Record Details

Trade Policy Reforms and Sectoral Employment in Nigeria

African Journal of Economic Policy

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Field Value
 
Title Trade Policy Reforms and Sectoral Employment in Nigeria
 
Creator Folawewo, AO
Olakojo, SA
 
Subject —
 
Description Trade policy change concomitant with aggressive outward orientation was a major bedrock of Structural Adjustment Programme (SAP) adopted by Nigeria in 1986. Trade reform has clear implications for the overall economic performance, in terms of either employment creation or destruction as well as labour reallocation. Against this backdrop, this study examined the empirical relationship between trade liberalisation and sectoral employment in Nigeria using time-series macroeconomic data from 1986 to 2008. Three key sectors of the economy covered by the study are manufacturing, agriculture and services.The study employed Ordinary Least Squares to measure the impacts of trade liberalisation on sectoral employment. The result revealed that the trade liberalisation impact on employment differed across sectors; and that trade reforms have no significant effect on sectoral employment during the period covered. The study recommended that trade liberalisation should be embedded in a coherent set of macroeconomic, structural and social policies in order to be successful in terms of employment generation. Also, active labour market policies should be put in place and underscored to facilitate adjustment to changes in production structure brought about by trade and trade reforms.Keywords: Trade liberalisation, Sectoral employment, Ordinary least squares, Serial correlation.JEL Classification: F16, J21, J23.
 
Publisher Department of Economics, University of Ibadan
 
Contributor —
 
Date 2014-02-21
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ajol.info/index.php/ajep/article/view/101354
10.4314/ajep.v16i1.48817
 
Source African Journal of Economic Policy; Vol 19, No 1 (2012); 51-80
1116-4875
 
Language eng
 
Relation http://www.ajol.info/index.php/ajep/article/view/101354/90544
 
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