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Is Economic Growth Working For Jobs An Investigation Of The Employment Generating Capacity Of The Nigerian Economy
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Book Synopsis Is Economic Growth Working for Jobs? An Investigation of the Employment Generating Capacity of the Nigerian Economy by : Olumuyiwa Olamade
Download or read book Is Economic Growth Working for Jobs? An Investigation of the Employment Generating Capacity of the Nigerian Economy written by Olumuyiwa Olamade and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nigeria has been best with the incidence of concurrent unemployment and a good run of economic growth thus calling to question the efficacy of economic growth to create jobs in the country. In this paper, we examine first whether there exists any relationship between economic growth and employment in the manner espoused by Okun's law and then interpret the coefficient of the relationship as indicative of the capacity of the economy to translate growth into employment. Due to the unreliability of unemployment data in many developing countries we use the growth rate of employment as the dependent variable and thus expect to find a positive relationship with economic growth. A second model was specified with the growth rate of employment-to-population ratio as the dependent variable. Data were extracted from World Development Indicators and Penn's World Table for 1961 to 2017. All the variables were level stationary from two different tests of their statistical properties. We thus estimate the Ordinary Least Squares for the short-run coefficients and explore the robustness of the ARDL to different orders of integration for the long-run form. Both establish the application of Okun's law to Nigeria with the employment elasticity of GDP growth too small to generate discernible growth in employment. We estimated an average GDP growth of 16.22% over the long-run for the economy to keep a steady growth in employment.
Book Synopsis Putting Nigeria to Work by : Volker Treichel
Download or read book Putting Nigeria to Work written by Volker Treichel and published by World Bank Publications. This book was released on 2010-06-17 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public debate in Nigeria on the country s progress since its return to democracy in 1999 has been dominated by two seemingly opposite themes. The first theme is the strong growth performance of the non-oil economy. This success has been marked by sharp increases in agriculture, trade, and construction and by the emergence of new industries in the financial, telecommunications, and entertainment sectors, supported by sound macroeconomic policies and structural reforms. The second, opposing theme is the seeming failure of Nigeria s much improved economic performance to reduce unemployment, especially among the young. Rising levels of unemployment have increased militancy among the young and impacted negatively on public order. 'Putting Nigeria to Work: A Strategy for Employment and Growth' looks at the ways in which Nigeria s improved economic performance has impacted the labor market. A number of relevant factors are carefully examined and analyzed, including industrial policy and the investment environment, the effects of restrictive trade policies on growth, and the ability of the technical and vocational education system to address the country s skills gap. The book proposes a strategy that will allow Nigeria to increase the availability of quality jobs, reduce rising youth unemployment, and sustain and further accelerate the country s economic performance and growth. At the core of this strategy are targeted interventions aimed at removing binding constraints to growth in sectors of the economy that are already growing fast, but have the potential to grow faster and have significant employment-creating potential.
Book Synopsis Entrepreneurship and Job Creation. A Panacea for Socioeconomic Development of Nigeria by : Christopher Ohanyere
Download or read book Entrepreneurship and Job Creation. A Panacea for Socioeconomic Development of Nigeria written by Christopher Ohanyere and published by GRIN Verlag. This book was released on 2024-01-29 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2022 in the subject Economics - Job market economics, grade: A, University of Calabar (Faculty of Arts & Social Science Education), course: The Structure and Organization of Social Studies and New Education Initiatives, language: English, abstract: This paper explores the effectiveness of entrepreneurship in job creation, hence, underlining the importance of the MSMEs sub-sector in the socioeconomic development of the Nigerian economy. Nowadays, the burden of job creation is not solely placed on the shoulders of the government alone but, has become a joint-venture effort between the public and private sectors. On this premise, the paper seeks an enduring answer to this prevalent phenomenon in entrepreneurship development. So, the paper is divided into subheadings, covering the introduction, conceptual explications, theoretical discourse on MSMEs as the driving force of socioeconomic development, and the role of entrepreneurship in the socioeconomic development of Nigeria. The paper concludes by noting that, the transformation of Nigeria's education system into entrepreneurial-based is a way of empowering the young generations with practical skills that could help them become self-reliant (self-employed), thus reducing the increasing social vices and consequences of unemployment. Among others, it was recommended to incorporate entrepreneurship in our school curriculum where vocational subjects would become compulsory right from Upper Basic Education level through tertiary education level to train, prepare, and develop the economic mindset of the younger generations and decrease the high level of unemployment.
