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Human Capital Development and Economic Growth: Empirical Evidence from Nigeria

Wakeel A. Isola and R. A Alani
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Wakeel A. Isola: Economics Department, University Lagos, Lagos, Nigeria
R. A Alani: Educational Administration Department, University of Lagos, Lagos, Nigeria

Asian Economic and Financial Review, 2012, vol. 2, issue 7, 813-827

Abstract: The study examined the contribution of different measures of human capital development to economic growth in Nigeria. It used data from Nigeria and adopted the growth account model which specifies the growth of GDP as a function of labour and capital. The model also included a measure of policy reforms. Based on the estimated regression and a descriptive statistical analysis of trends of government commitment to human capital development, it was found that though little commitment had been accorded health compare to education, empirical analysis showed that both education and health components of human capital development are crucial to economic growth in Nigeria.

Keywords: Human capital; Economic Growth; Nigeria. (search for similar items in EconPapers)
Date: 2012
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