Employment intensity of the administration and social services sector of Nigerian Economy
Keywords:
Economic growth, Employment elasticity, Gross Value Added, Social Services SectorAbstract
The administration and social services sector of the Nigerian economy has emerged as a major contributor to aggregate employment, rising from 26.2 per cent to 41.2 per cent within the growth period between 1981 and 2014, an increase of 57.3 percent. This study investigated the employment intensity of gross value added growth in the sector during the period, using Vector Error Correction Model (VECM) with a view to providing useful information for sectoral employment strategy. The estimated employment elasticity of gross value added in the sector was not significant at 95 per cent confidence level, and can, therefore, not be relied upon for policy. However, the inter-sectoral relationships provided significant estimates, indicating that such relationships should be taken into account in designing and developing sectoral employment strategy for the administration and social services sector.
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