Human Capital Formation and Economic Growth in Nigeria

Godwin Emmanuel Oyedokun and Ayodeji Babatope Adeyemi
Additional contact information
Godwin Emmanuel Oyedokun: Department of Accounting, Nasarawa State University, Keffi, Nasarawa State, Nigeria
Ayodeji Babatope Adeyemi: Department of Economics, Olabisi Onabanjo University, Ago-Iwoye, Nigeria

International Journal of Finance & Banking Studies, 2018, vol. 7, issue 3, 44-65

Abstract: This study investigates how the development of human capital is related to economic growth in Nigeria from 1980 to 2015. Data were sourced from the Central Bank of Nigeria and the National Bureau of Statistics. The study employed Augmented Dickey-Fuller (ADF) to estimate the relationship among the variables used in this study which revealed that there is a positive long-run relationship among public expenditure on education and health, total schoolenrolment, gross capital formation, employment rate, life expectancy rate and economic growth. The study recommended that the government should put in place the required education and training policy that would guarantee quality schooling for different level of education. Government should also commit more funds to health sector to enhance human capital formation. It was also recommended there should be more pragmatic means to develop human capabilities.

Keywords: Human Capital formation; Economic growth; Education; Government policy; Human capital (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.ssbfnet.com/ojs/index.php/ijfbs/article/view/37/186 (application/pdf)
https://www.ssbfnet.com/ojs/index.php/ijfbs/article/view/37 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rbs:ijfbss:v:7:y:2018:i:3:p:44-65

Access Statistics for this article

International Journal of Finance & Banking Studies is currently edited by Prof.Dr.Hasan Dincer

More articles in International Journal of Finance & Banking Studies from Center for the Strategic Studies in Business and Finance IJFBS Editorial Office, IMU, School of Business. Contact information at EDIRC.
Bibliographic data for series maintained by Hasan Dincer ().