Sectoral Analysis of Employment Intensity of Growth in Nigeria
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Date
2021
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Global Business & Economics Anthology
Abstract
This study assessed employment intensity of growth (EIG) in the agriculture, industry and service sectors in Nigeria from 1991 to 2019 within the context of Okun’s theory/law. Data from the 2020 World Development Indicators were employed for analysis, using elasticity procedure after decomposing the scope into different periods and regimes. The findings showed negative EIG in the agriculture and industrial sectors while the service sector returned positive EIG. Therefore, government should invest significantly in the service sector while the agricultural sector should be mechanized to boost output and supply of raw materials to industries to enhance employment generation.
Description
Keywords
Unemployment, Employment intensity of growth, Agriculture, Industry, Service, Nigeria
Citation
Dauda, Rasaki Stephen, Omowumi Monisola Ajeigbe, (2021), Sectoral Analysis of Employment Intensity of Growth in Nigeria, Global Business & Economics Anthology, ISSN:1553–1392, Volume I, March 2021, pp 87-99.