Labour Force Participation Rate and it Implications on Food Security, Fertility Rate and Economic Growth in West African Monetary Zone (WAMZ) Countries

Aduralere Oyelade, Onome Bright Oghenetega () and Favour Eforuoku ()
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Onome Bright Oghenetega: Pan African University, Institute of Earth and Life Sciences (including Agriculture and Health), University of Ibadan, Nigeria
Favour Eforuoku: Department of Agricultural Extension and Rural Development, Faculty of Agriculture and Forestry, University of Ibadan, Nigeria

Business & Management Compass, 2020, issue 4, 444-458

Abstract: The study investigated the impact of labour force participation rate and its implications on food security, fertility rate and economic growth in the West African Monetary Zone (WAMZ). Using data from 6 countries over the period of 1990 tî 2016 and pool autoregressived³str³butåd làg (PÀRDL) bîunds tåst³ng ðrîñådurå was employed. The result from the study showed that female labour force participation and health expenditure per capita determine food security and male labour force participation, female labour force participation, gross capita formation, health education per capita and enrolment in secondary education are the variables that determine fertility rate, while male labour force participation, female labour force participation, health expenditure per capita and enrolment in secondary education affect GDP per capita. The study recommended that policies should be directed toward increasing female labour force participation which will compliment male labour force participation as well as increase decent and productive work opportunities for female workers which will promote GDP per capita, leading to reduction in fertility rate and promote food security among member countries. Furthermore, family-friendly policies will further encourage females to participate in the labour market. Therefore, more efforts should be made to promote female labour force participation as the entire WAMZ countries will benefit from the growth and welfare improvement that it will generate. WAMZ countries governments need buildtheircapacity through investment in health and education in order to enhance productivity of the labour force which will lead to economic growth, reduction in fertility rate as well as promote food security.This study has contributed empirically and theoretically to the body of knowledge. The scope covered also makes the study uniquely robust and different from previous ones.

Keywords: Cooperative Societies; operational performance; business survival; micro scale business (search for similar items in EconPapers)
JEL-codes: A12 C23 F43 J13 Q18 (search for similar items in EconPapers)
Date: 2020
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