THE EFFECT OF FEDERAL EXPENDITURE AND MONEY SUPPLY ON THE RATE OF UNEMPLOYMENT (1989-2000)

ABSTRACT

This study is motivated by the fact that federal expenditure and money supply as a tool on the rate of unemployment. But to which extent, these instrument have contributed either to worsen the problem of unemployment or alleviate it.
To investigate this problem, two hypotheses were formulated as follows.
Ho:    There is no relationship between money supply and             unemployment.
Hi:    There is no relationship between federal expenditure         and unemployment.
    In testing the hypothesis, secondary data was used and analyzed using regression and correlation analysis as well as student t-test. The following are summary of the major findings from the analysis carried out in the study.
    Federal expenditure and money supply contributed little to the reduction on the rate unemployment between (1980-2000).
 The package of National directorate of employment programme concerning encouragement and generation of employment opportunities for most especially school teachers from secondary school and graduate from higher institution seems to be less vigorous since 1992 till date.The inability of government of both federal and state levels to lift embargo on public sector employment from (1994 to August 1999) could be partly responsible for the high level of graduate unemployment in the Urban areas.On the strength of the findings, the following recommendations were made.The use of these tools (federal expenditure and money supply) need to be reviewed to enhance their potential for addressing the rate of unemployment.Alternative tools may be used to complement federal expenditure and money supply towards the alleviation on the rate of unemployment.The tool thrust should be the establishment of most micro-credit scheme to assist enterprising unemployed people to set on micro business across the country.There is need to build up human capital, this mean improving the knowledge, shall, capacities and the mental and physical conditions of the masses.
  



TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENT

CHAPTER ONE
1.1    Background of the study
1.2    Statement of the problem
1.3    Objective of the study
1.4    Scope of the study
1.5    Research hypothesis.
1.6    Significance of the study
1.7    Limitation of study
1.8    Definitions of basic concepts.
    Reference  
CHAPTER TWO
2.0    Review of Literature
2.1    Theoretical Literature
2.2    Empirical Literature
2.3    References

CHAPTER THREE
3.0    Research deign and methodology
3.1    Model specification
3.2    Area of study/coverage
3.3    Source of data / analytical techniques
3.4    Decision rule

CHAPTER FOUR
4.0    Presentation and analysis of data
4.1    Presentation data
4.2    Presentation of table
4.3    Interpretation of table
4.4    Test of hypothesis
4.5    Reference.

CHAPTER FIVE
5.0    Summary of findings
5.1    Conclusion
5.2    Recommendation
5.3    Suggestion for further research
5.4    Bibliography