THE IMPACT OF MINIMUM WAGE FLUCTUATION ON GROWTH OF NIGERIAN ECONOMY

  • Type: Project
  • Department: Economics
  • Project ID: ECO1235
  • Access Fee: ₦5,000 ($14)
  • Pages: 50 Pages
  • Format: Microsoft Word
  • Views: 296
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

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.

TABLE OF CONTENT
Title Page i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Table of Contents vi

CHAPTER ONE: INTRODUCTION
1.1 Background of the Study 1
1.2 Statement of the Problem 4
1.3 Objective oft he Study 8
1.4 Justification for Study 8
1.5 Research Hypothesis 9
1.6 Scope of Study 10

CHAPTER TWO: LITERATURE REVIEW
2.0 Introduction 11
2.1 Concept of Minimum Wage 16
2.2 Effect of Minimum Wage on Economic Growth in Nigeria 22

CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Introduction 24
3.2 Population of the Study 24
3.3 Source of Data 24
3.3.1Model Specification and Description of Variables 25
3.4 Procedure for Data Collection 25
3.5 Data Analysis 26
3.6 Methods of Data Analysis 26
3.7 Statistical Analysis of the Model 29
3.7.1 Statistical Criteria 29

CHAPTER FOUR: ANALYSIS OF DATA AND INTERPRETATION
4.1 Introduction 32
4.2 Re-Specification of Hypothesis 32
4.2.1 Model Specification 33
4.4 Data Presentation 33
4.5 Result 35
4.6 Interpretation of Result 35

CHAPTER FIVE: SUMMARY CONCLUSION AND RECOMMEDATION
5.1 Summary 40
5.2 Conclusion 41
5.3 Recommendation 42
Bibliography 46
Journal 49
Appendix
THE IMPACT OF MINIMUM WAGE FLUCTUATION ON GROWTH OF NIGERIAN ECONOMY
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Economics
  • Project ID: ECO1235
  • Access Fee: ₦5,000 ($14)
  • Pages: 50 Pages
  • Format: Microsoft Word
  • Views: 296
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Economics
    Project ID ECO1235
    Fee ₦5,000 ($14)
    No of Pages 50 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT This work tries to examine the impact of minimum wages on workers productivity in Nigeria. Public enterprises, with reference to Anambra State Board of Internal revenue. The study was borne out of the fact that workers are not adequately motivated in the organization. The study adopted survey design with a total population of 326 and a... Continue Reading
    (A STUDY OF VANGUARD AND THISDAY NEWSPAPER) ABSTRACT This work is an assessment of the extent of the press coverage of the passage of the national minimum wage act in Nigeria. The assessment is based on the following criteria the number of space allotted to the wage bill, the... Continue Reading
    (A STUDY OF VANGUARD AND THISDAY NEWSPAPER) ABSTRACT This work is an assessment of the extent of the press coverage of the passage of the national minimum wage act in Nigeria. The assessment is based on the following criteria the number of space allotted to the wage bill, the... Continue Reading
    PRESS COVERAGE OF THE PASSAGE OF NATIONAL MINIMUM WAGE ACT IN NIGERIA (A STUDY OF VANGUARD AND THISDAY NEWSPAPER) ABSTRACT This work is an assessment of the extent of the press coverage of the passage of the national minimum wage act in Nigeria. The assessment is based on the following criteria the number of space allotted to the wage bill, the... Continue Reading
    ABSTRACT Minimum wage legislation is meant to give wage earners the necessary social protection in terms of the minimum permissible level of wage. But despite these positive intentions, the policy has been highly criticized by many as its performance has also been doubted. This study examines the effect of minimum wage in the public sectors on... Continue Reading
    THE(1980 – 2010) ABSTRACT This research work is centred on the impact of exchange rate fluctuation on the Nigeria’s economic growth with special emphasis on purchasing power of the average Nigeria and the level of international trade transaction. Without exchange rate the... Continue Reading
    CHAPTER ONE 1.1            BACKGROUND OF THE STUDY Generally, globalization can be viewed as the integration of national economics through trade, capital flows and the accompanying convergence of economic policies. It is the process whereby political, social,... Continue Reading
    CHAPTER ONE INTRODUCTION THE LEADING ASSURANCE COMPANY (NIG) LTD Leading assurance did not progress with 1970. The lead way company was incorporated in 1970 to make out full assurance business in Nigeria. The company registration office is in Kaduna. The Head Quarter of lead way assurance is located at Kaduna town in Kaduna State. They have... Continue Reading
    THE IMPACT OF EXCHANGE RATE FLUCTUATION ON THE NIGERIA ECONOMIC GROWTH (1980 – 2010) ABSTRACT This research work is centred on the impact of exchange rate fluctuation on the Nigeria’s economic growth with special emphasis on purchasing power of the average Nigeria and the level of international trade transaction. Without exchange rate the... Continue Reading
    ABSTRACT This research work is centred on the impact of exchange rate fluctuation on the Nigeria’s economic growth with special emphasis on purchasing power of the average Nigeria and the level of international trade transaction. Without exchange rate the exchange of goods and services among trading partners will be faced with a lot of problems,... Continue Reading
    Call Us
    whatsappWhatsApp Us