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 language | English |
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Pages (from-to) | 1639-1648 |
Number of pages | 10 |
Journal | Proceedings of the International Conference on Industrial Engineering and Operations Management |
Volume | 2018 |
Issue number | NOV |
Publication status | Published - 2018 |
Event | Proceedings of the International Conference on Industrial Engineering and Operations Management Pretoria, IEOM 2018 - Duration: 29 Oct 2018 → 1 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