This research work investigates the impact of minimum wage fluctuation on growth of Nigeria economy. Determinants of labour market in Nigeria arising from the economic transformation in recent years, and how public policy affects in particular labour market outcomes. The result has shown that increase in minimum wage increase by l unit (1 million), increase real gross domestic product by 0.038million. Similarly, an increase composite consumer price index in by 1 unit (1 million) reduced RGDP by -55.063 (million) Increase in per capital income by I unit (1 million) increase RGDP by 4788.060million. Also increase in labour forces by 1 unit (1 million) reduced RGDP by 0.005million while increase in inflation rate by 1 unit (1 million) reduced RGDP by 0.035. This is in conformity with the theoretical expectation, since it believes that increase in minimum wages and per capital income supposed to increase the real gross domestic product of the country. And that, per capital income is the most significant. This would propel the economy to higher levels of productivity. There is need for government to create enabling environment which would encourage heavy investment in infrastructural foundation that can enhance labour productivity and induce growth.
Title Page
Certification
Dedication
Acknowledgement
Abstract
Table of Contents
CHAPTER ONE:
1.0 INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objective oft he Study
1.4 Justification for Study
1.5 Research Hypothesis
1.6 Scope of Study
CHAPTER TWO:
2.0 LITERATURE REVIEW
2.0 Introduction
2.1 Concept of Minimum Wage
2.2 Effect of Minimum Wage on Economic Growth in Nigeria
CHAPTER THREE:
2.0 RESEARCH METHODOLOGY
3.1 Introduction
3.2 Population of the Study
3.3 Source of Data
3.3.1Model Specification and Description of Variables
3.4 Procedure for Data Collection
3.5 Data Analysis
3.6 Methods of Data Analysis
3.7 Statistical Analysis of the Model
3.7.1 Statistical Criteria
CHAPTER FOUR:
4.0 ANALYSIS OF DATA AND INTERPRETATION
4.1 Introduction
4.2 Re-Specification of Hypothesis
4.2.1 Model Specification
4.4 Data Presentation
4.5 Result
4.6 Interpretation of Result
CHAPTER FIVE:
5.0 SUMMARY CONCLUSION AND RECOMMEDATION
5.1 Summary
5.2 Conclusion
5.3 Recommendation
Bibliography
Journal
Appendix
Impact Of Minimum Wage Fluctuation On Growth Of Economy. (n.d.). UniTopics. https://www.unitopics.com/project/material/impact-of-minimum-wage-fluctuation-on-growth-of-economy/
“Impact Of Minimum Wage Fluctuation On Growth Of Economy.” UniTopics, https://www.unitopics.com/project/material/impact-of-minimum-wage-fluctuation-on-growth-of-economy/. Accessed 19 September 2024.
“Impact Of Minimum Wage Fluctuation On Growth Of Economy.” UniTopics, Accessed September 19, 2024. https://www.unitopics.com/project/material/impact-of-minimum-wage-fluctuation-on-growth-of-economy/
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