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The Impact Of Labour Market Crisis On Developing Economics The Nigeria Experience [1980- 2010]
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1.3 RESEARCH QUESTIONS
1. What is the effect of labour market crisis on Nigeria economic growth.
1.4 OBJECTIVE OF THE STUDY.
The
broad objective of these research is to investigate the effect of
labour market crisis on developing economic s using Nigeria as a case
study .Specifically this research work is set out to achieve the
following objectives.
1. To investigate the effect of labour market crisis on economic growth of Nigeria.
1.5RESEARCH HYPOTHESIS
The following hypothesis was formulated in line with objective of the study.
1. There is no relationship between labour market crisis and economic growth.
1.6 SCOPE OF THE STUDY
This research is designed to investigate labour market crisis on developing economics using Nigeria as a case study.
This
research work covers the period 1980-2010 at which Nigeria economy
witnessed liberalization and globalization. This time period witnessed
labour unions resistance to new global world thereby leading to series
of industrial actions.
1.7 SIGNIFICANCE OF THE STUDY
The crisis
that has for a long time beclouded the Nigeria labour market has been a
source of worry to policy makers. This worry comes from the fact that
industrial actions does not affect only the sector concerned but also
affect the general economy because of its multiplier effect .
The
study , which is aimed at assessing to what extent the labour market
crisis affect s the economy , will be of tremendous importance not only
to the Nigerian economy , but also to the global economy since
globalization and liberalization have brought global systems together.
The findings of this research will also help to improve the current
economic reforms that have to do with labour market institutions.
Finally, this research will serve as material for researchers carrying out studies on related area.
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ABSRACT - [ Total Page(s): 1 ]This research work tries to investigate the impact of labour market crisis in developing economics using Nigeria as a case study .Using Nigeria as a case study. Using ordinary least square the study shows that there is a negative relationship between labour market crisis and economic growth; Also inflation was found to reduce production output and economic growth. Based on these findings this study recommends that government should apply reconciliation technique with labour unions so that produc ... Continue reading---
