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Labour Force Participation and Economic Growth in Nigeria

Author

Listed:
  • Muhammad M. Yakubu
  • Benedict N. Akanegbu
  • Jelilov G

Abstract

This paper has examined empirically the effect of labour force participation on economic growth in Nigeria. Time series data for both the dependent and independent variables were sourced from World Bank Development Indicators 2018 database for the period 1990-2017. Johannsen’s Cointegration, and Vector Error Correction model (VECM) econometric tools were used. Finding shows that the variables have long-run relationship and also long-run causality was found running from LFPR and GFCF to RGDP. The study recommends that it is necessary for policy makers to address the problems of unemployment and gender inequality in employment.  JEL classification numbers: JEL J20, J60, O40, C10, O55

Suggested Citation

  • Muhammad M. Yakubu & Benedict N. Akanegbu & Jelilov G, 2020. "Labour Force Participation and Economic Growth in Nigeria," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 10(1), pages 1-1.
    • Handle: RePEc:spt:admaec:v:10:y:2020:i:1:f:10_1_1
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    References listed on IDEAS

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    7. Kargi, Bilal, 2014. "Labor Force Participation Rate and Economic Growth: Observations for Turkey," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 4(4), pages 46-54.
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    9. Rahman, Rushidan I. & Islam, Rizwanul., 2013. "Female labour force participation in Bangladesh : trends, drivers and barriers," ILO Working Papers 994834893402676, International Labour Organization.
    10. Olivier Thévenon & Nabil Ali & Willem Adema & Angelica Salvi del Pero, 2012. "Effects of Reducing Gender Gaps in Education and Labour Force Participation on Economic Growth in the OECD," OECD Social, Employment and Migration Working Papers 138, OECD Publishing.
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    Cited by:

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    2. Chen, Shengming & Hassan, Muhammad Shahid & Latif, Ayesha & Rafay, Abdul & Mahmood, Haider & Xu, Xiaowei, 2023. "Investigating resource curse/blessing hypothesis: An empirical insights from Luxembourg, the Netherlands, and Portugal economies," Resources Policy, Elsevier, vol. 83(C).
    3. Bakari, Sayef, 2021. "Are Domestic Investments in Spain a Source of Economic Growth?," MPRA Paper 105526, University Library of Munich, Germany.

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    More about this item

    Keywords

    Labor Force participation; Unemployment; Economic growth; Econometrics; Nigeria;
    All these keywords.

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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