Government Labour Policy,graduate Unemployment And Labour Productivity In Nigeria

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ABSTRACT 
The study evaluates government labour/employment policy, graduate unemployment and labour productivity in Nigeria. It spanned the period between 1987 and 2013.  The model was built on the combination of Keynesian framework and modern labour market theory and the various channels through which labour policy can impact on graduate unemployment and labour productivity in Nigeria. The study employed Ordinary least square method of estimation, co-integration and error correction techniques in estimating the model. Data were sourced from Central Bank of Nigeria annual statistical bulletin/reports (various years) and National Bureau of statistics annual statistical reports. The econometric software used for the study was E-views. The result from trend analysis showed that labour productivity proxied by growth in Gross Domestic Product (GDP) maintained steady and near horizontal movement while graduate unemployment has been on the increase over the years. Co-integration result showed that there exists a long-run linear relationship among the variables used for the study, hence adopting an error correction model. The result clearly indicated that government employment policy proxied in this study by the total number of graduates that have benefited (TNA) from National Directorate of Employment (NDE) since its inception in 1986 have positive and significant influence on labour productivity and negative significant influence on graduate unemployment. The study also found insignificant relationships between graduate unemployment, gross secondary school enrollment and total factor productivity in Nigeria. The study went further to establish unidirectional causal link between government labour policy, graduate unemployment and labour productivity in Nigeria. The study recommends that holistic programme should be established to arrest high trending unemployment in Nigeria. The programme should capture those who are heavily underutilized and grossly underpaid, in order to have a fair representation of the unemployment situation in the country. Government spending pattern should be checked, since the rising government total spending has not translated to increase in labour productivity

TABLE OF CONTENTS 
        
Title Page    
Certification Page 
Approval Page      
Dedication    
Acknowledgement      
Abstract                                                                                          
Table of Contents    
List of Tables   
List of Figures  

CHAPTER ONE: INTRODUCTION
1.1 Background to the Study ... .. 1
1.2 Statement of the Problem ... .. . 3
1.3 Objectives of the Study ... .. .. 5
1.4 Research Hypotheses 5 .
1.5 Policy Relevance of the study ... .. 6
1.6 Scope of the Study ... .. .. 6

CHAPTER TWO: LITERATURE REVIEW
2.1 Conceptual frame work ... . . 8
2.2 Theoretical Literature ... .. .. 10 
2.3 Empirical Literature ... .. .. 17
2.4 Literature Gap and Value Addition ... . . 22

CHAPTER THREE: METHODOLOGY
3.1 Theoretical Frame work ... .. .. 24
3.2 The Model 26
3.3 Model Specification 27
3.4 Estimation Procedure 30

CHAPTER FOUR: PRESENTATION OF RESULTS
4.1 Analysis of the Data Generating Process .. .. .. 34
4.1.1 Trend Analysis of the Core Variables .. .. 34
4.1.2 Unit Root and Co-integration Analyses .. .. 35
4.2 Presentation and Analysis of ECM Models .. .. 38
4.2.1 Endogeneity Test .. .. .. 38
4.2.2 Test for Validity of Instruments 40
4.2.3 The ECM Result for the Models 41
4.2.4 Total Factor Productivity Result 44
4.2.5 Granger Causality Result 46
4.3 Evaluation of Research Hypotheses 47

CHAPTER FIVE: SUMMARY AND CONCLUSION
5.1 Summary of Research Findings 48
5.2 Policy Recommendations ... .. .. 49
5.3 Conclusion ... .. .. 50 
5.4 Limitations of the Study ... .. .. 51
 References ... .. .. 52
 Appendix 57 
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(2016, 08). Government Labour Policy,graduate Unemployment And Labour Productivity In Nigeria.. ProjectStoc.com. Retrieved 08, 2016, from https://projectstoc.com/read/7894/government-labour-policy-graduate-unemployment-and-labour-productivity-in-nigeria-5438
"Government Labour Policy,graduate Unemployment And Labour Productivity In Nigeria." ProjectStoc.com. 08 2016. 2016. 08 2016 <https://projectstoc.com/read/7894/government-labour-policy-graduate-unemployment-and-labour-productivity-in-nigeria-5438>.
"Government Labour Policy,graduate Unemployment And Labour Productivity In Nigeria.." ProjectStoc.com. ProjectStoc.com, 08 2016. Web. 08 2016. <https://projectstoc.com/read/7894/government-labour-policy-graduate-unemployment-and-labour-productivity-in-nigeria-5438>.
"Government Labour Policy,graduate Unemployment And Labour Productivity In Nigeria.." ProjectStoc.com. 08, 2016. Accessed 08, 2016. https://projectstoc.com/read/7894/government-labour-policy-graduate-unemployment-and-labour-productivity-in-nigeria-5438.