OKORIE, George Chisom and Allison, Pat (2022) PRIVATE SECTOR INVESTMENT AND UNEMPLOYMENT IN NIGERIA. GOUni Journal of Faculty of Management and Social Sciences, 9 (1). pp. 71-82. ISSN 2550-7265
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Abstract
This study examines Private sector investment and unemployment in Nigeria. The objective of the research is to ascertain the impact of private sector investment on unemployment in Nigeria. The study utilized time series data obtained from the Central Bank of Nigeria Statistical Bulletin, National Bureau of Statistics, and ILO Data Base with respect to Nigerian labour force. All the variables are subjected to unit roots and co integration tests. Following the variables different orders of integration, the Auto-Regressive Distributed Lag (ARDL) Model was adopted in data analysis. Findings from results showed that private sector investment has negative and significant impact on unemployment in Nigeria both in the short run and in the long run. That is, 1 percent increase in private sector investment leads to 5.5 percent decrease in unemployment in Nigeria in the short run and 17.1 percent decrease in unemployment in Nigeria in the long run. The study recommends that the federal government of Nigeria pursues policies geared at providing enabling environment for private sector investment to expand.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | mrs chioma hannah |
| Date Deposited: | 08 Mar 2022 14:53 |
| Last Modified: | 08 Mar 2022 14:53 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/3476 |
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