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Crowding-In and Crowding-Out Effects of Recurrent and Capital Expenditure on Human Capital Development in Nigeria

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  • Richardson Kojo Edeme
  • Nelson C Nkalu

Abstract

It has been argued that public expenditure on education and health is a veritable tool in improving human capabilities. Expenditure on these sectors is categorized into recurrent and capital. While capital expenditure can go a long way in enhancing the productivity capacity, recurrent expenditure is for non-productive activities. Available statistics however shows that in Nigeria, emphasis has been on recurrent expenditure at the detriment of capital expenditure. This study therefore employed multiple regression to ascertain how this pattern of expenditure crowd-in and crowd-out human capital development in Nigeria using capital and recurrent expenditure on education and health. The estimated models reveal that both capital and recurrent expenditure crowd-in and crowd-out human capital development. This outcome therefore suggests a new expenditure framework that refocuses more on capital expenditure than recurrent expenditure.

Suggested Citation

  • Richardson Kojo Edeme & Nelson C Nkalu, 2016. "Crowding-In and Crowding-Out Effects of Recurrent and Capital Expenditure on Human Capital Development in Nigeria," Asian Development Policy Review, Asian Economic and Social Society, vol. 4(3), pages 65-73.
    • Handle: RePEc:asi:adprev:v:4:y:2016:i:3:p:65-73:id:390
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    Cited by:

    1. Obioma O. Ajaero & Ngozi G. Iheduru & Ifeoma, G. Nwachukwu, 2024. "Public Expenditure and Human Development in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(5), pages 97-111, May.
    2. Oseni, Isiaq Olasunkanmi & Oyelade, Aduralere O., 2023. "Effect of Capital Expenditure on Unemployment Rate in Nigeria," African Journal of Economic Review, African Journal of Economic Review, vol. 11(3), June.
    3. Iliyasu, Ibrahim & Gambo, Suleman Lawal, 2021. "Does Debt Servicing Crowd-Out Federal Government Expenditures in Nigeria?," African Journal of Economic Review, African Journal of Economic Review, vol. 10(1), December.

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