International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss


Employment and Economic Growth Nexus in Nigeria
SODIPE, Oluyomi Ayoyinka, OGUNRINOLA, Oluranti Isaiah

This paper examines the employment and economic growth relationships in the Nigerian economy. A simple model of employment was formulated and estimated using the Ordinary Least Squares technique before and after the time series data used for the study were corrected for non-stationarity using Hodrick-Prescott filter. The result of our econometric analysis shows that a positive and statistically significant relationship exists between employment level and economic growth in Nigeria while a negative relationship was observed between employment growth rate and the GDP growth rate in the economy. We concluded the paper by advocating for increased labour-promoting investment strategies that will help to reduce the high current open unemployment in Nigeria.

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