An Empirical Analysis of Ecowas Labour Mobility and its Effect on the Regional Economy
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Date
2018
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Abstract
This study empirically investigate ECOWAS labour mobility and its effect on regional economy on a cross sectional analysis. Seven countries of the ECOWAS regional data were analyzed on a multiple regression analysis from 1991-2015 (25years). It was deduced that net migration has not accounted appropriately for labour mobility when subjected to an appropriate test on gross net income. One percent increase on average of net migration (NM) will lead to about 0.34 percent increase on gross national income. However, the positive coefficient of unemployment of 0.72 shows that, as labour mobility
tend to stretch out from the ECOWAS region unemployment tends to decline on arithmetic progression which positively affect gross net income (GNI). The coefficient shows that about 73 percent of the total variations are explained by the independent variables. Consequently the study recommends that ECOWAS mobility should be frequently checked by Government to enhance growth within ECOWAS regions.
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Keywords
Labour mobility, ECOWAS, Net migration, Unemployment
Citation
12. Akinyede O. M, and Williams T.H. (2018). An Empirical Analysis of ECOWAS Labour Mobility and Its Effect on the Regional Economy. Uniport Journal of Business, Accounting and Finance University of Port Harcourt ISSN 2504-8856. Vol.8, No. 1: March,