Inclusive Growth and Employment Risk 1985-2009

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    Inclusive Growth and Employment Risk 1985-2009: The effect of Unemployment on

    economic growth and Development in Nigeria.

    Non-Experimental Impact Evaluation using SPSS and R

    Olorunfemi Oladayo 1 and Raheem Kabir Kola 2

    August, 2014 3

    Today, graduate-unemployment has taken a new dimension in Nigeria. With scarce jobs,

    many more seek higher education than the ability of the already saturated labour market

    to absorb (Augustus N. Gbosi, 2005).

    This material is a complement to the PEP International Policy Forum held in SantaCruz, Bolivia, May 7, 2014. The Annual Conference is based on a special Policy Forumorganized by the Partnership for Economic Policy (PEP , www.pep-net.org ). It consists of aseries of examples illustrating the basic economic policy and labour market reforms andinterventions used by Nigeria government between 1985-2009 period of growth andemployment issues. Users and researchers are advised to further analyze the datacontained in this material, before making adjustment towards policy that limits thepotential of 21 st century youth in Sub Saharan Africa.

    From the foregoing, it is obvious that unemployment, especially the

    unemployment of graduates, impedes Nigerias progress in many ways. Apart from

    economic waste, it also constitutes danger for political stability (Ipaye, 1998). The state

    of unemployment can even lead to depression, low self-esteem, frustration and a

    1 Head of Research and Development: DWIPS Technology Lokoja Nigeria.2 Head of Software Engineering: DWIPS Technology Abuja, Nigeria.3 The researchers welcome criticism and suggestion to improve future research directions on the issues analyzed inthis study. We also wish to thank the anonymous sponsor of this study. Send critics to [email protected]

    mailto:[email protected]:[email protected]:[email protected]:[email protected]
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    number of other negative consequences (Ipaye, 1998). Youth employment is a crucial

    issue in Nigeria because the youth constitute a major part of the labour force and they

    have innovative ideas, which among other factors are important in the development

    process of the country.

    Aside the changes in labour market institution, urbanization issues and the rising

    rate of the population demographics of the country which is faster than the job

    opportunities, total neglect of the agricultural sectors and consequent mass exodus of

    able bodied youths from the rural to urban areas has also worsen the effect of

    unemployment due to continuous search of the none existing white cooler jobs. It is

    against this backdrop of unemployment problems affecting states and the economy

    that this research tries to investigate as a contemporary study in Nigeria. This is because

    employment problem has become chronic and should be a matter of utmost national

    concern.

    Research QuestionsBased on the problem of the study, the following research questions form the basis ofthis investigation:

    I. What is the magnitude impact of unemployment on Nigeria economy?II. What step should be taken to ensure that economic growth is such that brings

    about decrease in unemployment in Nigeria?III. What is the tradeoff between seasonality in agricultural produce and rate of

    unemployment change in Nigeria?

    Objective of the StudyThe objectives that will guide this study are as follows;

    I. To determine the relationship between unemployment and economic growth inNigeria.

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    II. To ascertain how structural changes in agricultural & manufacturing productioncan affect unemployment rate.

    III. To measure the likelihood effect of unemployment on Nigeria growth &

    development

    IV. To conduct a comparative evaluation of unemployment rate among the 36 statein Nigeria.

    V. To fill gap in literature and make policy recommendations based on findings ofthis research.

    Significance of the study

    One of the macroeconomics goals of any country is the actualization of full

    employment. Therefore, unemployment in any system is seen as a policy failure.

