An ARDL Bound Approach to the Nexus of Minimum Wage Increase and Economic Growth in Nigeria

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dc.contributor.authorHabiba Mohammed-Bello Umar
dc.contributor.authorMusa Abdullahi Sakanko
dc.contributor.authorMusa Salihu Ewugi
dc.contributor.authorAbubakar Alhaji Sadiq
dc.date.accessioned2025-05-02T16:23:19Z
dc.date.issued2022
dc.description.abstracthis 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.
dc.identifier.urihttp://repository.futminna.edu.ng:4000/handle/123456789/1665
dc.language.isoen
dc.publisherLAFIA JOURNAL OF ECONOMICS AND MANAGEMENT SCIENCES
dc.subjectAutoregressive Distributive Lag
dc.subjectGross Domestic Product
dc.subjectMinimum wage
dc.titleAn ARDL Bound Approach to the Nexus of Minimum Wage Increase and Economic Growth in Nigeria
dc.typeArticle

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