THE IMPACT OF UNEMPLOYMENT ON ECONOMIC GROWTH IN NIGERIA. (1982-2014)

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ABSTRACT
The term ‘unemployment’ can be defined as an economic condition marked by the fact that individuals actively seeking for job remain unemployed. Unemployment is very common in under-developed nations like Nigeria and it affects graduates of various institutions of learning. The study was designed to investigate the impact of unemployment on economic growth in Nigeria for the period of 29 years (1982 – 2010). The focus of the research was to determine the cause and impacts of unemployment and this problem can be reduced in Nigeria to a minimal level or if possible, eradicated. The objective of this study is to determine the relationship between unemployment and economic growth in Nigeria (GDP). The method of analysis used in testing the hypothesis is T-test, F-test etc. Data for the study was obtained from the Central Bank of Nigeria Statistical Bulletin. The major finding was that unemployment has a negative impact on the gross domestic product (GDP) of the Nigeria economy. Based on the findings, some recommendations of policy and suggestions have been made.

TABLE OF CONTENT
Title Page - - - - - - - - - - i
Approval Page - - - - - - - - - ii
Abstract - - - - - - - - - - iii
Dedication - - - - - - - - - - iv
Acknowledgment - - - - - - - - - v
Table of Content - - - - - - - - - vi
List of Tables - - - - - - - - - ix

CHAPTER ONE
THE IMPACT OF UNEMPLOYMENT ON ECONOMIC GROWTH IN NIGERIA
1.1 Introduction - - - - - - - - - 1
1.2 Statement of Problem - - - - - - - 7
1.3 Objective of the Study - - - - - - - 11
1.4 Significance of the Study - - - - - - - 11
1.5 Scope and Limitation of the Study - - - - - 13

CHAPTER TWO
2.0 Literature Review - - - - - - - - 16
2.1 Theoretical Literature Review - - - - - - 16
2.2 Empirical Literature - - - - - - - - 30
2.2.1 The Relationship between Unemployment and Economic Growth41
2.2.2 Types of Unemployment - - - - - - - 43
2.2.3 Causes of Unemployment in Nigeria - - - - - 45
2.2.4 Effects of Unemployment - - - - - - - 47

CHAPTER THREE
3.0 Research Methodology - - - - - - - 49
3.1 Model Specification - - - - - - - - 50
3.2 Analytical Technique - - - - - - - - 51
3.3 Statistical Criteria (First Order-test) - - - - 52
3.3.3 Econometric Criteria (Second Order Test) - - - 53

CHAPTER FOUR
4.0 Presentation of Result and Data Analysis - - - - 56
4.1 Presentation of Regression Results - - - - - 56
4.2 Result Interpretation - - - - - - - 57
4.2.1 Evaluation Based On Economic Criteria - - - - 57
4.2.3 Evaluation Based On Statistical Criteria - - - - 57
4.2.2.3 Econometric Criteria (Second-Order Test) - - - 61

CHAPTER FIVE
5.0 Summary of Findings, Conclusion and Policy Recommendation Summary of Findings - - - - - - - - 70
5.1 Summary of Findings - - - - - - - - 70
5.2 Policy Recommendation - - - - - - 71
5.3 Conclusion - - - - - - - - - 72
BIBLIOGRAPHY - - - - - - - - - - 74
APPENDIX

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THE IMPACT OF UNEMPLOYMENT ON ECONOMIC GROWTH IN NIGERIA. (1982-2014)

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