Income inequality, unemployment, and poverty in Nigeria: a vector autoregressive approach
AbstractThe main features of poverty are low levels of consumption and income, a fact-of-life in most African countries. This paper analyzes the fundamental trends of per capita income, government capital expenditure, the human development index, and the rate of unemployment in the Nigeria. A vector autoregressive model finds that: A reduced unemployment rate improves human development and consequently reduces poverty. As growth in public capital expenditure rises, unemployment falls and the human development index improves. Therefore, infrastructure-based policies, which initially reduce unemployment, will also improve the living conditions of Nigerians in the end.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Journal of Economic Policy Reform.
Volume (Year): 7 (2004)
Issue (Month): 3 ()
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Find related papers by JEL classification:
- JEL - Labor and Demographic Economics - - - - -
- Cod - Mathematical and Quantitative Methods - - - - -
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
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- Fedderke, Johannes W. & Bogetic & Zeljko, 2006.
"Infrastructure and growth in South Africa : direct and indirect productivity impacts of 19 infrastructure measures,"
Policy Research Working Paper Series
3989, The World Bank.
- Fedderke, J.W. & Bogetic, Z., 2009. "Infrastructure and Growth in South Africa: Direct and Indirect Productivity Impacts of 19 Infrastructure Measures," World Development, Elsevier, vol. 37(9), pages 1522-1539, September.
- Johannes Fedderke & Å½eljko Bogetic, 2005. "Infrastructure and Growth in South Africa: Direct and Indirect Productivity Impacts of 19 Infrastructure Measures," Working Papers 39, Economic Research Southern Africa.
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