Labour Force Participation and Inclusive Growth in Nigeria-An Empirical Assessment of the Youth’s Contribution

Olaniran-Akinyele, Olabisi Fatimah and Bada, Oladejo Tokunbo (2020) Labour Force Participation and Inclusive Growth in Nigeria-An Empirical Assessment of the Youth’s Contribution. Journal of Management and Technology (JORMATECH), 6 (1). pp. 57-66. ISSN 117-1847

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Abstract

In this study, the effect of the youth’s participation in the labour force on inclusive growth in Nigeria was examined characterizing the youths as individuals from ages of 15 to 24 in the country. Annual data on female labour force participation rate, male labour force participation rate and total labour force participation rate between the ages of 15 to 24 were sourced from the World Development Indicators/ International Labour Organisation (ILO) modelled estimates for the country from 1990 to 2019. Per capita real gross domestic product (RGDPP) was employed as proxy for inclusive growth. The existence of cointegration was established between RGDPP and the control variables and the autoregressive distributed lag (ARDL) model was estimated. The speed of adjustment to steady state equilibrium was also determined from the error correction model. The results reveal that in the short-term, there exists a positive causal effect from female labour force participation rate to per capita real gross domestic product as well as from male labour force participation rate to per capita real gross domestic product. On the other hand, there exists a negative causal effect from total labour force participation rate to per capita real gross domestic product within the same period. The long-term dynamics on the other hand, reflects an opposing result. The findings led to the conclusion that labour force participation rates should be stimulated through the adoption of short-term and long-term policies to ensure the realization of positive, inclusive and sustainable growth in the country.

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General)
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Unnamed user with email [email protected]
Date Deposited:	03 Jun 2021 09:17
Last Modified:	03 Jun 2021 09:17
URI:	http://eprints.federalpolyilaro.edu.ng/id/eprint/1468

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