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2019 | nr 35 | 5--17
Tytuł artykułu

Unemployment, Poverty and Economic Growth in Nigeria

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Aim/purpose - This study investigates the links between unemployment, poverty and economic growth in Nigeria between the periods, 1985-2015. Design/methodology/approach - The paper employed the Augment Dickey Fuller test for unit root test, Johansen cointegration for cointegration, Ganger causality for causality test and Error Correction Model to establish the short-run links between the variables. Findings - The unit root test result revealed that the variables trend with time indicating their failure of integration at level. However, they were found to be stationary at first difference. The causality result revealed that there is no causal relationship between unemployment, poverty and growth in Nigeria. Similarly, the cointegration results showed that there is no long-run relationship between unemployment, poverty and economic growth in Nigeria. The short-run parameter estimates indicated that unemployment has a negative and significant relationship with growth. However, the coefficient of the interaction between unemployment and poverty is positive and significant at the conventional level.Research implication/limitations - This study suggest that the output growth in the country will occur even if there are poor people as defined in absolute terms. The economy will still expand even if the number of poor people increases. This is also the case in the short run, revealing that the economy has grown even though over the years, the numbers of poor people have increased. Thus, there is a need for stable macroeconomic policies that would ensure equal distribution of income so that the poor also benefits from the country's growth. Originality/value/contribution - This study empirically examines the contribution of output growth towards employment generation and poverty reduction using data sets from the Central Bank of Nigeria, National Bureau of Statistics and World Bank.(original abstract)
Słowa kluczowe
Rocznik
Numer
Strony
5--17
Opis fizyczny
Twórcy
  • Olabisi Onabanjo University Ago-Iwoye, Ogun, Nigeria
  • Olabisi Onabanjo University Ago-Iwoye, Ogun, Nigeria
  • Olabisi Onabanjo University Ago-Iwoye, Ogun, Nigeria
  • Olabisi Onabanjo University Ago-Iwoye, Ogun, Nigeria
Bibliografia
  • Aigbokhan, B. E. (2000). Poverty, growth and inequality in Nigeria: A case study. Retrieved from https://opendocs.ids.ac.uk/opendocs/bitstream/handle/123456789/ 2262/RP%20102.pdf?sequence=1
  • Aiyedogbon, J. O., & Ohwofasa, B. O. (2012). Poverty and youth unemployment in Nigeria, 1987-2011. International Journal of Business and Social Science, 3(20), 269-279.
  • Ajekomobi, J. O., & Ayanwale, A. B. (2005). Evaluate of past policy: Measure for solving unemployment problems in Nigeria. Lagos: Jeen Publishing Company.
  • Akeju, K., & Olanipekun, D. (2014). Unemployment and economic growth in Nigeria. Journal of Economics and Sustainable Development, 5(4), 138-144.
  • Alimi, O. Y., Yinusa, O. G., Akintoye, I. R., & Aworinde, O. B. (2015). Macroeconomic effects of fiscal policy changes in Nigeria. Journal of Accounting and Management, 5(3), 85-94.
  • Bardhan, P. K. (1973). On the incidence of poverty in rural India of the sixties. Economic and Political Weekly, 8(4/5), 245-254.
  • Bello, D. (2003). Meeting the challenge of risking unemployment in employment, policy & strategy formulation mission to Nigeria. Report submitted by the ILO. 21st Oct- 22nd November, Genève: International Labour Organization.
  • Central Bank of Nigeria. (2017). Central Bank of Nigeria Statistical Bulletin. Retrieved from https://www.cbn.gov.ng/documents/Statbulletin.asp
  • Downes, W. (1998). Language and society. Cambridge: Cambridge University Press.
  • Griffin, K., & Ghose, A. K. (1979). Growth and impoverishment in the rural areas of Asia. World Development, 7(4-5), 361-383. doi: 10.1016/0305-750X(79)90015-9
  • Johansen, S., & Juselius, K. (1990). Maximum likelihood estimation and inference on cointegration - with applications to the demand for money. Oxford Bulletin of Economics and Statistics, 52(2), 169-210. doi: 10.1111/j.1468-0084.1990.mp52002 003.x
  • Kale, Y. (2012). Nigeria: The nation's paradox - poverty amidst plenty. Retrieved from https://allafrica.com/stories/201202220289.html
  • Lindbeck, G. A. (1999). Postcritical canonical interpretation: Three modes of retrieval. In C. Seitz & K. Greene-McCreight (Eds.), Theological exegesis: Essays in honor of Brevard S. Childs (pp. 26-51). Grand Rapids, MI: Eerdmans.
  • Maku, O. E., & Alimi, O. Y. (2018). Fiscal policy tools, employment generation and sustainable development in Nigeria. Acta Universitatis Danibius Economica, 14(3), 186-199.
  • National Bureau of Statistics. (2018). Annual report. Retrieved from https://nigeria nstat.gov.ng/page/data-analysis
  • Okoroafor, M., & Nwaeze, C. (2013). Poverty and economic growth in Nigeria 1990-2011. The Macrotheme Review, 2(6), 5I-63.
  • Olson, M. (1984). Beyond Keynesianism and monetarism. Economic Inquiry, 22(3), 297-322. doi: 10.1111/j.1465-7295.1984.tb00688.x
  • Simbowale, T. (2003). Urban poverty in Nigeria: A case study of Agege area of Lagos State, Nigeria. Ibadan: Department of Economics, Faculty of Social Sciences, University of Ibadan, Nigeria. Retrieved from http://www.gdnet.org/fulltext/osinubi.pdf
  • Tella, S. A., & Alimi, O. Y. (2016). Grassroots banking, microcredit and poverty in developing countries: The case of Nigeria. Paper presented at Conference "Confronting the Scourge of Poverty through Microfinance: Issues and Challenges", scheduled for the 17th-18th of August 2016 at LAPO Institute, Benin City, Nigeria. Retrieved from https://www.researchgate.net/publication/322699157_GRASSROOTS _BANKING_MICROCREDIT_AND_POVERTY_REDUCTION_IN_DEVELOPI NG_COUNTRIES_THE_CASE_OF_NIGERIA
  • United Nations. (1997). The report of the world summit for social development and programme of action. Copenhagen on 12th-16th March.
  • World Bank. (2017). World Development Indicators. Retrieved from https://data.world bank.org/country/nigeria
  • Wright, S., & Levin, B. (2000, January). Unspecified object contexts with activity and change of state verbs. Paper presented at the 74th Annual LSA Meeting, Chicago, IL.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171544737

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