Empirical analysis of the impact of globalization on labor force utilization: Evidence from Nigeria
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Date
2010
Authors
Journal Title
Journal ISSN
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Publisher
African Economic and Business Review
Abstract
In this study, the impact of globalization on labor force utilization, proxied as
employment, in Nigeria was addressed with a view to assessing the extent to which
globalization has influenced the structure of development in Nigeria. To achieve this,
Augmented Dickey Fuller (ADF) test, and cointegration test were performed to
investigate the unit root problem and the long run relationship among variables
respectively; also an Error Correction Methodology was applied with a view to capturing
both the short run and long run dynamic adjustments in employment model. The findings
that emerged from the analysis showed that globalization practice could generate
negative impact on employment in both short- and long run periods suggesting that if
globalization continues as being practiced, globalization could further worsen the extant
decrepit state of unemployment in Nigeria other things being equal. It is therefore
recommended that government should confront the imminent unavoidable negative
effects of globalization with a well –designed policy mix.
Description
Keywords
Empirical analysis, Globalization, Labor force utilization, Nigeria
Citation
Aremo, A. G., & Adele, A. M. (2010). Empirical analysis of the impact of globalization on labor force utilization: Evidence from Nigeria. African Economic and Business Review, 8(1), 1-18.