Effect of Population Growth on Unemployment in Nigeria

Filed in Articles by on July 26, 2022

 – Effect of Population Growth on Unemployment in Nigeria –

ABSTRACT                    

This research investigates the effect of population growth on unemployment in Nigeria between  1980-2016 through the application of Ordinary Least Square (OLS) technique Augmented Dickey-Fuller test was employed to test the presence of unit root in the series.

The relationship between unemployment on one hand and population growth, mortality rate and poverty among other variables was explored.

The results reveal that an increase in population growth and poverty brings about an increase in unemployment while a decrease in mortality rate also result in an  increase in unemployment.

The study also revealed that the independent variables account for about 98% of the variation in the dependent variable.

The hypotheses further show that population growth, mortality rate and poverty are statistically insignificant at a significance level of 0.05.From the correlation analysis it can concluded that there is serial correlation amongst the residuals of the regression estimates from 1980 to 2016 in Nigeria.

INTRODUCTION

Nigerian environment and its natural resources are fast being degraded and consumed with drastic human population increase. Nigeria is a country with the largest human population in Africa estimated to be about 150 million (Department of Petroleum Resources DPR Nigeria 2005) and popularly regarded as The Giant of Africa for its population.

Geographical area of Nigeria, is 923,768 sq km and it is densely populated and the economists are yet to arrive at this geometrical growth influences positively or negatively the level of employment, underemployment and unemployment in this country.

According to Okuns (1992), if there is an association between employment and output then, there is the tendency that such relationship may change over time due to changing growth rate of population.

REFERENCES

Assaad, Ragui, Fatma El-Hamidi and Akhter U. Ahmed (2000), The Determinants of Employment Status in Egypt. FCND Discussion Paper No. 88
Akhtar, Sajjad and LubnaShahnaz (2005), Understanding the youth unemployment  conundrum in Pakistan: Preliminary empirical macro-micro analysis. Discussion Paper Series No. 4, Center for Research on Poverty Reduction  and Income Distribution, Islamabad.
Adesina, O. S. (2013). Unemployment and security challenges in Nigeria. International Journal of Humanities and Social Science (3), 7, 146-156 [Online] Available: www.ijhssnet.com/journals/ (September 23, 2015)
Adediran, O. A. (2012). Effect of Population on Economic Development in Nigeria: A Quantitative Assessment. International Journal of Physical and Social Sciences (IJPSS) http://www.ijmra.us Vol. 2, (5).2-7.
Aminu, U. and A.Z. Anono (2012).An empirical Analysis of The Relationship between Unemployment andInflation in Nigeria from 1977-2009. Business Journal, Economics and Review, Vol.1 (12), pp 42-61. GlobalResearch Society. Pakistan.
Aminu, U. and A.Z. Anono (2012).Effect of Inflation on the Growth and Development of the NigerianEconomy (An Empirical Analysis).International Journal of Business and Social Science. Vol.3 No.10 [SpecialIssue- May 2012].
Braun, S. (1999), “productivity and the NAIRU (and other Philips curve issues)”, working paper, No. 34, Board of governors of the Federal Reserve System (February).
Balami, D.H (2006). Macroeconomic Theory and Practice.Salawe prints, Off Leventies, Wulari, Maiduguri.
Bolanch, Oliver and JordiGali, (2010).“Labor market and monetary policy, a new Keynesian model with unemployment” America Economic journal.
Chatterjee, S., (1995), “Productivity growth and the American business cycle business review, federal reserve bank of Philadelphia (September/October), 13-23.

Comments are closed.

Hey Hi

Don't miss this opportunity

Enter Your Details