The world has progressively become a global village and most economic activities in today's world embrace digitisation. Digitisation is gradually being appreciated in West Africa but its impact on youth unemployment is relatively unknown. Thus, this study aims at filling this research gap by measuring digitisation in two perspectives; internet penetration rate and mobile telephone subscription. The Im-Pesaran-Shin (IPS) unit-root test affirms that the data are suitable for panel ARDL estimation technique. The estimation establishes that youth unemployment, digitisation and the control variables are cointegrated. This study also reveals that digitisation could reduce youth unemployment in West Africa, both at the short-and long-run but not convincing due to low appreciation of digital technologies. In the short-run, the result is consistent in some countries but not same and robust in some others. Thus, the paper concludes that increasing digitisation would enhance employment opportunities for the youths in the West African region.
This study empirically investigates (for the period of 1983-2017) the relationships between the parameters (labour wage (LW), labour productivity (LP) and unemployment (UNM) rate) of the construction sector in New Zealand. This study employs the Johansen co-integration test to determine if the relationship in the long run does exist among the investigated variables as well as to assess the relationships. The results show that the LW has a positive effect on the LP, while the UNM affects negatively, which indicates that the higher salary, the more productive labour. In other words, increase in salary stimulates the belief of the workforce that they are substantially paid for their work, which ultimately increases their trust and loyalty to the employer; hence, productivity. Moreover, the results show adverse effect of UNM on LP, which indicates that labours may also lose his/her productivity due to fear of losing his/her job. The model stability is verified by Histogram Normality Test, Breusch-Godfrey Serial Correlation, Heteroscedasticity Breusch-Pagan-Godfrey tests. Thus, the forefront of the construction sector is recommended to consider the empirical relationships determined in this study in order to improve the productivity level at various levels.
The empirical relationships between labour wages, unemployment rate and the labour productivity index in New Zealand's construction sector (for the period of 1983-2017) were investigated. The Johansen cointegration test and vector error correction mechanism were used to determine the existence of long-run relationships between the variables and the adjustment process of the short-run disequilibrium into the long-run equilibrium. The results show that the labour productivity index positively affects the labour wage, while the effect of unemployment rate is negative in the long run. That is, the more productive the labour, the more the wages earned. Related statistical tests on the residuals proved that the model and its findings are reliable.
Traditionally, FDI is designed to improve the recipient economies thereby enhancing economic growth and development, it is in this view that many developing countries attract foreign investors with the hope of strengthening their economy by increasing the foreign investment portfolio. However, most empirical analysis of the impact of FDI on economic growth advises otherwise, hence, a controversy. According to the existing literature, some empirical results found a negative relationship between FDI and economic growth, while others opined that as FDI increases, it results in a boost of output productivity, hence a positive relationship between the variables (Emmanuel, 2016). Therefore, this study contributes to the existing literature by investigating the effects of FDI both on the owner, and the host country, using Nigeria as a case study.
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