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Title: | Income Inequality Effects of Globalization in Oil-Rich Nigeria: Evidence from Time Series |
Authors: | Nwokoye, Ebele Stella Ezeaku, Nnenna Nneka Uwajumogu, Nkechinyere R. |
Keywords: | Globalization FDI inflow Income inequality Nigeria Productivity Wage |
Issue Date: | 2019 |
Publisher: | American Journal of Economics |
Citation: | American Journal of Economics; 9(1): 1-10 |
Abstract: | Incidences of rising income inequality in Nigeria have raised questions on its link with globalization. Using quarterly time-series data on an empirical model which is hinged on Stolper-Samuelson theorem, the Johnson co-integration test and error correction model showed that globalization, technology and foreign direct investment significantly heightened income inequality while that of productivity significantly diminished income inequality in Nigeria in the long-run. This study recommends support for domestic entrepreneurship through import substitution and export promotion strategies so that Nigeria to enjoy gains from globalization. Furthermore, increased access to public service such as health care and high quality education among the poor and vulnerable is desirable for sustained increase in labour productivity. |
Description: | scholarly work |
URI: | DOI: 10.5923/j.economics.20190901.01 http://repository.unizik.edu.ng/handle/123456789/682 |
Appears in Collections: | Scholarly Works |
Files in This Item:
File | Description | Size | Format | |
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NWOKOYE EBELE STELLA 12.pdf | 278.97 kB | Adobe PDF | View/Open |
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