Book Synopsis Balance of Payments Constrained Economic Growth in Nigeria by : Emmanuel Igbinoba
Download or read book Balance of Payments Constrained Economic Growth in Nigeria written by Emmanuel Igbinoba and published by GRIN Verlag. This book was released on 2015-06-03 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2014 in the subject Business economics - General, language: English, abstract: This paper assesses the Thirwall's balance of payment(BOP) constrained model by applying it on the Nigerian economy and employing cointegration method to observe the relationship between economic growth and current account balance equilibrium. While extensive research study on economic growth concentrate on the neoclassical supply-oriented approach based on the production function and full employment, Harrod(1939) emphasized that demand generated growth determine long run economic growth and Thirwall developed a Keynesian perspective of the determinants of growth embedded on a dynamic version of the Harrod's foreign trade multiplier. Thirwall pinpoints the incapability of economic agents to increase aggregate demand indefinitely in open economies as justification for income growth differences across nations. The balance of payment constrained growth model states that a country's economic growth rate is constrained by the desire to generate foreign exchange and reiterate the function of demand as the motivation for domestic growth. This arises because growth in export and investment growth in import substitution are the only aspect of aggregate demand that can increase GDP growth and reduce foreign constraints. This implies that growth rate is constrained by the balance of payment as the economy cannot grow faster than what is consistent with the balance of payment equilibrium. The principle of this Keynesian demand side growth theory is that export capability and import attitude establish long run economic growth. Income derived from external trade constitute the principal medium to finance growing import due to a rise in domestic activities. This model differ from the supply induced growth models which evaluate economic growth by using factor inputs such as savings, human and physical capital, population growth and initial per capital GDP on economic growth. Reserva
Book Synopsis Solution to Mass Unemployment in Nigeria by : Ogbimi, F.E.
Download or read book Solution to Mass Unemployment in Nigeria written by Ogbimi, F.E. and published by Society for Linking Education and Problems. This book was released on 2015-03-02 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: Solution to Mass Unemployment is the first in the book series, Achieving Rapid Industrialisation and Democratisation in Nigeria. The book and series are products of research aimed at understanding the present global distribution of wealth and power and the human development process. This book has eleven main parts: Introduction; Why there is mass unemployment in Nigeria; Basis for industrialisation; The Wealth creating cycle; Fruits of industrialisation; Theory of learning, employment, automation, productivity and inflation; The nature of the skill acquisition process; Linking education and production; Mobilizing resources for industrialization; Lessons of history; and Concerted efforts needed.
Book Synopsis Smart Economics by : Oluyomi Ola-David
Download or read book Smart Economics written by Oluyomi Ola-David and published by . This book was released on 2014 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional wisdom has been that rapid economic growth would lead to job creation. However, despite laudable growth rates in past years, Nigeria has experienced a worsening in human development indicators including poverty, inequality and unemployment. Literature shows that economic policies do have an impact on employment, but evidently Nigeria's employment policies have not lent to fill the ever-increasing employment gap. Why has this been the case? Furthermore, why have women tended to fare worse than men on most employment indicators? This paper gives an exposition on Nigeria's jobless growth situation by looking at some economic policy choices that have been embarked on since independence and how they impacted on poverty and employment. It portrays this sequence of events, in addition to drawing attention to various other institutional factors, in order to produce a rich narrative of the labour market scenery in which Nigerian women have to “act”. It applies the concept of smart economics that recognizes that gender equality contributes to greater efficiency, productivity and inclusive growth. Finally, in addition to recommending that labour market policies should continually be aware of the importance of and strengthen the productive capacities of small and medium enterprises, and the informal economy which tend to be drivers of job creation in the economy and for women in particular, it proposes integrating a decent work agenda that promotes full and productive employment, rights at work, social protection and the promotion of social dialogue into future employment policies.
Book Synopsis Implication of Big-push theory on Nigerian economic development by : Erhunse Confidence
Download or read book Implication of Big-push theory on Nigerian economic development written by Erhunse Confidence and published by GRIN Verlag. This book was released on 2020-02-19 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2020 in the subject Economics - Economic Cycle and Growth, grade: 4, Chukwuemeka Odumegwu Ojukwu University (Social Sciences), language: English, abstract: This paper examined the implication of Big-Push theory on Nigerian economic development. The theory provided an explanation of how developing countries can industrialize through broad-based investment and coordination. The paper looked at the meaning of Big-Push theory, assumptions and its implication on Nigeria economic development. If the need for a Big Push to survive in an economy that is open to international trade and capital movements, or if openness to trade and capital movements is sufficient to overcome all poverty traps, these questions have daunted development economics since its inception. The theory of the big push asserts that underdeveloped countries require large amounts of investments to come out of the problem of backwardness and launch policies for economic development. The logic behind this theory is that a programme of “bit-by-bit” investment will not have much impact on the process of growth and will only lead to a dissipation of resources. Policies designed to encourage the development of the Nigerian economy will need to be guided by the big-push theory.
