IJIE
Vol. 6 No. 5 (2023): International Journal on Integrated Education (IJIE)

Analyzing the Effect of Unemployment and Growth Nexus in Nigeria

Dr. HUSSAIN A. Abubakar (Unknown)
Niyi Jacob Ogunode (Unknown)



Article Info

Publish Date
10 May 2023

Abstract

This study analyzed the effect of unemployment nexus on economic growth in Nigeria. The study used time series data front between 1981—2017.UH Real Gross Domestic Product (GDP) is proxy for growth with inflation and savings deposit as the independent variables. The researcher used an error correction model (ECM) estimation technique in. analyzing data that were sourced from National Bureau of Statistics and Central Bank of Nigeria statistical bulletin. Stationarity test, cointegration test and error correction mechanism were carried .out to avoid possible spurious regression, the rese/archer found inverse and insignificant relationship between Unemployment and Real. Gross Domestic Product (RGDP). Furthermore, positive and insignificant relationship was established between Savings Deposits and Real Gross Domestic Product (RGDP). Inflation has negative but insignificant, relationship with RGDP. The study recommended that government should profile the unemployed youths into skilled and unskilled labour and target its poverty reduction job policies toward reducing the employment rate for economic prosperity.

Copyrights © 2023






Journal Info

Abbrev

IJIE

Publisher

Subject

Education

Description

International Journal on Integrated Education (IJIE) 2620-3502 is a peer-reviewed, open-access scholarly journal, publishing high-quality manuscripts in multidisciplinary research areas. IJIE accepts papers in the forms of original research articles, review articles, book reviews, case reports, and ...