intricate linkages that exist between them. These convincing results of this analysis demonstrate a considerable negative association between unemployment rates and inflation, throwing light on the numerous issues that are inherent in the process of designing successful economic policies within this framework. The research strongly supports for the implementation of policy frameworks that are balanced and successfully target both job creation and price stability. This is because the study acknowledges that both are key aspects for encouraging economic growth that is both long-lasting and sustainable. It is important to emphasize that the dependence on secondary data sources has always influenced the historical emphasis, and the availability of data has thus been restricted. On the other hand, in spite of these limitations, this study makes a substantial contribution to the understanding of the complex mechanisms that drive the link between unemployment and inflation. Insights such as these serve as a solid platform for additional in-depth investigations and policy considerations that are customized to Sri Lanka's particular economic environment. This paves the way for decisions that are better informed.

VL  - 13
IS  - 1
ER  -

Copy | Download