    However, there is always concerted effort on the part of the government in checkmating

    the impact of unemployment in an economy. This study of unemployment is therefore

    important to the economic policy makers, politicians, and graduates of higher

    institutions in all discipline most especially graduate of business management. Firstly, to

    the policy makers, this study will help in ascertaining the rate of unemployment in

    Nigeria to the desired height. And the policy maker with the knowledge of the state of

    unemployment in the system stands the best chance of controlling it through

    appropriate initiative like poverty eradication programmes and creation of employment

    opportunities that touches the lives of the population. Secondly, to Politicians, this

    study is informative to would be Nigerian states governors to take decision concerning

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    the formation of policy towards setting-up cottage industry to reduce structural

    unemployment affecting states that are public sector driven. Thirdly, university graduate

    of business that have access to the findings of this report will also learn to be proactive

    in the choice of sector where their managerial skills can be channel to; thereby averting

    under capacity utilization (underemployment).

    Data Presentation

    Analysis and Interpretations

    The fundamental reasoning & directions in the measurement of economic development

    in the 21 st century is, advancement towards equitable opportunities (inclusive) for

    economic participants during the process of economic growth with benefits to every

    Year Rate of Unempl % change of unempl GDP % change in GDP % Agricultural contribution t % Manufacturing contribution to GDP1985 6.1 _ 201036.3 _ 32.7 10.951986 5.3 -13.11 205971.4 2.45 35 11.041987 7 32.08 204806.5 -0.57 33.9 8.241988 5.1 -27.14 219875.6 7.36 34.9 9.231989 4.5 -11.76 236729.6 7.67 34.1 6.701990 3.5 -22.22 267550 13.02 31.5 6.201991 3.1 -11.43 265379.1 -0.81 32.97 7.001992 3.5 12.90 271365.5 2.26 32.92 5.661993 3.4 -2.86 274833.3 1.28 32.96 6.641994 3.2 -5.88 275450.6 0.22 33.7 8.541995 1.9 -40.63 281407.4 2.16 34.1 6.371996 2.8 47.37 293745.4 4.38 34.1 5.681997 3.4 21.43 302022.5 2.82 34.6 6.011998 3.5 2.94 310890.1 2.94 35 6.301999 17.5 400.00 312183.5 0.42 36.69 5.632000 13.1 -25.14 329178.7 5.44 35.83 4.182001 13.6 3.82 356994.3 8.45 34.32 4.942002 12.6 -7.35 433203.5 21.35 43.89 3.892003 14.8 17.46 477533 10.23 42.59 3.842004 13.4 -9.46 527576 10.48 40.98 3.592005 11.9 -11.19 561931.4 6.51 41.19 3.322006 12.3 3.36 595821.6 6.03 41.72 3.062007 12.7 3.25 634251.1 6.45 42.01 2.992008 14.9 17.32 672202.6 5.98 42.12 2.852009 19.7 32.21 716949.7 6.66 41.84 3.01

    Sources: NBS, 2010, CBN 2005, 2006 and 2009 Annual Reports

    Table I: Unemployment Rate and Gross Domestic Product (Value Approach)

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    section of the society. Inclusive growth takes a longer-term perspective, as the focus is

    on productive employment as a means of increasing the income of the poor and

    excluded groups & raising their standard of living (Wikipedia, 2014). In this case, what is

    the tradeoff between seasonality in agricultural produce and rate of unemployment

    change in Nigeria? The insight required to find answers to this research question can be

    found in exhibit A below. This question hinges on axiom that economic growth cannot

    be divorced of productive sector development and employment creation.

    One objective of this study is to ascertain how structural shift in the productivity of

    agricultural & manufacturing outputs can affect unemployment rate. Following

    Wikipedia 2014 report- sustainable economic growth requires inclusive growth. An

    insight from exhibit A reveals that seasonal growth in agriculture produce ranges

    Source: Data factbook from Nigeria n bureau of statistics 2010 and Central bank of Nigeria 2005 - 2009

