Faculty of Arts and Social Sciences
Permanent URI for this communityhttps://repository.nileuniversity.edu.ng/handle/123456789/17
Browse
2 results
Search Results
Item Labour Force Participation and Economic Growth in Nigeria(Scientific Press International Limited, 2020-02-02) Muhammad M. Yakubu; Benedict Akanegbu N; Jelilov GThis paper has examined empirically the effect of labour force participation on economic growth in Nigeria. Time series data for both the dependent and independent variables were sourced from World Bank Development Indicators 2018 database for the period 1990-2017. Johannsen’s Cointegration, and Vector Error Correction model (VECM) econometric tools were used. Finding shows that the variables have long-run relationship and also long-run causality was found running from LFPR and GFCF to RGDP. The study recommends that it is necessary for policy makers to address the problems of unemployment and gender inequality in employment.Item Oil price volatility and economic growth in Nigeria(Scientific Press International Limited, 2019-02-02) Muhammad M. Yakubu; Benedict Akanegbu NOne of the main causes of economic crisis in the world is Oil Price Volatility (OPV). This makes it necessary to examine the effect of oil price volatility on economic growth in an oil exporting country like Nigeria and this has a special significance. Therefore, this paper has examined empirically the effect of oil price volatility on economic growth in Nigeria using annual time series data from 1985 – 2016. The findings revealed that OPV has a negative and insignificant effect on economic growth in Nigeria. It was also found that the variables used in the study have a long-run relationship and finally no evidence of causality was found between oil price volatility and economic growth in Nigeria. The study recommends that exploring other alternatives has the potential to make the Nigerian economy stronger to face volatility crisis.