Unemployment, poverty and economic growth in Nigeria

Adelowokan, Oluwaseyi Adedayo; Maku, Olukayode E.; Babasanya, Awoyemi Olayiwola; Adesoye, A. Bolaji

doi:10.22367/jem.2019.35.01

Cited by 26 publications

(29 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Furthermore, Adelowokan et al (2019) have also investigated the relationship between unemployment, economic growth and poverty. The study was conducted in Nigeria, using time series data over the period 1985-2015.…”

Section: Unemployment (Unem)mentioning

confidence: 99%

See 1 more Smart Citation

The Impact of Unemployment, Minimum Wage, and Real Gross Regional Domestic Product on Poverty Reduction in Provinces of Indonesia

Feriyanto

Aiyubbi

Nurdany

2020

Asian Economic and Financial Review

View full text Add to dashboard Cite

Poverty often impedes economic development in numerous countries, Indonesia included. Poverty, as a result of the failure of economic development, must continue to be suppressed and a solution sought, so that poverty no longer causes adverse effects for the country. The purpose of this study is to examine the impact of unemployment, minimum wage, and real gross regional domestic product (GRDP) on poverty reduction in the provinces of Indonesia. Using periodic data from the Central Bureau of Statistics (Badan Pusat Statistik-BPS) over the period 2010-2019, the fixed effect model of the panel data analysis is estimated. The result showed that unemployment and wage had a significant positive effect on poverty in provinces of Indonesia. Meanwhile, the real GRDP had a significant negative effect on poverty in Indonesia. Thus, government policy must focus on reducing unemployment, maintaining price stability to preserve wage levels and purchasing power, and increasing the real GRDP to reduce poverty in Indonesia. Contribution/Originality: This study contributes to the existing literature in the field of human resource economics, particularly on the issue of poverty reduction. This study is one of the few studies that uses panel data and estimation using the fixed effect model on provinces in a country experiencing issues relating to poverty.

show abstract

Section: Unemployment (Unem)mentioning

confidence: 99%

“…and Adelowokan, Maku, Babasanya, and Adesoye (2019) Ayala et al (2016). conducted a study of the factors that impact poverty in Spain.…”

mentioning

confidence: 99%

The Impact of Unemployment, Minimum Wage, and Real Gross Regional Domestic Product on Poverty Reduction in Provinces of Indonesia

Feriyanto

Aiyubbi

Nurdany

2020

Asian Economic and Financial Review

View full text Add to dashboard Cite

show abstract

“…Unemployment has negative impacts on the general well-being and the economy of a nation. The links between unemployment, poverty and economic growth in Nigeria was investigated by Adelowokan et al (2019). The authors discovered that while unemployment had a positive and significant relationship with poverty at the conventional level, it had a negative and important relationship with growth.…”

Section: Literature Reviewmentioning

confidence: 99%

Mathematical Analysis of the Implication of the Proposed Rise in the Retirement Age on the Unemployment Situation in Nigeria

Ayoade¹,

Folaranmi²,

Latunde³

2020

AJS

View full text Add to dashboard Cite

The situation has aggravated poverty and brought about untold hardship particularly for the unemployed. Currently, there is intense debate regarding the adjustment in the statutory age of retirement in Nigeria. To that end, a deterministic compartmental mathematical model is designed to study the implication of the proposed increase in the national statutory age of retirement on the national output and the trend of unemployment in Nigeria. The mathematical interpretation of the compartments of the model leads to the corresponding first-order ordinary differential equations. The resulting equations are proved to satisfy the basic features of a good mathematical model. The unemployment-free equilibrium is derived and the stability analysis is performed via stability theory of nonlinear differential equations. Numerical simulation is conducted to validate the analytical results. Results from the simulation show that increasing the national statutory age of retirement will limit the rate at which individuals are moving from the unemployed state to the employed state but widen the rate at which individuals are joining and remaining in the unemployed state.

show abstract

“…First, the 2008 global financial crisis brought economic hardship to every developing country, which served as one of the motivational factors to individuals who engaged in criminal activities simply to generate income in order to compensate for income deficiency (Bahmani-Oskooee & Oyolola, 2009;Rosenfeld, 2014;Lorde, Jackman & Lowe, 2016;Amin, 2019). Second, Nigeria experienced economic recession in 2015, which continued until the third quarter of 2016; this further brought a lot of hardship to the citizens, including a high rate of unemployment (Adelowokan, Maku, Babasanya & Adesoye, 2019). Hence, crime actually increases in the wake of the recession (Uggen, 2012;Lorde et al, 2016).…”

Section: Introductionmentioning

confidence: 99%

Institutional Quality, Economic Misery and Crime Rate in Nigeria

Ajide

2019

Economics and Business

View full text Add to dashboard Cite

This study examines the effect of institutional quality and misery index on crime rate in Nigeria. Data sourced for the period of 1986–2016 from the Nigerian Police Force, National Bureau of Statistics, International Country Risk Guide (ICRG) and World Bank Development Indicators are employed. The study applies the ARDL approach to co-integration in estimating the model built for the study. The results show that there is a long-run relationship among the variables. It further reveals that institutional quality reduces crime rate significantly in the short run while economic misery increases the level of crime in Nigeria. These results imply that gradual improvements in institutional arrangements within democratic administrations would further provide a more effective and efficient peaceful means for settling disputes and re-alignments of socio-economic inequalities, which seem to be the main causes of criminal activities in Nigeria.

show abstract

Unemployment, poverty and economic growth in Nigeria

Cited by 26 publications

References 4 publications

The Impact of Unemployment, Minimum Wage, and Real Gross Regional Domestic Product on Poverty Reduction in Provinces of Indonesia

The Impact of Unemployment, Minimum Wage, and Real Gross Regional Domestic Product on Poverty Reduction in Provinces of Indonesia

Mathematical Analysis of the Implication of the Proposed Rise in the Retirement Age on the Unemployment Situation in Nigeria

Institutional Quality, Economic Misery and Crime Rate in Nigeria

Contact Info

Product

Resources

About