    0

    2

    4

    6

    8

    10

    12

    0

    5

    10

    15

    20

    25

    30

    35

    40

    45

    50

    1 9 8 5

    1 9 8 6

    1 9 8 7

    1 9 8 8

    1 9 8 9

    1 9 9 0

    1 9 9 1

    1 9 9 2

    1 9 9 3

    1 9 9 4

    1 9 9 5

    1 9 9 6

    1 9 9 7

    1 9 9 8

    1 9 9 9

    2 0 0 0

    2 0 0 1

    2 0 0 2

    2 0 0 3

    2 0 0 4

    2 0 0 5

    2 0 0 6

    2 0 0 7

    2 0 0 8

    2 0 0 9

    r a t i o

    o f g r o w t h p e r y e a r

    Exhibit A: Tradeoff between seasonality of Agricultural produce,downturn in Nigeria Manufacturing output and development issues

    (1985-2009)

    % of Agricultural contribution to GDP (left scale axis)

    % of Manufacturing contribution to GDP (right scale axis)

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    between 32%-43% approximation within twenty five years (1985-2009) of development

    period. However, due to urbanization & repeated migration of youth (age group of 20-

    44) in rural to urban communities adapting Todaro (1985) migration hypothesis;

    agricultural productivity in relation to economic growth is therefore traceable to activity

    based predominantly to people living in rural area within specific age limits (age group

    of 15 19, 55 59 and 65+).

    Conversely, the downturn in local productivity of manufacturing sector in Nigeria

    is a limiting factor hindering inclusive growth. Within 1985-1990, close to 6%-11%

    productive manufacturing performance was achieved in Nigeria. In contrast, fewer than

    4% growth ratio in manufacturing contribution to GDP is the reality in 2004-2009

    periods (see exhibit A). Simply put, a significant employment risk factor of 1.3% on

    average, will impact youth employment potential adversely in manufacturing sector.

    Employment risk is a comparison of 1.68 average of absolute deviation of 1985-1990

    data points to that of 0.37 within 2004-2009 respectively.

    To this end, one fundamental approach to address youth unemployment as

    development issues that is peculiar to this study is a prime readjustment of

    empowerment program for the youth in relation to inclusive growth. For example, using

    25-44 age distribution, an optimal scheme for the unemployed with self-employment or

    SMEs operational interest, should go beyond short-term (1-2 years period) skill training

    programme addressing technical aspects of business setup; but rather, empowerment

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    program to beneficiary should also be inclusive of 3-5 years cash transfer payment on

    quarterly basis within entrepreneurial trial period required to risk failure and create

    sustainable activities for his/her setup venture in support towards productive

    employment needs in low-income countries, like the case of Nigeria where general

    unemployment rate is rising (see Exhibit B below).

    In Nigeria, another instrumental factor to address development issues of youth

    unemployment is urbanization processes. A situation where many believed that gainful

    employment opportunity is city bound due to large factories possibilities & high activity

    rate in the urban communities. Based on the premise where structural unemployment

    affects many states among the 36 states including federal capital territory (Abuja) that is

    public sector driven, what step should be taken to ensure that economic growth is such

    that brings about decrease in unemployment in Nigeria? If given the research objective

    to determine the relationship between unemployment and economic growth in Nigeria.

    The ideal approach cannot be divorced of nonlinear correlation estimate threshold

    found in table II & Exhibit B below.

    Table II: Correlations Unemployment

    rate (%)Gross Domestic

    Product valueSpearman's rho Unemployment rate (%) Correlation Coefficient 1.000 .612

    Sig. (2-tailed) . .001N 25 25

    Gross Domestic Productvalue

    Correlation Coefficient .612 1.000Sig. (2-tailed) .001 .N 25 25

    **. Correlation is significant at the 0.01 level (2-tailed).

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    The result in table II shows that Nigeria economic growth (GDP) and prevailing

    unemployment rate are both interdependent at 61.2% rank (rho) correlation coefficient

    measurement. Put differently, that positive relationship exist between this two

    macroeconomic variables (the reverse is also possible).

