Open Access Original Research Article

Impact of Foreign Direct Investment on Employment and Unemployment Rate in Nigeria: Application of Vector Autoregression(VAR) Models (1960-2014)

Ajayi, Abdulhakeem, Rafiu Olayinka Akano, Samuel Olorunfemi Adams

Asian Journal of Advanced Research and Reports, Page 1-15
DOI: 10.9734/ajarr/2019/v6i130141

Unemployment is one of the major problem affecting Nigeria’s economy and its’ society, the rate of unemployment have increased over the years. This study’s aim is to investigate the impact of Foreign Direct Investment (FDI) on the employment and unemployment rate in Nigeria. The study useyearly data on employment and unemployment rate collected from CBN Statistical Bulletin, National Bureau of Statistics and World Bank Indicators for the period 1960 – 2014 to achieve its objective and all analysis were done with E-view 9.5. The study employ Vector Autoregression (VAR) to model the employment and unemployment rate in Nigeria. The findings of the study suggested that FDI had a significant and positive impact on employment, FDI Granger-cause employment, employment Granger-cause FDI, unemployment Granger-cause employment and employment also Granger-cause unemployment. Also unemployment Granger-cause FDI and FDI Granger-cause unemployment.This implied that FDI has a significant role on employment rate in Nigeria and this should not be minimized. The study therefore recommended that policies should be formulated to exploit the role of FDI on employment in Nigeria, in an attempt to reduce the unemployment rate.

Open Access Original Research Article

Spatial Assessment of Urban Facilities and Services in Port Harcourt Metropolis, Nigeria

Collins H. Wizor, Elekwachi Wali

Asian Journal of Advanced Research and Reports, Page 1-12
DOI: 10.9734/ajarr/2019/v6i130142

The rapid increase in both urban and rural populations in Rivers State has led to the problem of inadequate availability of urban facilities and social services thus giving rise to social disparity and unequal access to these basic facilities and services by people of the same population spectrum. Empirical research has shown that the problems of social disparity (inequality) particularly in urban areas are on the increase and is gaining global and local attention. Despite the efforts of successive governments in the study area to combat this social problem, it is still raising its head in form of unequal access to educational facilities, health care, urban housing, good roads, and emergency services. This study, therefore, spatially assessed urban facilities and services in Port Harcourt metropolis, Nigeria.  The mixed research method was adopted. However, the sampling size for the study comprises of 160 users of these urban facilities/services and staff of the facilities who were also interviewed. Data for the study were analyzed using descriptive statistical tools while Chi-square (X2) method of analysis was used to validate the research hypothesis. The result of the study revealed that accessibility to urban facilities and services is contingent on the level of income of residents in Port Harcourt Metropolis. The result further showed that the accessibility level to urban facilities and services varies across the sampled urban neighbourhoods. Arising from the above, the researchers recommended the deliberate formulation and implementation of policies targeted at eliminating the increasing inequality in access to urban facilities and services in Port Harcourt metropolis and the urgent need to increase the number of basic socio-economic, health, educational and recreational facilities/services to serve the increasing population in the metropolis.

Open Access Original Research Article

Compensation Strategy as an Alternative Paradigm to Employee Performance: An Empirical Evidence from Nigerian Breweries PLC

Sajuyigbe, Ademola Samuel, A. Adesola Michael, Omotoso Olanrewaju

Asian Journal of Advanced Research and Reports, Page 1-8
DOI: 10.9734/ajarr/2019/v6i130143

The study examines the influence of compensation on employee’s performance with particular reference to Nigerian Breweries Plc. Purposive sample technique was adopted to select 5 staff members each from the marketing department, quality control department, procurement department, human resources department and legal department and production department, totaling 60 participants as a sample size for the study. Data analysis was performed with the aid of mean, standard deviation and linear regression. The results reveal that the level of compensation and performance is manageable. The result also show that compensation has a significant impact on the employee performance. The study concludes that compensation strategy is a major predictor of employee performance. Therefore, study recommends that Nigerian breweries and other manufacturing firms in Nigeria should re-appraise their compensation programs within the context of their corporate strategy and specific human resource strategy to ensure that they are consistent with the necessary performance measures required by the manufacturing sector.

Open Access Original Research Article

On Generalized Third-Order Pell Numbers

Yüksel Soykan

Asian Journal of Advanced Research and Reports, Page 1-18
DOI: 10.9734/ajarr/2019/v6i130144

In this paper, we investigate the generalized third order Pell sequences and we deal with, in detail, three special cases which we call them third order Pell, third order Pell-Lucas and modified third order Pell sequences. We present Binet’s formulas, generating functions, Simson formulas, and the summation formulas for these sequences. Moreover, we give some identities and matrices related with these sequences.

Open Access Original Research Article

Social Dynamics in the Workplace: Does Social Support Enhance Thriving at Work of Newbie Employees in the Private Sector?

Joe-Akunne, Chiamaka O., Etodike, Chukwuemeka E., Okonkwo, Kizito I.

Asian Journal of Advanced Research and Reports, Page 1-9
DOI: 10.9734/ajarr/2019/v6i130145

Newly employed workers (newbies) usually find it difficult acclimatizing with their new life at work. Although modern-day organizations acknowledge this and attempt to buffer their stress; however, it is not known if social support dimensions can help their course. The objective of this study is to ascertain which dimensions of social support will predict thriving of newbie employees. Being the background to the study, responses of 274 newly employed workers (183 males and 91 females) aged 28yrs to 52yrs with mean age of 38.50 and SD = 2.20 were drawn as sample from universities in Anambra State, Nigeria were elicited. Mult-stage sampling technique was utilize in the selection of the participants’ institutions, faculties, departments and offices while a simple random sampling was used to selected actual participants from their offices. The study was anchored on Cohen and McKay’s Stress Buffering theory which emphasized that without buffering, work strain and stress may ultimately reduce workers’ thriving. The design of the study was correlational and multiple regression statistics was used to test the predictive influence of social support dimensions on thriving at work. The result of the analysis confirmed the three dimensions of social support (family support, friends’ support and significant others’ support) as predictors of thriving at work at β = .54, p < .05 for family support, β = .49, p < .05 for friends support and β = .37, p < .05 for significant others’ support (n = 274). The result accounted for 42.5% explanation of predictors of thriving at work among newbie employees. It is recommended that organizational climate be designed to provide more buffers to pressures of work especially for newly employed workers in order to boost their adaptability and effectiveness.