THE IMPACT OF MINIMUM WAGE FLUCTUATION ON GROWTH OF NIGERIAN ECONOMY
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This research work investigates the impact of minimum wage fluctuation on growth of Nigeria economy. Determinants of labour market in Nigeria arising from the economic transformation in recent years, and how public policy affects in particular labour market outcomes. The result has shown that increase in minimum wage increase by l unit (1 million), increase real gross domestic product by 0.038million. Similarly, an increase composite consumer price index in by 1 unit (1 million) reduced RGDP by -55.063 (million) Increase in per capital income by I unit (1 million) increase RGDP by 4788.060million. Also increase in labour forces by 1 unit (1 million) reduced RGDP by 0.005million while increase in inflation rate by 1 unit (1 million) reduced RGDP by 0.035. This is in conformity with the theoretical expectation, since it believes that increase in minimum wages and per capital income supposed to increase the real gross domestic product of the country. And that, per capital income is the most significant. This would propel the economy to higher levels of productivity. There is need for government to create enabling environment which would encourage heavy investment in infrastructural foundation that can enhance labour productivity and induce growth.
Related Project Materials
THE ROLE OF PUBLIC RELATIONS IN THE MARKETING OF HOSPITAL SERVICES (A CASE STUDY OF PARK-LANE HOSPITAL ENUGU)
Abstract
Public relations as a marketing function is an extension of the societal marketing concept which focuses every marketing decisio...
PHYTOCHEMICAL AND SOME BIOLOGICAL STUDIES OF THE METHANOL LEAF EXTRACT OF ASPILIA AFRICANA (PERS.) C. D. ADAMS (ASTERACEAE)
Abstract
Aspilia africana, (Pers) C.D. Adams; (Asteraceae), a semi perennial woody plant, commonly known as haemorrhage plant is widely d...
THE IMPACT OF FINANCIAL INCENTIVES ON EMPLOYEE PRODUCTIVITY IN PUBLIC SECTOR
ABSTRACT
This study was carried out to examine the impact of financial incentives on employee productivity in public...
Understanding and Exploiting Design Flaws of AMD Secure Encrypted Virtualization
Abstract
Trusted Execution Environment (TEE) is a blooming direction in the cloud industry. Aiming at protecting cloud user’s data...
ADHERENCE TO ETHICAL ADVERTISING BY TRADO-MEDICINE COMPANIES IN EBONYI STATE
Background of the Study
Sub-Saharan Africa has a long tradition of traditional medicine advertis...
THE ROLE OF GOVERNMENTAL ACCOUNTING METHODS FOR SOCIAL WELFARE PROGRAMS
THE ROLE OF GOVERNMENTAL ACCOUNTING METHODS FOR SOCIAL WELFARE PROGRAMS
Abstract
This research explores the role of governmenta...
ACCOUNTING FOR PUBLIC-PRIVATE PARTNERSHIPS (PPPs) IN GOVERNMENTAL ENTITIES
ACCOUNTING FOR PUBLIC-PRIVATE PARTNERSHIPS (PPPs) IN GOVERNMENTAL ENTITIES
Abstract
This research investigates the accounting p...
INFORMATION SOURCES AND SERVICES PROVISION FOR CONFLICT RESOLUTION IN NORTHERN STATES OF NIGERIA
ABSTRACT
This study investigated the Information Sources and Services Provision for Conflict Resolution in Northern States of Nigeria. A...
IMPACT OF CHILD ABUSE ON THE PARENTS AND THE PUBLIC
EXCERPT FROM THE STUDY
According to Hill (2003) child abuse is a social phenomenon which cannot be precisely define...
THE EFFECT OF DIGITALIZATION ON FIDUCIARY ACCOUNTING SERVICES
THE EFFECT OF DIGITALIZATION ON FIDUCIARY ACCOUNTING SERVICES
This research aims to (1) analyze the impact of digital to...
