Income inequality, unemployment, and poverty in Nigeria: a vector autoregressive approach
The 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.
Volume (Year): 7 (2004)
Issue (Month): 3 ()
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