0704-883-0675     |      dataprojectng@gmail.com

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.




FIND OTHER RELATED TOPICS


Related Project Materials

THE IMPACT OF MOBILE TECHNOLOGIES ON INFORMATION SYSTEMS

THE IMPACT OF MOBILE TECHNOLOGIES ON INFORMATION SYSTEMS 

Abstract: This study aimed to assess the...

Read more
THE ROLE OF CORPORATE SOCIAL RESPONSIBILITY IN ENHANCING BUSINESS PERFORMANCE

This research investigates the role of corporate social responsibility (CSR) in enhancing business performance. Objectives are: (1) to assess the i...

Read more
THE ROLE OF RADIO IN THE DEVELOPMENT OF RURAL AREAS

ABSTRACT

The broad aim  of this study is to examine the role of radio in rural development using Ezinihitte Loc...

Read more
THE IMPLICATION OF RITUALISM ON MORAL DEVELOPMENT OF NIGERIAN YOUTHS  

ABSTRACT

The broad objective of this study borders on the implication of ritualism on moral development of Nigeria Y...

Read more
AN EVALUATION OF CAPITAL MARKET REFORM AND ITS IMPACT ON THE PERFORMANCE OF THE NIGERIAN STOCK EXCHANGE

BACKGROUND OF THE STUDY

Economic reforms, particularly what became known as the Structural Adjustment P...

Read more
THE IMPACT OF RECRUITMENT METHOD ON NIGERIAN CIVIL SERVICE

ABSTRACT

This research work assesses the impact of recruitment method on Nigerian civil service commission as a case st...

Read more
ASSESSMENT OF THE EFFECTIVENESS OF INDUSTRY CERTIFICATIONS IN VOCATIONAL SECTORS

ABSTRACT: This study investigates the effectiveness of industry certifications in vocational sectors, focusing on their impact on employabilit...

Read more
THE ROLE OF COST ACCOUNTING TECHNIQUES IN ACHIEVING EFFECTIVE COST CONTROL IN THE MANUFACTURING INDUSTRY

ABSTRACT

This research report was carried out to ascertain whether traditional costing techniques (standard, marginal and absorption cost...

Read more
ANALYSIS OF GOVERNMENT POLICY'S IMPACT ON ACADEMIC ACTIVITIES OF STUDENTS

BACKGROUND OF THE STUDY

It is the responsibility of government to develop and execute policies that wil...

Read more
A STUDY OF THE FACTORS AFFECTING ACADEMIC PERFORMANCE OF GIRLS IN SENIOR SECONDARY SCHOOLS

BACKGROUND OF THE STUDY

Education is a dynamic process the result of which reflects almost directly on...

Read more
Share this page with your friends




whatsapp