EFFECTS OF MORBIDITY, POPULATION GROWTH AND EDUCATION ENROLMENT ON ECONOMIC GROWTH IN NIGERIA

Oyerinola, David Sunday () and Muhammed, Ismail Aremu ()
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Oyerinola, David Sunday: Department of Economics Faculty of Social Sciences, Postal: University of Ilorin, Ilorin, Nigeria., https://fssunilorinedu.org/ijbss/index.php
Muhammed, Ismail Aremu: Department of Economics Faculty of Social Sciences, Postal: University of Lagos, Akoka, Nigeria., https://fssunilorinedu.org/ijbss/index.php

Ilorin Journal of Business and Social Sciences, 2020, vol. 22, issue 1, 112-125

Abstract: The main thrust of this paper is to investigate the effects of morbidity, population growth and education enrolment on economic growth in Nigeria, using data for the period of 1981-2019. The basic macroeconomic variables adopted are real gross domestic product (RGDP), Education enrolment (EDUR), Total Federal government expenditure on Education (EEXP), Stock of Physical Capital (GCF), and Inflation rate (INF). The paper applied Granger Causality test to identify the relationship between the variables and ARDLmodel. The empirical results indicated that, there is a unidirectional causality running from each of education expenditure, school enrolment and gross capital formation to economic growth (RGDP). Population growth and education enrolment recorded the highest impact on economic growth during the period reviewed. Ayear lag of education enrolment poses positive impact on economic growth. The entire variable significantly affects economic growth. The policy implication and suggestion is that greater resources should be committed to education and health sectors in view of the fact that a healthy and well-educated labour force is a prerequisite for the attainment of economic growth.

Keywords: Morbidity; Population growth; Education Enrolment; Economic Growth; Inflation. (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ilojbs:0058

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