A dynamic analysis of education and economic growth in Nigeria
Ndem Ayara Ndiyo ()
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Ndem Ayara Ndiyo: University of Calabar, Nigeria
Journal of Developing Areas, 2007, vol. 41, issue 1, 1-16
Abstract:
The paper focuses on Nigeria, which has over the years invested substantially to improve the educational attainment of the labor force and to raise productivity but yet still faces declining real output and slow economic growth. The study observes that this puzzle is attributable to labor market distortions, redundancy of the workforce, benefit captured syndrome, industrial dispute and job discontinuities as well as leakages in the Nigerian society such as brain drain, among others. The paper further suggests the improvement of the education system, appropriate pricing of teachers labor and prevention of industrial disputes in order to upgrade and internalize the contributions of educational capital to economic growth in Nigeria.
Keywords: Education; Promise; Nigeria; Dynamic Analysis (search for similar items in EconPapers)
JEL-codes: C87 H52 O12 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:jda:journl:vol.41:year:2007:issue1:pp:1-16
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