Employment effects of technological innovation: Evidence from Nigeria’s economic sectors
Technological advancement continues to revolutionize the labor market and has particularly intensified the debate on its employment effect across developing and developed economies. Employing the Autoregressive Distributed Lag (ARDL) framework, this study provides insights into the employment-innova...
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| Format: | Article |
| Language: | English |
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University of Kragujevac
2023-04-01
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| Series: | Economic Horizons |
| Subjects: | |
| Online Access: | https://horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2023_1/EH_2023_1_en_2_JAA.pdf |
| _version_ | 1797685925492293632 |
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| author | Joshua Adeyemi Afolabi |
| author_facet | Joshua Adeyemi Afolabi |
| author_sort | Joshua Adeyemi Afolabi |
| collection | DOAJ |
| description | Technological advancement continues to revolutionize the labor market and has particularly intensified the debate on its employment effect across developing and developed economies. Employing the Autoregressive Distributed Lag (ARDL) framework, this study provides insights into the employment-innovation nexus across the Nigerian economic sectors using the quarterly data from 2011Q1 to 2021Q4. The findings reveal that the employment-innovation nexus is a short-run phenomenon in Nigeria and that technological innovation enhances employment generation in the service sector and the agricultural sector, but it takes a quarter before the positive employment effect occurs. Overall, the results suggest that technological innovation improves employment and reallocates labor across the sectors, which suggests the need to fully operationalize technological innovation across the Nigerian economic sectors in order to tackle the prevailing unemployment conundrum in the country.
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| first_indexed | 2024-03-12T00:58:16Z |
| format | Article |
| id | doaj.art-8e0c152c98c847d9a32aea24d7ac03c3 |
| institution | Directory Open Access Journal |
| issn | 1450-863X 2217-9232 |
| language | English |
| last_indexed | 2024-03-12T00:58:16Z |
| publishDate | 2023-04-01 |
| publisher | University of Kragujevac |
| record_format | Article |
| series | Economic Horizons |
| spelling | doaj.art-8e0c152c98c847d9a32aea24d7ac03c32023-09-14T12:18:28ZengUniversity of KragujevacEconomic Horizons1450-863X2217-92322023-04-0125131610.5937/ekonhor2301003AEmployment effects of technological innovation: Evidence from Nigeria’s economic sectorsJoshua Adeyemi Afolabi0Nigerian Institute of Social and Economic Research, Ibadan, NigeriaTechnological advancement continues to revolutionize the labor market and has particularly intensified the debate on its employment effect across developing and developed economies. Employing the Autoregressive Distributed Lag (ARDL) framework, this study provides insights into the employment-innovation nexus across the Nigerian economic sectors using the quarterly data from 2011Q1 to 2021Q4. The findings reveal that the employment-innovation nexus is a short-run phenomenon in Nigeria and that technological innovation enhances employment generation in the service sector and the agricultural sector, but it takes a quarter before the positive employment effect occurs. Overall, the results suggest that technological innovation improves employment and reallocates labor across the sectors, which suggests the need to fully operationalize technological innovation across the Nigerian economic sectors in order to tackle the prevailing unemployment conundrum in the country. https://horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2023_1/EH_2023_1_en_2_JAA.pdftechnological innovationsectoral employmentardllabor market |
| spellingShingle | Joshua Adeyemi Afolabi Employment effects of technological innovation: Evidence from Nigeria’s economic sectors Economic Horizons technological innovation sectoral employment ardl labor market |
| title | Employment effects of technological innovation: Evidence from Nigeria’s economic sectors |
| title_full | Employment effects of technological innovation: Evidence from Nigeria’s economic sectors |
| title_fullStr | Employment effects of technological innovation: Evidence from Nigeria’s economic sectors |
| title_full_unstemmed | Employment effects of technological innovation: Evidence from Nigeria’s economic sectors |
| title_short | Employment effects of technological innovation: Evidence from Nigeria’s economic sectors |
| title_sort | employment effects of technological innovation evidence from nigeria s economic sectors |
| topic | technological innovation sectoral employment ardl labor market |
| url | https://horizonti.ekfak.kg.ac.rs/sites/default/files/Casopis/2023_1/EH_2023_1_en_2_JAA.pdf |
| work_keys_str_mv | AT joshuaadeyemiafolabi employmenteffectsoftechnologicalinnovationevidencefromnigeriaseconomicsectors |