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Article
Inequality in the Income and Wealth Distribution: Nigerian Experience
Author(s)
Baba Madu
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DOI:10.17265/1537-1514/2023.01.003
Affiliation(s)
National, Energy and Environment Department, National Bureau of Statistics, Abuja, Nigeria
ABSTRACT
This research investigates the inequality in income and wealth distribution in Nigeria from 2010-2021. Auto-regressive distribution lags model (ARDL) based on the unit root and granger casualty test was used to determine effect of four major factors: literacy rate, life expectancy rate, poverty rate, and unemployment rate on real gross domestic product (RGDP) which represents economic growth. The findings from the empirical point of view show a positive relationship of gross domestic product (GDP) with poverty rate, per capita income while literacy rate, life expectancy rate, and unemployment rate show a negative relationship with gross domestic product (GDP). Also, poverty rate, literacy rate, life expectancy, and unemployment rate are all not significant at all levels of significance.
KEYWORDS
inequality, poverty and wealth distribution
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