Pages: (45-54 )
Abstract
This study investigates the relationship between economic growth and the rate of unemployment in Nigeria. Time series data from 1970 to 2019 period were used. The study employs Generalized Method of Moments (GMM) estimator and paid specific attention to issues of weighting matrix estimation and coefficient covariance calculation. The study found that negative but insignificant relationship between economic growth and unemployment rate in Nigeria. The result implies that economic growth generated in Nigeria from 1970 to 2019 was not adequate in reducing the unemployment rate among Nigerian. This study recommends that government should formulate and implement growth enhancing policies that can reduce unemployment rate in Nigeria.
Keywords: Unemployment, Economic growth, Co-integration, Nigeria,