Browsing by Author "Musa Salihu Ewugi"

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    An ARDL Bound Approach to the Nexus of Minimum Wage Increase and Economic Growth in Nigeria
    (LAFIA JOURNAL OF ECONOMICS AND MANAGEMENT SCIENCES, 2022) Habiba Mohammed-Bello Umar; Musa Abdullahi Sakanko; Musa Salihu Ewugi; Abubakar Alhaji Sadiq
    his study examined the impact of the national minimum wage on economic growth in Nigeria. The Autoregressive Distributed Lag (ARDL) model of econometric technique was employed to analyse the data, keeping GDP as the dependent variable and minimum wage as the independent variable. The study revealed that increment in minimum wage was positive and significant in both the long and short run to GDP, implying that an increase in minimum wage will raise the economic growth rate. Therefore, the three tiers of government and the private sector in Nigeria should implement and upgrade to the new National Minimum Wage of N30, 000 to improve the income and capacity of low-skilled employees to enhance their economic growth.
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    AN EVALUATION OF THE IMPACT OF THE INFORMAL SECTOR ON ECONOMIC GROWTH IN NIGERIA USING ERROR CORRECTION MODEL (ECM) 1985 - 2014
    (Lapai International Journal of Administration, 2017) Musa Abdullahi Sakanko; Musa Salihu Ewugi
    Nigeria with a population of over 160 million people has the highest numbers of workers in the informal sector in Africa. Informal sector therefore, plays a significant role in the Nigerian economy for it creates employment and reduces poverty. This study therefore, examines evolution of the impact of the informal sector on economic growth in Nigeria from 1985 to 2014, using Error Correction model (ECM) to analyze the data. The result reveals that informal sector has long-run and positive relationship with economic growth but statistically insignificant. Based on these findings, the study recommends fiscal regulation and employment policies to foster economic growth and development. And thereby, concludes that informal economy is a source of income but it is difficult to ascertain its contribution to economic growth and development of Nigeria in the short run.