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Dynamic Linkage Between Economic Growth and Human Development: Time Series Evidence from Nigeria

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  • Sydney Chikalipah
  • Godwin Okafor

Abstract

A consensus among academics and policymakers holds that investing in human development not only improves lives, but also by itself promotes stellar economic growth. We investigate these claims by estimating the two‐way causality between economic growth and human development in Nigeria over the period from 1961 to 2015. By employing three statistical frameworks (Gregory–Hansen Cointegration, Stock–Watson Dynamic Ordinary Least Square and Vector Error Correction Model), our estimates suggest the following. First, economic growth and human development share a long run relationship, that is, they are cointegrated. Second, despite the two variables sharing a long run relationship, only economic growth can exercise a positive effect on human development, and no evidence of reverse causality was observable. Far importantly, we prescribe a policy recommendations from these findings. © 2018 John Wiley & Sons, Ltd.

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  • Sydney Chikalipah & Godwin Okafor, 2019. "Dynamic Linkage Between Economic Growth and Human Development: Time Series Evidence from Nigeria," Journal of International Development, John Wiley & Sons, Ltd., vol. 31(1), pages 22-38, January.
    • Handle: RePEc:wly:jintdv:v:31:y:2019:i:1:p:22-38
    DOI: 10.1002/jid.3390
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    Cited by:

    1. Gibogwe, Vincent & Nigo, Ayine & Kufuor, Karen, 2022. "Institutional Quality And Economic Growth In Tanzania," MPRA Paper 115400, University Library of Munich, Germany.
    2. Betul Can & Zahoor Ahmed & Mahmood Ahmad & Muhlis Can, 2022. "Do renewable energy consumption and green trade openness matter for human well-being? Empirical evidence from European Union countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(3), pages 1043-1059, December.
    3. Gibogwe, Vincent & Nigo, Ayine R.S. & Kufuor, Karen, 2022. "Institutional Quality and Economic Growth in Tanzania," MPRA Paper 115486, University Library of Munich, Germany, revised 28 Nov 2022.
    4. Hashemizadeh, Ali & Bui, Quocviet & Zaidi, Syed Anees Haider, 2022. "A blend of renewable and nonrenewable energy consumption in G-7 countries: The role of disaggregate energy in human development," Energy, Elsevier, vol. 241(C).

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