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Analysis of ICT, Power Supply and Human Capital Development in Nigeria as an Emerging Market Economy

Author

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  • Orji Anthony

    (Department of Economics, University of Nigeria, Nsukka)

  • Ogbuabor Jonathan E.

    (Department of Economics, University of Nigeria, Nsukka)

  • Anthony-Orji Onyinye I.

    (Department of Economics, University of Nigeria, Nsukka)

  • Okoro Chinonso

    (Department of Psychology, University of Nigeria, Nsukka)

  • Osondu Daniel

    (University of Nigeria,Nsukka)

Abstract

This paper analyzed the impact of information and communication technology (ICT) and power supply on human capital development in Nigeria as an emerging market economy. The study adopted the Classical Linear Regression Model for the empirical analysis. The result showed that ICT, power supply (proxied by electricity consumption) and population impact positively on human capital development, while infant mortality has a negative impact on human capital development in Nigeria. The impact of ICT on school enrolment suggests that technology is fast evolving and new technologies are preferred to old ones. The study, therefore, recommended that Nigeria should follow in the trend of ICT globally in harnessing her human capital endowments. In conclusion, the Nigerian government should harness her ICT and electric power potentials and develop the human capital available to her to prevent the emigration of her human resource endowment to more resilient and promising economies.

Suggested Citation

  • Orji Anthony & Ogbuabor Jonathan E. & Anthony-Orji Onyinye I. & Okoro Chinonso & Osondu Daniel, 2020. "Analysis of ICT, Power Supply and Human Capital Development in Nigeria as an Emerging Market Economy," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 30(4), pages 55-68, December.
    • Handle: RePEc:vrs:suvges:v:30:y:2020:i:4:p:55-68:n:3
    DOI: 10.2478/sues-2020-0024
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    References listed on IDEAS

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    Cited by:

    1. Timothy Ayomitunde Aderemi & Oyegoke Adebusola Adebola & Wahid Damilola Olanipekun & Olaoye Olusegun Peter & Ayodeji Gbenga Bamidele & Azuh Dominic Ezinwa, 2021. "Human Capital Development, Energy Consumption and Crude Oil Exports in Nigeria: Implications for Sustainable Development," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 443-449.
    2. MT Musakwa & N.M. Odhiambo, 2021. "Energy Consumption and Human Development in South Africa: Empirical Evidence from Disaggregated Data," Working Papers AESRI-2021-12, African Economic and Social Research Institute (AESRI), revised Oct 2021.
    3. Omodero Cordelia Onyinyechi, 2022. "Fiscal Federalism, Tax Independence and Social Enhancement," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 32(4), pages 1-15, December.
    4. Musakwa Mercy T. & Odhiambo Nicholas M., 2022. "Energy Consumption and Human Development in South Africa: Empirical Evidence from Disaggregated Data," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 32(2), pages 1-23, June.
    5. Davidmac O. Ekeocha & Jonathan E. Ogbuabor & Anthony Orji, 2022. "Public infrastructural development and economic performance in Africa: a new evidence from panel data analysis," Economic Change and Restructuring, Springer, vol. 55(2), pages 931-950, May.
    6. Musakwa, Mercy T & Odhiambo, Nicholas M, 2021. "Energy consumption and human development in South Africa: Empirical evidence from disaggregated data," Working Papers 28233, University of South Africa, Department of Economics.
    7. Ekene ThankGod Emeka & Jonathan E. Ogbuabor & Emmanuel O. Nwosu, 2024. "Effects of public infrastructural development and industrialization on economic complexity in Africa: Emerging insight from panel data analysis," African Development Review, African Development Bank, vol. 36(1), pages 97-110, March.
    8. Mercy T. Musakwa & Nicholas M. Odhiambo, "undated". "Energy Consumption And Human Development In South Africa: Empirical Evidence From Disaggregated Data," Working Papers AESRI03, African Economic and Social Research Institute (AESRI).

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    More about this item

    Keywords

    Information and Communication Technology; Power Supply; Human Capital;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications

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