O'Nwachukwu, Chinedu Increase (2016): Determinants of the Rate of Unemployment in Nigeria. Published in: International Journal of Information Research and Review , Vol. 4, No. 1 (31 January 2017): pp. 3593-3595.
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Abstract
This study examines the determinants of the rate of unemployment in Nigeria from 1980 to 2016. The model of this study is made up of one dependent variable (Unemployment rate) and five explanatory variables (Government Expenditure, Inflation Rate, First Lag of Unemployment, Population and Real Gross Domestic Product). The study employed the Ordinary Least Squares (OLS) method to estimate the model after using the Augmented Dickey-Fuller to test for unit root. The result shows that Government Expenditure, Inflation Rate and Population are statistically significant in explaining changes in unemployment in Nigeria for the period under review. However, first lag of unemployment and Real Gross Domestic Product are found not to be statistically significant in explaining unemployment in Nigeria. The study recommends allocating higher amount of money to capital expenditure in the budget, and monitoring awarded projects to see that they are completed. The study also recommends that technologies which require human labour to operate be introduced.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | Determinants of the Rate of Unemployment in Nigeria |
| English Title: | Determinants of the Rate of Unemployment in Nigeria |
| Language: | English |
| Keywords: | Unemployment; Inflation; Real Gross Domestic Product; Government Expenditure |
| Subjects: | J - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity |
| Item ID: | 81125 |
| Depositing User: | Mr. Chinedu Increase Onwachukwu |
| Date Deposited: | 07 Sep 2017 01:16 |
| Last Modified: | 26 Sep 2019 10:40 |
| References: | Alanana, O. O.2003. Youth unemployment in Nigeria: some implications for the third Millennium. Global Journal of Social Sciences, 2 (1): 21-26 Auerbach, A. J. and Y. Y. Gorodnichenko 2012a. Fiscal multipliers in recession and expansion. In Fiscal Policy after the Financial Crisis., Chapter 2. The University of Chicago Press. Bakare, A.S. 2011. “The determinants of urban unemployment crisis in Nigeria: An Econometric Analysis”, Journal of Emerging Trends in Economics and Management Sciences (JETEM S), Vol. 2, No. 3, 184 -192 Echebiri, R.N. 2005. “Characteristics and determinants of urban youth unemployment in Umuahia, Nigeria: Implications for rural development and alternative labor market variables”, A Paper presented at the ISSER/Cornell/World Bank conference on “Shared Growth in Africa” held in Accra, Ghana, July 21-22 Eita, J. H. and Ashipala, J. M. 2010. Determinants of unemployment in Namibia. International Journal of Business and Management, 5(10), 92–104. Maqbool B. N., Muhammad S. M., Tahir M. A. 2013. “Determinants of unemployment, Empirical evidences from Pakistan”, Pakistan Economic and Social Review, Vol. 51, No.2, 191-207. Nickell, S. 1979. “Estimating the probability of leaving unemployment”, Econometrica, No. 47, 1249-1266. Nwosa P.I. 2014. “Government Expenditure, Unemployment and Poverty Rates in Nigeria”, JORIND, Vol. 12 , No. 1. Oniore, Johathan; Bernard, Anthony; Gyang, Emily. 2015. “Macroeconomic Determinants of Unemployment in Nigeria”. International Journal of Economics, Commerce and Management, C.3, S.10, s.215-230. Onwioduokit, E.A. 2006. Character of Unemployment in Nigeria and its Links with the Macroeconomy. West African Monetary Institute, Accra Ghana. The Nigerian Economic Society, selected papers for annual conference. Subhan, Q.A., & Hayat, M.A. 2008. Impact of Price instability on Unemployment and Economic Growth in Pakistan; An Econometric Approach. 8th International Conference 1-3 November 2010. Kuala Lumpur, Malaysia. www.umconference.um.edu.my |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/81125 |
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