An Evaluation of the Impact of Migration on Human Capital Development: Evidence from the ECOWAS

PhD Candidate Ifeanyi J. Ozulumba, Amaka Metu and Geraldine Nzeribe
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PhD Candidate Ifeanyi J. Ozulumba: Department of Economics, Nnamdi Azikiwe University Awka Nigeria
Geraldine Nzeribe: Department of Economics, Nnamdi Azikiwe University Awka Nigeria

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 7, 1086-1095

Abstract: Migration is recognized by many economists as a pathway to enhance living standards, yet its impact on human capital development, particularly within the ECOWAS region, remains underexplored. While prior research has predominantly examined the effects of migration on economic growth, production efficiency, and labour productivity, there exists a notable gap in understanding its effects on human capital development. Using the dynamic panel data technique within the framework of the generalized method of moment technique, the study examined the role of migration in human capital development in ECOWAS sub region over the period from 1996-2022. The study found a significant positive impact of migration, remittances and governance on human capital development. However, the impact of net-migration was negative. It concludes that migration imposes no direct cost on the government and should be encouraged. Based on the findings, the study recommends the formulation of an effective bilateral migration agreement within the ECOWAS region which should aim to facilitate skilled, semi-skilled, and low-skilled migration, accompanied by the implementation of coordinated training programs.

Date: 2024
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