Does Unemployment Significantly Impact on Economic Growth in Nigeria?

Onwachukwu Chinedu Increase

Does Unemployment Significantly Impact on Economic Growth in Nigeria?

Onwachukwu Chinedu Increase * §

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Nnamdi Azikiwe University, Awka

Does Unemployment Significantly Impact on Economic Growth in Nigeria?

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Abstract

This study examines the impact of unemployment on the economic growth of Nigeria from 1985 to 2010. The Ordinary Least Squares (OLS) and Augmented Dickey-Fuller methods are used to estimate the model of one dependent variable (Real GDP growth rate) and two explanatory variables (inflation and unemployment). It was found that unemployment does not have a significant impact on the economic growth of Nigeria. Inflation, however, was found to significantly impact on the economic growth of Nigeria. Recommendations are also made to help accelerate the rate of growth.

References

6 Cites in Article

Reference Format

T Bello (2003). Attacking unemployment hurdles in the fragile economies of the Sub-Saharan Africa: the experience of Nigeria.
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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Onwachukwu Chinedu Increase. 2015. "Does Unemployment Significantly Impact on Economic Growth in Nigeria?". Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 15 (GJHSS Volume 15 Issue E8).

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GJHSS Volume 15 Issue E8

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords

Not Found

Classification

GJHSS-E Classification FOR Code: 910103

Submission ReceivedFebruary 12, 2015
Peer Review Double Blind
Handling Editor
Accepted March 2, 2015
Published March 15, 2015

Version of record

v1.2

Issue date

October 31, 2015

Language

English

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Article Matrices

Total Score: 101

Country: Nigeria

Subject: Global Journal of Human-Social Science

Authors: Onwachukwu Chinedu Increase (PhD/Dr. count: 0)

View Count (all-time): 357

Total Views (Real + Logic): 1838

Total Downloads (simulated): 106

Publish Date: 2015 03, Sun

Monthly Totals (Real + Logic):

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Total Views: 1.8K

Total Downloads: 106

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