Human Capital Development and Macroeconomic Performance in Nigeria: An Autoregressive Distributed Lag (ARDL) Approach

Maku Olukayode E. (), Ajike Emmanuel O. and Chinedu Solomon
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Maku Olukayode E.: Olabisi Onabanjo University, Nigeria
Chinedu Solomon: Babcock University, Nigeria

Valahian Journal of Economic Studies, 2019, vol. 10, issue 1, 51-64

Abstract: While developed and most developing nations have seen the need and continue to invest heavily in the development and training of her manpower as shown by huge budgetary allocations to education and health, Nigeria continues to play politics with her human capital development policy which has been poor and only been effective on paper despite the huge outlay of human capital available at our disposal. This study therefore examined the impact of human capital development on the macroeconomic performance of Nigeria. Using autoregressive distributed lagged model, the study proxied human capital development using government expenditure on education, government expenditure on health, secondary school enrolment rate, and school enrolment rate at tertiary level, while per capita GDP was used as proxy variable for measuring macroeconomic performance.

Keywords: School enrolment; health; education; per capita income; Nigeria (search for similar items in EconPapers)
JEL-codes: E62 H51 H52 O40 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:vaecst:v:10:y:2019:i:1:p:51-64:n:5

DOI: 10.2478/vjes-2019-0005

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