Does the Phillip Curve Exist? An Econometrics Analysis Report

  • Jonela Wilson Dongbei University of Finance and Economics
DOI: https://doi.org/10.53555/er.v6i2.4150
Keywords: Phillips' Curve, Econometric Analysis

Abstract

The Phillips’ Curve is a theory that states inflation and unemployment have a stable and inverse relationship. Many scholars I have tested this theory and have found it to be true. In order to test the findings of previous scholars and to prove that this theory exists, the paper provided a set by set practical analysis. This was done by the systematic framing of traditional methodology of Econometrics to evaluate the concept of the Phillip’s Curve. The eight (8) steps of : 1. Statement of theory or hypothesis, 2. Specification of the mathematical model of the theory, 3. Specification of the statistical, or econometric, model, 4. Obtaining the data, 5. Estimation of the parameters of the econometric model, 6. Hypothesis Testing , 7. Forecasting or prediction and 8. Using the model for control or policy purposes helped in concluding that the existence of the Phillips’ Curve.

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References

Al-zeaud, H., & Al-hosban, S. (2015). Does the Phillip Curve Really Exist? An Empircal Evidence from Jordan. European Scientific Journal , 1857- 7431.
Gujarati. (2004). Basic Economics . n/a: The McGraw-Hill Companies .
Nicholson, D., Krueger, R., Lewis, D., & Roger, M. (2019, July 2). Canada . Retrieved from Encycopaedia Britannica : https://www.britannica.com/place/Canada
Published
2021-03-01
How to Cite
Wilson, J. (2021). Does the Phillip Curve Exist? An Econometrics Analysis Report . IJRDO- Journal of Educational Research, 6(2), 01-06. https://doi.org/10.53555/er.v6i2.4150
Issue
Vol. 6 No. 2 (2021): IJRDO - Journal of Educational Research (ISSN: 2456-2947)
Section
Articles

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