THE IMPACT OF LABOUR MARKET CRISIS ON DEVELOPING ECONOMICS THE NIGERIA EXPERIENCE [1980- 2010]

ABSTRACT

This research work tries to investigate the impact of labour market crisis in developing economics using Nigeria as a case study .Using Nigeria as a case study. Using ordinary least square the study shows that there is a negative relationship between labour market crisis and economic growth; Also inflation was found to reduce production output and economic growth. Based on these findings this study recommends that government should apply reconciliation technique with labour unions so that production output would not be affected also policies such as unemployment benefit and reduction in wage inequality should be applied.