    Using baseline threshold in Exhibit B aligned with the prime readjustment strategy, this

    study therefore follow policy analysis on growth and employment report (PAGE

    Initiative, 2013). Adapting the thematic focus of partnership for economic policy -

    inclusive growth is about raising the pace of growth and enlarging the size of the

    economy, while leveling the playing field for investment and increasing productive

    employment opportunities (PEP, 2013). In this case therefore, the sub-optimal or

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    defunct reform of structural adjustment programme (SAP 1986-1994) and NEEDs

    (national economic empowerment development strategy 1&2) crafted with key cardinal

    focus to drive employment generation for youth, did not achieved sustainable impact

    beyond reform periods (see exhibit B). Why? because the intervention

    programme/reforms were not planned with impact evaluation & follow-up policy

    review; Hence, the 32.08% high change in unemployment rate recorded in 1987 after

    SAP launch, remains the same 32.21% in 2009 immediately after NEEDs programme

    suspension (see exhibit B) by the new federal government regime in Nigeria by May,

    2007. Though, series of reforms inclusive of MDG intervention, had yielded 6.66% GDP

    growth in 2009 when compare to the adverse growth (-0.57%) level in 1987, this

    economic growth is not inclusive due to the rise in general unemployment level and

    population in Nigeria as at 2009 observation.

    Hypothesis testing

    What is the magnitude impact of unemployment on Nigeria economy? Considering the

    learning or research outcome with scientific goals to measure the likelihood effect of

    unemployment on Nigeria growth & development; the hypothesis restated here is:

    H0: Unemployment does not have significant effect on economic growth &

    development in Nigeria.

    H1: Unemployment does have a significant effect on the economic growth &

    development in Nigeria.

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    Table III: Model Summary and Parameter Estimates Dependent Variable: Gross Domestic Product valueEquation Model Summary Parameter Estimates

    R Square F df1 df2 Sig. Constant b1di

    men

    sion1

    Power .482 21.430 1 23 .000 162713.042 .387Growth .562 29.548 1 23 .000 12.277 .054

    The independent variable is Unemployment rate (%).

    The model summary result found in table III shows that an estimated 48.2% (R 2 = 0.482)

    variability in Nigeria economic growth on average (dependent variable being GDP

    values) is being explained by annual changing rate of unemployment variable

    (predictor), if power calculation technique is administered. A counterfactual

    investigation conducted by Tabeuina Daveri (2000) found empirical support by raising a

    hypothesis that unemployment has a negative effect on economic growth while Layard

    and Nickell (1999) supported findings that the labour market institution that increase

    unemployment also lower economic growth. By contrast, following result in table III, the

    growth equation lacked sufficient impact estimate (b 1 = 0.054) to predict Nigerian

    economy from changes found in unemployment rate (25 years period: [1985-2009])

    Fundamentally, using a causal effect approach in table III, the Interpretation of

    parameter estimate statistic on average outcome suggest that; each unit group of

    persons added to unemployment grid thus produces 38.7% impact (see table III: b 1 =

    0.387) on economic growth (GDP value). But the average outcome here is without

    feedback effect to explain development issues relating to inclusive growth and

    productive employment in the long-run. However, the regression parameter estimate

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    found in the power equation result (see Table III) is statistically significant (Sig.=0.000 dataX2002 X2003 X2004 X2005 X2006 X2007 X2008

    ABIA 14.8 11.4 9.65 7.9 13.5 10.9 14.50ADAMAWA 12.9 11.9 16.65 21.4 17.9 11.9 29.40AKWA-IBOM 12.3 14.4 14.40 14.4 15.3 13.5 34.10ANAMBRA 6.6 9.1 9.45 9.8 10.8 11.1 16.80BAUCHI 10.4 20.5 25.10 29.7 23.9 7.3 37.20BAYELSA 3.5 7.1 14.00 20.9 16.0 6.9 38.40BENUE 8.2 4.8 11.70 18.6 10.8 67.4 8.50BORNO 6.4 0.8 3.55 6.3 5.8 7.8 27.70CROSS-RIVER 7.9 12.0 11.50 11.1 16.9 11.8 14.30DELTA 14.9 17.1 10.80 4.5 13.8 18.9 18.40EBONYI 2.8 16.7 11.80 7.0 10.9 11.5 12.00EDO 4.8 3.1 6.50 9.9 8.6 5.1 12.20EKITI 17.5 8.2 7.85 7.5 8.7 15.6 20.60ENUGU 15.2 16.5 21.60 27.4 20.0 11.5 14.90GOMBE 13.4 7.6 15.20 22.8 15.6 10.5 32.10IMO 19.9 22.1 19.30 16.5 21.5 7.6 20.80JIGAWA 6.1 20.5 19.80 19.1 21.6 17.4 26.50KADUNA 8.4 19.6 15.90 12.1 14.1 5.9 11.60KANO 12.8 25.9 22.50 19.1 19.4 12.7 27.60KATSINA 10.4 20.3 22.10 23.8 19.3 5.8 37.30

