Inflation and Unemployment in the Republic of Congo: An ARDL Analysis

Abstract

This research examines the relationship between inflation and unemployment in the Republic of the Congo over the period 1990–2022. While the traditional Phillips curve suggests an inverse relationship between inflation and unemployment, empirical evidence from developing economies often challenges this assumption. Using the Autoregressive Distributed Lag (ARDL) model, this study investigates both short-run and long-run dynamics between inflation and unemployment, incorporating key macroeconomic control variables including exports, imports, gross fixed capital formation, population growth, and GDP per capita growth.