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The Impact Of Unemployment On Economic Growth In Nigeria (1970-2010)
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1.4 OBJECTIVE OF THE STUDY
The objectives that will guide this study are as follows;
1. To determine the relationship between unemployment and economic growth in Nigeria.
2. To ascertain the magnitude of this relationship.
3. To make policy recommendations based on the finding.
1.5 STATEMENT OF HYPOTHESIS
The hypothesis that would guide this work is as follows;
1. H0: Unemployment has no significant impact on economic growth in Nigeria.
2. H1: Unemployment has no significant impact on the economic growth in Nigeria.
1.6 IMPORTANCE OF THE STUDY
One
of the macroeconomics goals of any country is the actualization of full
employment. Therefore, unemployment in any system is seen as a policy
failure and there is always concerted effort on the part of the
government in checkmating the impact of unemployment in an economy. The
study of unemployment is important to the policy makers, politicians,
and student of economics.
To the policy makers ascertaining the rate
of unemployment, in an economy to the desired height, the policy maker
with the knowledge of the state of unemployment in the system stands the
best chance of controlling it through appropriate initiative like
poverty eradication programmes and creation of employment opportunities
that touches the lives of the population.
1.7 SCOPE AND LIMITATION OF THE STUDY
The limitation of this research were much and varying.
First
was the difficulty in getting access to some relevant research
documents. There were several cases of limited copies of materials.
The
second constraint to this research was finance and time. The time
allowed for the completion of this work was short, coupled with the fact
that other academic work were in progress.
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ABSRACT - [ Total Page(s): 1 ]The term unemployment can be defined as an economics condition marked by the fact that individual actively seeking jobs remain unhired. Unemployment is expressed as a percentage of the total available work force. The level of unemployment varies with economics conditions and other circumstances. This is mostly seen in graduate of various institutions of learning especially in under developed nations like Nigeria. The study was designed to investigate the impact of unemployment on economics growt ... Continue reading---
