Capital Accumulation and Labour Productivity Growth in Nigeria

Ibukunoluwa Awotunde
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Ibukunoluwa Awotunde: Department of Economics, Faculty of the Social Sciences, University of Ibadan, Nigeria

International Journal of Economics and Financial Research, 2018, vol. 4, issue 6, 171-179

Abstract: This study evaluates the role of capital accumulation on labour productivity growth in Nigeria. Endogenous growth and efficiency wage theories are employed in explaining the determinants of labour productivity. The ordinary least squares method of estimation employed to evaluate the effect of capital accumulation on labour productivity and employment generation in Nigeria over the time frame of 1970-2014. The findings of this study include: education expenditure and capital formation’s impact on labour productivity growth is time dependent; health expenditure positively impacts labour productivity growth; compensation to employee negatively impacts productivity growth in Nigeria.

Keywords: Capital accumulation; Labour productivity growth; Physical capital; Human capital. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:arp:ijefrr:2018:p:171-179

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