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    KEBBI 12.3 19.8 19.90 19.9 15.2 11.8 12.00KOGI 19.9 14.9 11.80 8.7 12.5 16.5 19.00KWARA 8.8 5.4 4.20 2.9 7.5 16.4 11.00LAGOS 8.0 25.6 16.10 6.5 15.5 10.2 19.50NASARAWA 1.6 5.1 6.90 8.7 8.1 7.6 10.10NIGER 6.3 6.7 3.50 0.2 3.6 17.0 11.93OGUN 9.2 1.3 1.90 2.5 2.3 3.9 8.50ONDO 16.8 7.3 6.80 6.2 6.7 5.8 14.90OSUN 1.0 0.4 1.20 1.9 2.7 6.3 12.60OYO 7.0 0.8 3.10 5.3 4.3 6.5 14.90PLATEAU 11.8 0.4 1.60 2.8 2.9 8.7 7.10RIVERS 6.6 15.3 11.20 7.0 25.0 4.7 27.90SOKOTO 4.1 4.9 4.50 4.1 6.4 12.1 22.40TARABA 16.8 23.8 13.60 3.4 14.0 5.9 26.80YOBE 15.0 12.1 10.70 8.0 13.6 19.9 27.30ZAMFARA 46.4 71.5 61.30 51.1 50.8 12.8 13.30FCT 14.4 5.3 5.90 6.5 16.4 16.4 21.50

    > data.agnes data.agnesCall: agnes(x = data, metric = "manhattan", stand = TRUE, method ="average")Agglomerative coefficient: 0.8758194Order of objects:

    [1] ABIA ANAMBRA CROSS-RIVER EBONYI KADUNA LAGOS[7] DELTA YOBE KOGI EKITI FCT RIVERS

    [13] TARABA BORNO OYO SOKOTO EDO NASARAWA[19] OGUN PLATEAU OSUN KWARA NIGER ONDO[25] ADAMAWA GOMBE AKWA-IBOM BAYELSA BAUCHI KATSINA[31] ENUGU KEBBI IMO JIGAWA KANO BENUE[37] ZAMFARAHeight (summary):

    Min. 1st Qu. Median Mean 3rd Qu. Max.1.890 2.925 3.804 5.440 5.467 35.260

    Available components:

    [1] "order" "height" "ac" "merge" "diss" "call""method"[8] "order.lab" "data"

    From the evidences contained the data, the Dendrogram (using average linkage

    between groups: see graph below) result suggests that people living in various state like

    Delta, Yobe, Kogi, Ekiti and FCT (federal capital territory tends to have similar

    unemployment challenges. These category of states are therefore classified as one

    group. However, the dendogram suggests further that when the dwellers, particularly

    the youth living in this particular group of five as one identity, decides to migrate to

    another neighbor class of group (Abia, Anambra, Cross-River, Ebonyi, Kaduna and

    lagos), to search and compete for few available jobs in a state with high population

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    density and large number of manufacturing and service firms or industry; such migrants

    that may be faced with information asymmetric in the labour market might create an

    unintended job competition among the people in the other states. The possible solution

    to this issue stated here, is for policy makers to address inclusive growth andemployment risk as explained in context found previously in exhibit A model.

