Open AccessSectoral Analysis of Employment Intensity of Growth in Nigeria
Author(s) -
R.O.S Dauda,
Omowumi Monisola Ajeigbe
Publication year - 2021
Publication title -
global business and economics anthology
Language(s) - English
Resource type - Journals
ISSN - 1553-1392
DOI - 10.47341/gbea.21037
Subject(s) - tertiary sector of the economy , scope (computer science) , agriculture , context (archaeology) , government (linguistics) , labor intensity , economics , business , secondary sector of the economy , government sector , agricultural economics , economic growth , market economy , economy , geography , private sector , linguistics , philosophy , archaeology , computer science , programming language
This study assessed employment intensity of growth (EIG) in the agriculture, industry and service sectors in Nigeria from 1991 to 2019 within the context of Okun’s theory/law. Data from the 2020 World Development Indicators were employed for analysis, using elasticity procedure after decomposing the scope into different periods and regimes. The findings showed negative EIG in the agriculture and industrial sectors while the service sector returned positive EIG. Therefore, government should invest significantly in the service sector while the agricultural sector should be mechanized to boost output and supply of raw materials to industries to enhance employment generation.