SOCIO-ECONOMIC IMPLICATIONS OF INDUSTRIAL UNREST IN NIGERIA: A COINTEGRATION AND CAUSALITY TEST

SOCIO-ECONOMIC IMPLICATIONS OF INDUSTRIAL UNREST IN NIGERIA: A COINTEGRATION AND CAUSALITY TEST

Author by Dr. Nanle Magaji

Journal/Publisher: Cedsaf Journal Of Business And Economy

Volume/Edition: 6

Language: English

Pages: 104 - 115

Abstract

Nigeria has witnessed a plethora of trade disputes rather than peaceful industrial relations. The pattern of industrial relations has been conflictual with disruptive consequences and significant work-hour losses due to work stoppages. Thus, this study examines the socio-economic implications of industrial unrests in the Nigerian economy within a period of 24 years i.e. 1990-2013. It tests for unit root, cointegration, multiple regression estimation, post-estimation and causal relations among capital, work stoppage, workers involved, trade dispute, man-day lost and per-capita income. There exist a long-run relationship between industrial unrest factors and welfare measured by per-capita income. The Granger causality test result shows a bi-casual relation exists between capital and per capita income, as other industrial unrest factors were found to have no causal relation with welfarism in Nigeria. The results further revealed that capital, work stoppage and workers involved exert positive influence on socio-economic development measured by per capita income in Nigeria. Thus, trade dispute and man-day lost are found to exert negative effect on socio-economic development measured by per capita income. Moreover, government are to promptly review, negotiate and implement collective agreements entered with workers concerning improvements in wages and general working conditions. Keywords


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