THE EFFECT OF UNEMPLOYMENT ON ECONOMIC GROWTH IN NIGERIA (1980-2010)

ABSTRACT

The study was designed to investigate the effect of unemployment on economics growth in Nigeria for a period of 31 years (1980-2010). It focus is to determine the relationship between unemployment and economic growth in Nigeria (GDP).The finding was that unemployment has a positive but insignificant impact on the gross domestic product (GDP) of the Nigeria economy, Despite the fact that the effect of unemployment on economic growth is not significant, its positive coefficient suggest that unemployment rate is also increasing over time, so the study recommends policies reverse this trend. The study included that government should formulate policies that will help in proper check of annual unemployment rate, and its outcome on the effort to reduce it, in order to know how to battle it, the coming year.

CHAPTER ONE

1.0       INTRODUCTION

1.1        BACKGROUND OF THE STUDY

In the developing economies, unemployment has been and still is the countries number one economic problem. This problem has posed a great challenge to many countries [both developed and developing].it has been categorized as one of the serious delay to social progress. Apart from representing a big waste of a countries man power resources it generates welfare losses in terms of low output thereby leading to lower income and economic wellbeing.

Unemployment can either be voluntary or involuntary voluntary in the sense that one chooses not to work because he or she has means of support other then employment. On the other hand involuntary unemployment exists when persons who are eligible and willing to work at the prevailing rate of pay are unable to find work or employment [anyanwa 1995].....

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Item Type: Project Material  |  Attribute: 54 pages  |  Chapters: 1-5

Format: MS Word  |  Price: N3,000  |  Delivery: Within 30Mins.

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