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    Discussion of Findings

    For policy review, another major example of sub-optimal empowerment program in

    practice is the graduate internship scheme (GIS) initiative under the SURE-P (Subsidy

    reinvestment and empowerment programme) intervention of Nigeria federalgovernment in 2011. GIS aims to provide Nigerian graduates with quality temporary

    work experience that will make them stronger candidates for job openings in the labour

    market through a one-year internship placement (Papka P.M. August 6, Project Director

    (GIS) report, 2014). Stating further that, during the period of internship, the Federal

    Government will provide each intern with a monthly stipend payment of N30,000, and a

    group life Insurance.

    Empirically, consequent upon the findings in this study, the rising rate of unemployed

    persons irrespective of gender, age distribution and geographical location is a signal to

    measure the unproductive sector in which the youth as a group is more vulnerable.

    Unemployment rate according to Begg, (2004) is the percentage of people in the labour

    force without jobs. However, to level up this scientific investigation, the productive

    sector cannot be left out of research equation. Productive sector of the Nigeria

    economy in this context is inclusive of Agricultural & manufacturing sectors

    contribution, but not limited to this critical sector (see Exhibit A). For comparison, the

    impact of productive sector to the economy which is the unexplained factor (see Model

    summary in table III) in the curve estimation regression model (1- R 2 statistic: [1-0.482]

    = 0.518) is put at 51.8% probability estimate approximately for power calculation.

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    Summary of Findings

    One major rationale to understand the strong positive correlation (rho= 0.612) between

    unemployment rate and economic growth indicator in Nigeria is that raising the gross

    domestic product (value approach) is critical for the control of rising unemployment rate

    though; the outcome may not be parallel in the long-run (see exhibit C & table II).

    Corroborating Walterskirchen (1999) the simple, but wrong argument is: There can be

    no negative relationship between economic growth and unemployment, because GDP

    and unemployment are both rising in the long run. Conversely, the macroeconomic

    policy framework has enhanced the stability (year-on-year change in GDP) of Nigerian

    economy. In contrast, the shift (year-on-year change in unemployment rate) in labour

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    market issues extends towards an irrational patterns (1988-2000: see exhibit B) hence,

    the need for prime readjustment strategy to tackle unemployment affecting the

    standard of living of the youth in Nigeria.

    Conclusions

    The dynamics of impact evaluation in relation to unemployment and economic growth

    in Nigeria have been fully explained in this study. Although few hindrances to interpret

    the cause-effect factor (predictive) of labour market supply and economic development

    in developing countries such as the Nigeria case is still problematic. However, the

    estimated 38.7% average impact of unemployment on economic growth indicator for

    twenty five annual period (long-term: 1985-2009) can be approached as implicit cost

    associated with marginal unit of output that can be produced locally if the unemployed

    grid of people particularly the youth are nationally motivated to experiment

    entrepreneurial initiatives to create value to their immediate communities, rather than

    migrating to urban labour market in search of high rewarding jobs.

    Recommendations

    One main recommendation based on evidences in this study is that government policy

    relating to labour market reforms in Nigeria should be integrated with a baseline &

    follow-up actions of reforms impact evaluation to curb policy shock or unintended

    effect of empowerment scheme.

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    Policy makers especially in Nigeria and particularly the policy interventions at the state

    level should acknowledge the fact that civil service jobs extension is not likely to account

    for productive employment creation for 21 st century youth. This explains the missing link

    of inclusive growth approach.

    The Nigerian youth are likely to be left behind when short-term skills acquisition

    program is not planned with sustainable Prime readjustment strategy that can absorb

    failure risk of self-employed or green entrepreneurial drives to create activity based

    business that can employ more people locally.

    The employment risk factor attributed to loss of jobs in the manufacturing sector in

    Nigeria on a long-term measurement approach should be controlled through optimal

    labour market reforms and economic development policies review.

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    mailto:[email protected]:[email protected]:[email protected]:[email protected]