An Economic Assessment Model of Employment Dynamics, Capacity Development and Household Telecommunication Expenditure in Nigeria

Abstract

This article emphasizes the use of mathematical logic in scientifically examining and explaining the economic challenge of massive youth employment crisis, under capacity development and unbridled household consumption of telecommunication services.  The proposed model is called GSM-EMCAD.  The major finding of the paper is that training or capacity development in telecommunication is a key factor that can expand employment opportunities in this 21^st century and beyond, implying that youth employment and loss of growth opportunities in Nigeria can be explained by the rapid innovation in global system for mobile telecommunication and the mismatch between market realities and labour skills set as opposed to many other factors highlighted in literature.  The motivation is that in a knowledge-based economy, the spillover effects from investment in GSM telecommunication and people keep generating returns. Examples are GSM telecommunications hardware and software, and other high-tech industries, play a particularly important role here.

Keywords: Telecommunication, Employment and Labour

JEL Classification 014

DOI: 10.7176/JESD/11-4-12

Publication date: February 29^th 2020