Victor Ndubuaku, V. Inim, U. Samuel, Idamoyibo Hwerien Rosemary, Abner Ishaku Prince
{"title":"尼日利亚金融发展对就业率的影响","authors":"Victor Ndubuaku, V. Inim, U. Samuel, Idamoyibo Hwerien Rosemary, Abner Ishaku Prince","doi":"10.5430/RWE.V12N1P267","DOIUrl":null,"url":null,"abstract":"This study examines financial development on employment rate in Nigeria on the premise of goal 8 of the sustainable development goals (SDGs). Using the ARDL model and annualized time-series data from 1999-2019. Findings revealed a positive and statistically significant impact of financial development on employment rate. Supporting the Phillips curve of an inverse nexus between inflation rate and unemployment rate. The findings contravene Okun’s law of a negative relationship between economic growth and unemployment rate. The study recommences a policy framework to influence the operational and business activities of financial institutions to stir employment generation and economic growth in Nigeria.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"4 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2021-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"Financial Development on Employment Rate in Nigeria\",\"authors\":\"Victor Ndubuaku, V. Inim, U. Samuel, Idamoyibo Hwerien Rosemary, Abner Ishaku Prince\",\"doi\":\"10.5430/RWE.V12N1P267\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study examines financial development on employment rate in Nigeria on the premise of goal 8 of the sustainable development goals (SDGs). Using the ARDL model and annualized time-series data from 1999-2019. Findings revealed a positive and statistically significant impact of financial development on employment rate. Supporting the Phillips curve of an inverse nexus between inflation rate and unemployment rate. The findings contravene Okun’s law of a negative relationship between economic growth and unemployment rate. The study recommences a policy framework to influence the operational and business activities of financial institutions to stir employment generation and economic growth in Nigeria.\",\"PeriodicalId\":264194,\"journal\":{\"name\":\"Research in World Economy\",\"volume\":\"4 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2021-01-03\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Research in World Economy\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.5430/RWE.V12N1P267\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in World Economy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5430/RWE.V12N1P267","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Financial Development on Employment Rate in Nigeria
This study examines financial development on employment rate in Nigeria on the premise of goal 8 of the sustainable development goals (SDGs). Using the ARDL model and annualized time-series data from 1999-2019. Findings revealed a positive and statistically significant impact of financial development on employment rate. Supporting the Phillips curve of an inverse nexus between inflation rate and unemployment rate. The findings contravene Okun’s law of a negative relationship between economic growth and unemployment rate. The study recommences a policy framework to influence the operational and business activities of financial institutions to stir employment generation and economic growth in Nigeria.
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