ABSTRACT
This study investigated the effect of globalization
and labour market activities in Nigeria for the period 1981-2019 with the help
of the ARDL model of estimation and toda and yamamoto granger causality test to
determine the level of impact that one variable has on each other. Results
showed that Foreign Direct Investment Inflows (LNFDII) had a positive
relationship with Labour market in the short and long run period in Nigeria,
Gross Fixed Capital Formation % Contribution of GDP (GFCF_GDP) had a weak
positive relationship with Labour force in the short run and insignificantly
influenced labour market in the long run while Real Effective Exchange Rate
(REER) had a positive relationship with Total Labour Force (TLABF) and
insignificantly at 5% level of significance in the long run where the result of
toda and yamamoto granger causality test indicated a Uni-Directional causality
between total labour force and gross fixed capital formation in Nigeria. Based
on these findings, the study recommended that Nigeria, as a developing nation,
should develop its own domestic technology in order to reap the full benefits
of globalization and to prevent macroeconomic volatility, developed countries
must liberalize their short-term capital movements gradually in order for
globalization to succeed.
MICHAEL, U (2023). Globalization And labour Market Activities In Nigeria. Mouau.afribary.org: Retrieved Oct 09, 2024, from https://repository.mouau.edu.ng/work/view/globalization-and-labour-market-activities-in-nigeria-7-2
UNIVERSITY, MICHAEL. "Globalization And labour Market Activities In Nigeria" Mouau.afribary.org. Mouau.afribary.org, 21 Jun. 2023, https://repository.mouau.edu.ng/work/view/globalization-and-labour-market-activities-in-nigeria-7-2. Accessed 09 Oct. 2024.
UNIVERSITY, MICHAEL. "Globalization And labour Market Activities In Nigeria". Mouau.afribary.org, Mouau.afribary.org, 21 Jun. 2023. Web. 09 Oct. 2024. < https://repository.mouau.edu.ng/work/view/globalization-and-labour-market-activities-in-nigeria-7-2 >.
UNIVERSITY, MICHAEL. "Globalization And labour Market Activities In Nigeria" Mouau.afribary.org (2023). Accessed 09 Oct. 2024. https://repository.mouau.edu.ng/work/view/globalization-and-labour-market-activities-in-nigeria-7-2