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An analysis of the effect of real gross domestic product on unemployment in Nigeria: (an ARDL- approach)

This study examined the effect of real Gross Domestic Product (GDP) on unemployment in Nigeria. Unemployment is a major problem in Nigeria, even with the recent growth rate of 7% the country is recording, unemployment is still on the increase. The study considers the period 1977 to 2011 to analyse t...

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Main Authors: Buba, Saad, Ishak, Suryati
Format: Article
Language:English
Published: International Institute for Science, Technology & Education 2014
Online Access:http://psasir.upm.edu.my/id/eprint/36385/1/An%20analysis%20of%20the%20effect%20of%20real%20gross%20domestic%20product%20on%20unemployment%20in%20Nigeria%20an%20ARDL-%20approach.pdf
http://psasir.upm.edu.my/id/eprint/36385/
https://www.iiste.org/Journals/index.php/JEDS/article/view/14559
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spelling my.upm.eprints.363852020-07-06T03:06:08Z http://psasir.upm.edu.my/id/eprint/36385/ An analysis of the effect of real gross domestic product on unemployment in Nigeria: (an ARDL- approach) Buba, Saad Ishak, Suryati This study examined the effect of real Gross Domestic Product (GDP) on unemployment in Nigeria. Unemployment is a major problem in Nigeria, even with the recent growth rate of 7% the country is recording, unemployment is still on the increase. The study considers the period 1977 to 2011 to analyse the long run and shot run relationship between real gross domestic product and unemployment in Nigeria, with unemployment as a dependent variable. Besides the main variables for this study, other control variables particularly inflation was included in the model. The study has used Autoregressive Distributed Lag (ARDL) Model to test for ARDL- bound co-integration test, the long run and the Error Correction Model (ECM). The co-integration bound test results showed that the variables are co-integrated at 5% level. The results revealed a positive relationship between unemployment and real GDP in Nigeria both in the short run and in the long run. The study concludes that real GDP growth causes unemployment in Nigeria and suggests that Nigeria as a country should reduce the over reliance on petroleum sector as a source of revenue and give more emphasis on other sectors, especially agricultural sector in order to provide more job opportunities to the Nigerian citizens. Also, the government should use the huge revenue it derives from the oil sector to develop other sectors like iron and steel sector, agriculture and so on. The government should also provide environment that will attract capital and investment, the government does not necessary create jobs but does aid the private sector in making job creation possible and imminent. International Institute for Science, Technology & Education 2014 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/36385/1/An%20analysis%20of%20the%20effect%20of%20real%20gross%20domestic%20product%20on%20unemployment%20in%20Nigeria%20an%20ARDL-%20approach.pdf Buba, Saad and Ishak, Suryati (2014) An analysis of the effect of real gross domestic product on unemployment in Nigeria: (an ARDL- approach). Journal of Economics and Sustainable Development, 5 (14). pp. 7-13. ISSN 2222-1700; ESSN: 2222-2855 https://www.iiste.org/Journals/index.php/JEDS/article/view/14559
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description This study examined the effect of real Gross Domestic Product (GDP) on unemployment in Nigeria. Unemployment is a major problem in Nigeria, even with the recent growth rate of 7% the country is recording, unemployment is still on the increase. The study considers the period 1977 to 2011 to analyse the long run and shot run relationship between real gross domestic product and unemployment in Nigeria, with unemployment as a dependent variable. Besides the main variables for this study, other control variables particularly inflation was included in the model. The study has used Autoregressive Distributed Lag (ARDL) Model to test for ARDL- bound co-integration test, the long run and the Error Correction Model (ECM). The co-integration bound test results showed that the variables are co-integrated at 5% level. The results revealed a positive relationship between unemployment and real GDP in Nigeria both in the short run and in the long run. The study concludes that real GDP growth causes unemployment in Nigeria and suggests that Nigeria as a country should reduce the over reliance on petroleum sector as a source of revenue and give more emphasis on other sectors, especially agricultural sector in order to provide more job opportunities to the Nigerian citizens. Also, the government should use the huge revenue it derives from the oil sector to develop other sectors like iron and steel sector, agriculture and so on. The government should also provide environment that will attract capital and investment, the government does not necessary create jobs but does aid the private sector in making job creation possible and imminent.
format Article
author Buba, Saad
Ishak, Suryati
spellingShingle Buba, Saad
Ishak, Suryati
An analysis of the effect of real gross domestic product on unemployment in Nigeria: (an ARDL- approach)
author_facet Buba, Saad
Ishak, Suryati
author_sort Buba, Saad
title An analysis of the effect of real gross domestic product on unemployment in Nigeria: (an ARDL- approach)
title_short An analysis of the effect of real gross domestic product on unemployment in Nigeria: (an ARDL- approach)
title_full An analysis of the effect of real gross domestic product on unemployment in Nigeria: (an ARDL- approach)
title_fullStr An analysis of the effect of real gross domestic product on unemployment in Nigeria: (an ARDL- approach)
title_full_unstemmed An analysis of the effect of real gross domestic product on unemployment in Nigeria: (an ARDL- approach)
title_sort analysis of the effect of real gross domestic product on unemployment in nigeria: (an ardl- approach)
publisher International Institute for Science, Technology & Education
publishDate 2014
url http://psasir.upm.edu.my/id/eprint/36385/1/An%20analysis%20of%20the%20effect%20of%20real%20gross%20domestic%20product%20on%20unemployment%20in%20Nigeria%20an%20ARDL-%20approach.pdf
http://psasir.upm.edu.my/id/eprint/36385/
https://www.iiste.org/Journals/index.php/JEDS/article/view/14559
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score 13.211869

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