Determinants of Economic Growth Differential in Rural Nigeria

Adigun Grace, T and Awoyemi Taiwo, T and Omonona Bolarin, T (2011) Determinants of Economic Growth Differential in Rural Nigeria. Determinants of Economic Growth Differential in Rural Nigeria, 4 (4). pp. 50-58. ISSN 1554-0200

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Abstract

Increasing income inequality and poverty continue to be the most challenging economic problem facing most developing countries including Nigeria. It has been observed that inequality in Nigeria is mainly through income differential. Mean earnings also differ greatly across groups defined by occupation, gender, education, experience, and other observed traits. The paper explores the extent to which a set of factors determine income growth differential in rural Nigeria between 1996 and 2004 using the National Consumer Survey data of 1996 and 2003/2004 National Living Standard Survey dataset. The two periods have sample sizes of 11,577 and 22,000 respectively. Oaxaca-Blinder decomposition approach was used to estimate the contribution of selected factors to the growth differential between the two periods. From the decomposition results, the key determinants of growth for both periods respectively were: age of household head (0.011, 0.199); house unit type (0.038, 0.032); education status (0.129, 0.141); and weekly hours of work (0.183×10-4, 0.002). Others were Gender, (-0.117, -0.213); and household size (-0.044, -0.140). [Adigun Grace Toyin, Awoyemi Taiwo Timothy, Omonona Bolarin T. Determinants of Economic Growth Differential in Rural Nigeria. New York Science Journal 2011;4(4):50-58]. (ISSN: 1554-0200). http://www.sciencepub.net/newyork. Keywords: Growth, Inequality, Per Capita Expenditure, Rural Nigeria, Oaxaca-Blinder Decomposition.

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