Employment And Economic Growth In Nigeria

ProjectStoc - 73 pages 14560 words 541 views Project Diploma/Degree/Masters Level Economics ₦4000 Naira ($10.53 USD)

This is a Premium work, paid access only

Register/Login to Access Full Work

ABSTRACT
Amid the rising growth rate and increase in output, unemployment has been pervasive in the Nigerian economy. Extant literature and studies have identified the possibilities of having jobless growth in an economy. There is evidence of this in Sweden, Vietnam and Cote d’Ivoire. The purpose of the study is to ascertain the occurrence of this phenomenon in the Nigerian economy. Specifically, we set out to investigate those factors determining the level of employment and employment growth in Nigeria with a view towards estimating the employment elasticity of economic growth for the period 1981-2006. A simple model of employment and employment growth was formulated and estimated using the Ordinary Least Squares technique, before and after correcting for stationarity of the time series data using the Hodrick-Prescott filter. The data for the study was basically from secondary sources. Using the EViews Quantitative Software package for the descriptive and econometric analysis, we found that a positive and significant relationship existed between employment and economic growth as well as public expenditure. On the other hand a negative and significant relationship was observed between employment growth rate and growth rate of GDP in the economy. We advocate for increased labourpromoting foreign direct investment and an employment-focused public expenditure programme

TABLE OF CONTENT
Title Page..........................................................................................................................................i
Certification ....................................................................................................................................ii
Dedication ......................................................................................................................................iii
Acknowledgements.........................................................................................................................iv
Abstract ...........................................................................................................................................v
Table of Contents ...........................................................................................................................vi
List of Tables .................................................................................................................................ix
List of Figures ................................................................................................................................x


CHAPTER ONE INTRODUCTION
1.1 Background to the Study......................................................................................................1
1.2 Statement of the Research Problem...................................................................................10
1.3 Objectives of the Study......................................................................................................13
1.4 Research Questions............................................................................................................13
1.5 Research Hypothesis..........................................................................................................14
1.6 Significance of the Study...................................................................................................14
1.7 Scope of the Study.............................................................................................................15
1.8 Methodology of the Study.................................................................................................15
1.9 Structure of the Study........................................................................................................16


CHAPTER TWO LITERATURE REVIEW
2.1 Introduction ....................................................................................................................17
2.2 Theories of Employment....................................................................................................17
2.3 Employment and Unemployment Trend in Nigeria 1970-2006........................................26
2.4 Employment Generation and Economic Growth ...........................................................36


CHAPTER THREE THEORETICAL FRAMEWORK AND RESEARCH METHODOLOGY
3.1 Introduction .......................................................................................................................45
3.2 Model Specification ..........................................................................................................47
3.3 Sources of Data..................................................................................................................50
3.4 Estimation Technique........................................................................................................50
3.5 Apriori Expectation of Variables ...............................................................................52


CHAPTER FOUR DATA PRESENTATION AND EMPIRICAL RESULTS
4.1 Introduction........................................................................................................................53
4.2 Descriptive Statistics..........................................................................................................53
4.3 Model Regression Estimation............................................................................................55
4.4 Test of Hypothesis and Discussion of results....................................................................56


CHAPTER FIVE: SUMMARY, RECOMMENDATION AND CONCLUSION
5.1 Summary ...........................................................................................................................61
5.2 Recommendations..............................................................................................................62
5.3 Conclusion ........................................................................................................................65
References .....................................................................................................................................67
Appendices......... ...........................................................................................................................73
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes

CITE THIS WORK

(2016, 08). Employment And Economic Growth In Nigeria.. ProjectStoc.com. Retrieved 08, 2016, from https://projectstoc.com/read/7893/employment-and-economic-growth-in-nigeria-239
"Employment And Economic Growth In Nigeria." ProjectStoc.com. 08 2016. 2016. 08 2016 <https://projectstoc.com/read/7893/employment-and-economic-growth-in-nigeria-239>.
"Employment And Economic Growth In Nigeria.." ProjectStoc.com. ProjectStoc.com, 08 2016. Web. 08 2016. <https://projectstoc.com/read/7893/employment-and-economic-growth-in-nigeria-239>.
"Employment And Economic Growth In Nigeria.." ProjectStoc.com. 08, 2016. Accessed 08, 2016. https://projectstoc.com/read/7893/employment-and-economic-growth-in-nigeria-239.