Growth Elasticity of Poverty in Nigeria: Empirical Analysis
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Date
2021-12
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Journal Title
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Volume Title
Publisher
Global Business & Economics Anthology
Abstract
This Study examined growth elasticity of poverty in Nigeria, using elasticity procedure with data from the 2020 world bank world development indicators and nigerian national bureau of statistics(2020), covering the period 1992 to 2019. the findings showed 77.1% of the GEP coefficients as positive; signifying failure of economic growth to alleviate poverty in the country. it is therefore imperative for Nigeria to initiate and implement policies covering employment generation, good governance, reduction in all forms of inequalities, functional education, among others for growth to engender poverty reduction among the citizens.
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Keywords
Poverty, Economic growth, Poverty elasticity of growth, Nigeria
Citation
Dauda, R.S., Adeleke, O.K. & Oluwayemisi, O.A. (2021). Growth Elasticity of Poverty in Nigeria: Empirical Analysis. Global Business & Economics Anthology. Vol. 2, p59-68