Ecosains
Vol 1, No 2 (2012): Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan

THE RELATIONSHIP BETWEEN INFLATION RATE AND UNEMPLOYMENT RATE IN INDONESIA, 1985-2008

Selli Nelonda (Fakultas Ekonomi Universitas Negeri Padang)

Article Info

Publish Date
01 Nov 2012

Abstract

This paper aims to investigate the relationship between inflation rate and unemployment. Tradeoff between inflation and unemployment rate showed a negative correlation between unemployment and wage inflation. Using the OLS method (1985-2008), the estimates indicate that the rate of inflation does not significantly influence the level of unemployment. It can be seen from a positive inflation coefficient value and not significant. Total labor force significantly affect unemployment rates. The unemployment rate last year significant effect on the unemployment rate today. Granger causality test shows that there is no causal relationship between unemployment and inflation.

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Journal Info
Ecosains
Website

Abbrev

ekosains

Publisher

Universitas Negeri Padang

Subject

Economics, Econometrics & Finance

Description

Jurnal yang mempublikasikan karya ilmiah di bidang ilmu ekonomi dan ekonomi pembangunan. Tulisan bisa dalam bentuk hasil penelitian, disertasi, tesis dan ...