Institutional Quality, Development Strategies and Productive Employment Growth: Evidence from Nigeria

Institutional Quality, Development Strategies and Productive Employment Growth: Evidence from Nigeria

Author by Mr. Olanrewaju Gideon

Journal/Publisher: Journal Of Good Governance And Sustainable Development In Africa (jggsda)

Volume/Edition: 6

Language: English

Pages: 1 - 16

Abstract

The paper examined the structural linkage between institutional quality, financial inclusion and
productive employment growth in Nigeria during the period 1998-2017, employing Auto-regressive
Distributed Lag (ARDL) bounds testing to cointegration technique. The results of the relationship
between institutional quality and inclusive growth showed that institutional quality had an overall
significant impact on the real GDP per person employed. Contrary to its a-priori expectation, the
technology choice index was positively signed, while all other explanatory variables were found to
exert a positive statistically significant impact on inclusive growth in Nigeria both in the short-run
and the long-run. The findings of the analysis show that the state institutions remains the major
reference point in the conceptualization of a dynamic inclusive growth. Given her relatively labourabundant resource endowment, building certain degrees of institutional capacity and character is
much needed to harness the conversion of the nation’s socio-economic potentialities into realities of
sustainable broad-based productive employment growth. Therefore, a comparative advantage
conforming development strategy should become the policy priority of the Nigerian government. This
would lift millions out of poverty and bridge the long standing huge inequality gaps amongst the
citizens.
 


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