Income Inequality, Unemployment, and Poverty in Nigeria: a Vector Autoregressive Approach
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Date
2004
Authors
Akinbobola, T.O.
Saibu, O.M.
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Policy Reforms
Abstract
The main features of poverty are low levels of consumption and income, a fact-of-life in most African countries.
This paper analyzes the fundamental trends of per capita income, government capital expenditure, the human development index, and the rate of unemployment in the Nigeria. A vector autoregressive model finds that: A reduced unemployment rate improves human development and consequently reduces poverty. As growth in public capital expenditure rises, unemployment falls and the human development index improves. Therefore, infrastructure-based policies, which initially reduce unemployment, will also improve the living conditions of Nigerians in the end.
Description
Scholarly articles
Keywords
Poverty , Unemployment , Standard of Living , Income inequality , Research Subject Categories::SOCIAL SCIENCES
Citation
Akinbobola T.O & Saibu M.O (2004) “Income Inequality, Unemployment and Poverty in Nigeria: A Vector autoregressive model approach” Journal of Policy Reforms Vol 7, No. 3 pp.175- 183 USA