Book Synopsis Reprint Series by : Nigerian Institute of Social and Economic Research
Download or read book Reprint Series written by Nigerian Institute of Social and Economic Research and published by . This book was released on with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Study on Skills Development for the Informal Sector of the Nigerian Economy by : Nigerian Institute of Social and Economic Research
Download or read book Study on Skills Development for the Informal Sector of the Nigerian Economy written by Nigerian Institute of Social and Economic Research and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The problems of employment have become a central global concern in recent times. This makes nearly all the governments and development partners to be fully engaged in finding a lasting solution to the problems. In the past, development planning efforts were concentrated on the development of a modern industrial sector. It was believed that this would serve the domestic market and facilitate the absorption of redundant or surplus workers in the urban economy. It was also the belief that rapid economic growth and development would be achieved. The study is structured into five chapters. While chapter one looks at the background to the study, the terms of reference and the structure of the report, chapter two focuses on copious relevant literature on skills development bringing out the conceptual definitions, theoretical and empirical issues in the informal sector of the economy. Chapter three presents the methodology of how training providers as well as the beneficiaries of the programs were surveyed in the study. Chapter four gives the inventory of the programs for the informal sector skills development and a detailed analysis of five most important non- state-run programs in the country. Chapter five forms the conclusions and recommendations of the work.
Book Synopsis Employment Generation in Nigeria by : Nigerian Economic Society. Annual Conference
Download or read book Employment Generation in Nigeria written by Nigerian Economic Society. Annual Conference and published by . This book was released on 2007 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Growth, Employment Generation and Poverty Reduction in Nigeria by : Aderibigbe Stephen Olomola
Download or read book Economic Growth, Employment Generation and Poverty Reduction in Nigeria written by Aderibigbe Stephen Olomola and published by . This book was released on 2016 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship among economic growth, employment and poverty reduction is an organic one such that the evolution of economic growth is intimately tied to the evolution of employment generation and poverty reduction. Imbalances in macro-economic policies and poor implementation could result in unemployment thereby exacerbating inequality and poverty. The methodology of the study is basically a macro level analysis of how economic growth could contribute to poverty reduction through increases in employment in higher productivity sectors/occupations and a rise in wages. It employs intensity of growth as measured by the GDP elasticity of employment. The technique further involves a macroeconomic analysis of the linkage between the incidence of poverty and employment intensity of growth in Nigeria. The study found among other things that poverty has risen since the resumption of growth in Nigeria. Although there seems to be some decline in relative poverty in recent past, the actual number of people in poverty continues to rise considerably. Moreover, the analysis shows that inequality in income distribution is widening and varies between female- and male-headed households. The developments that are found to make a positive contribution to poverty reduction include structural transformation of employment towards manufacturing and other non-farm sectors, education, and lowering of the dependency burden (i.e., increase in labour force participation). Thus, efforts to reduce poverty will have to focus on the informal sector, acknowledging this sector as not a problem for development, but rather as a starting point for achieving development and poverty reduction.
Book Synopsis Patterns of Industrialization and Impact on Employment and Incomes in African Countries: The case of Nigeria by : Jobs and Skills Programme for Africa
Download or read book Patterns of Industrialization and Impact on Employment and Incomes in African Countries: The case of Nigeria written by Jobs and Skills Programme for Africa and published by . This book was released on 1983 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Improving Skills Development in the Informal Sector by : Arvil V. Adams
Download or read book Improving Skills Development in the Informal Sector written by Arvil V. Adams and published by World Bank Publications. This book was released on 2013-07-18 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses household surveys in five countries of Sub-Saharan Africa to describe employment off the farm in the region s growing informal sector and assesses how different forms of education and training, including apprenticeships, influence choices in employment and earnings.
Book Synopsis International Handbook of Education for the Changing World of Work by : Rupert Maclean
Download or read book International Handbook of Education for the Changing World of Work written by Rupert Maclean and published by Springer Science & Business Media. This book was released on 2009-06-29 with total page 3162 pages. Available in PDF, EPUB and Kindle. Book excerpt: This six-volume handbook covers the latest practice in technical and vocational education and training (TVET). It presents TVET models from all over the world, reflections on the best and most innovative practice, and dozens of telling case studies. The handbook presents the work of established as well as the most promising young researchers and features unrivalled coverage of developments in research, policy and practice in TVET.
Book Synopsis Structural Change, Growth and Inequality by : Isma'eel Ibrahim Na'iya
Download or read book Structural Change, Growth and Inequality written by Isma'eel Ibrahim Na'iya and published by . This book was released on 2012 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Telecommunication, Employment Rate and the Nigerian Economy by : Adekunle Wahab
Download or read book Telecommunication, Employment Rate and the Nigerian Economy written by Adekunle Wahab and published by LAP Lambert Academic Publishing. This book was released on 2012-04 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigated the impact the Global System for Mobile Telecommunication (GSM) has made on the provision of employment opportunities; income of the masses and transaction cost of various economic activities of the masses as it affect economic growth. Linear regression analytical techniques were used for data analysis. The study made use of secondary data obtained from researches and statistical analysis. The outcome of the empirical investigations shows that Global System for Mobile Communication has contributed positively to the economic situations of Nigeria and has served as source of income and employment to many Nigerian youths. The study found that Global System for Mobile Telecommunication (GSM) business had reduced production cost of doing business in terms of traveling and transaction cost.
Book Synopsis Employment Generation in the Informal Sector of Nigerian Economy by : W. O. Akerele
Download or read book Employment Generation in the Informal Sector of Nigerian Economy written by W. O. Akerele and published by . This book was released on 2008 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
