Poverty and Non-inclusive Growth in Nigeria
DOI:
https://doi.org/10.37134/jcit.vol13.1.5.2023Keywords:
Non-inclusive growth, Poverty, Trickle-down effect, ARDLAbstract
The paper examines the impact of poverty on non-inclusive growth using the Autoregressive Distributed Lag regression analysis on data collected from the Central Bank of Nigeria and the World Bank database from 1981 to 2020. The obtained result indicates that the initial economic growth level does not result in poverty reduction, while a positive change in economic growth results in poverty reduction. The paper concluded that inclusive economic growth is significant for poverty reduction when it increases employment and improves opportunities for productive activities among the poor. The article recommended measures, such as stable macroeconomic policies, huge investment in agriculture, infrastructural development, and good governance to sustain the inclusive economic growth rate and reduce poverty in Nigeria.
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