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Human Capital and Economic performance in Nigeria

Author

Listed:
  • Faizah Adhama Mukhtar

    (Federal University Dutse, Jigawa State)

  • Kabiru Sufi Sa’id

    (Kano State College of Education and Preliminary studies)

  • Hadiza Nasir Iro

    (Kano State College of Education and Preliminary studies)

Abstract

The study analyses the influence of human capital progress on economic performance in Nigeria using Endogenous Growth model and ARDL approach from 1981 to 2019. Data was obtained from central bank of Nigeria statistical bulletin and world development indicator. Long run estimate illustrates that capital expenditure on education accelerates economic progress, recurrent expenditure on education does not explain economic growth and population shrinks economic performance. Short run result also shows that capital expenditure on education is positive and significant in determining economic growth. On the contrary, recurrent expenditure on education do not impact significantly on economic growth. Therefore, based on the findings, the study recommends that in order to boost human capital and attain sustainable economic progress, budget allocation on capital expenditure on education should be increased and policy makers should design policies that will curb population growth such as limiting the number of child birth per couple and provision of free family planning tools.

Suggested Citation

  • Faizah Adhama Mukhtar & Kabiru Sufi Sa’id & Hadiza Nasir Iro, 2021. "Human Capital and Economic performance in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(1), pages 68-72, January.
    • Handle: RePEc:bcp:journl:v:5:y:2021:i:1:p:68-72
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    References listed on IDEAS

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    1. Biswajit Maitra & C.K. Mukhopadhyay, 2012. "Public spending on education, health care and economic growth in selected countries of Asia and the Pacific," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 19(2), pages 19-48, December.
    2. Lingaraj MALLICK & Devi Prasad DASH, 2015. "Does Expenditure on Education Affect Economic Growth in India? Evidence from Cointegration and Granger Causality Analysis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(605), W), pages 63-74, Winter.
    3. Heckman, James J. & Yi, Junjian, 2012. "Human Capital, Economic Growth, and Inequality in China," IZA Discussion Papers 6550, Institute of Labor Economics (IZA).
    4. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
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