The nexus between human capital development and economic growth in Nigeria

Jesusetemi Oluwafemi, Esther T. Akinlabi, Pule Kholopane, Afolabi Babatunde, Oluwafemi Ifetayo

Research output: Contribution to journalConference articlepeer-review

1 Citation (Scopus)

Abstract

The impact of human capital development on the evolution procedure in whichever country or state is fundamental, which is the most valuable resource for poverty alleviation. The study tried to survey the nexus amid human capital development besides economic growth in Nigeria. The methodology adopted used secondary data that span a period of 198the 0 to 2016 from CBN ta time series data. This study did an extensive review of empirical studies, which unveils the elongated affiliation between government disbursement on the health sector, educational sector, and economic growth. Ordinary least square, Trend analysis, and the Johansen cointegration were used in the analysis of data. The independent variables were proxied using fixed capital formation, both post-primary and post-secondary enrolment rates, and education expenditure and health appear with a priori expectations with statistical significance (except government expenditure on primary enrolment level and education). The discoveries in this survey pose a great great to education and health policies. Hence, urgent attention needs to change the led towards accelerating growth process and liberate Nigeria's human capital from the phase of destitution, the research, therefore, recommends that the government expressly swing into action on progressive policies that support human capital development bearing in mind these sectors of the economy.

Original languageEnglish
Pages (from-to)1639-1648
Number of pages10
JournalProceedings of the International Conference on Industrial Engineering and Operations Management
Volume2018
Issue numberNOV
Publication statusPublished - 2018
EventProceedings of the International Conference on Industrial Engineering and Operations Management Pretoria, IEOM 2018 -
Duration: 29 Oct 20181 Nov 2018

Keywords

  • Economic growth
  • Human capital development
  • Johansen's cointegration
  • Ordinary least squares

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research
  • Control and Systems Engineering
  • Industrial and Manufacturing Engineering

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