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Impact of human capital development on economic growth: Empirical evidence from Nigeria

The human capital development of a country is measured using health and education. The need to provide healthy and competent manpower for nation development has been at the forefront of policy makers especially in developing countries. There have been public outcries over the poor funding of health...

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Main Authors: Abdulmalik, Tijani Amoto, Aliyu, Mujahid
Format: Conference or Workshop Item
Language:English
Published: 2020
Subjects:
HC Economic History and Conditions
Online Access:http://repo.uum.edu.my/28046/1/INSORPAD%202020%20483%20494.pdf
http://repo.uum.edu.my/28046/
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spelling my.uum.repo.280462020-12-31T01:58:44Z http://repo.uum.edu.my/28046/ Impact of human capital development on economic growth: Empirical evidence from Nigeria Abdulmalik, Tijani Amoto Aliyu, Mujahid HC Economic History and Conditions The human capital development of a country is measured using health and education. The need to provide healthy and competent manpower for nation development has been at the forefront of policy makers especially in developing countries. There have been public outcries over the poor funding of health and education sectors in Nigeria. Though, there are a lot of literature's on the impact of government expenditure on economic growth but consensus has not been reached from empirical findings about the nature of the relationship. It is on this note the study examined the impact of government sectoral expenditure on economic growth using evidence from ARDL approach. The study used secondary data sourced from CBN statistical bulletin from 1981-2017. The study adopted ARDL and bound testing econometric approach. The ARDL short run result revealed that government health expenditure (GHEXP) has inverse and insignificant effect on economic growth (RGDP). In addition, government education expenditure (GEEXP) revealed positive but insignificant effect on economic growth for the period under study. However, the result from the long run bound testing was declared inconclusive in line with the bound testing decision criteria. The study recommended among other things that government should improve the funding of education in order to provide quality and affordable education for the citizens so as to produce competent manpower that will contribute to the economic growth in Nigeria. 2020-10-14 Conference or Workshop Item PeerReviewed application/pdf en http://repo.uum.edu.my/28046/1/INSORPAD%202020%20483%20494.pdf Abdulmalik, Tijani Amoto and Aliyu, Mujahid (2020) Impact of human capital development on economic growth: Empirical evidence from Nigeria. In: The International Seminar on Regional Politics, Administration and Development 2020 (INSORPAD2020), 14-15 October 2020, STISIPOL Raja Haji, Riau, INDONESIA.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Abdulmalik, Tijani Amoto
Aliyu, Mujahid
Impact of human capital development on economic growth: Empirical evidence from Nigeria
description The human capital development of a country is measured using health and education. The need to provide healthy and competent manpower for nation development has been at the forefront of policy makers especially in developing countries. There have been public outcries over the poor funding of health and education sectors in Nigeria. Though, there are a lot of literature's on the impact of government expenditure on economic growth but consensus has not been reached from empirical findings about the nature of the relationship. It is on this note the study examined the impact of government sectoral expenditure on economic growth using evidence from ARDL approach. The study used secondary data sourced from CBN statistical bulletin from 1981-2017. The study adopted ARDL and bound testing econometric approach. The ARDL short run result revealed that government health expenditure (GHEXP) has inverse and insignificant effect on economic growth (RGDP). In addition, government education expenditure (GEEXP) revealed positive but insignificant effect on economic growth for the period under study. However, the result from the long run bound testing was declared inconclusive in line with the bound testing decision criteria. The study recommended among other things that government should improve the funding of education in order to provide quality and affordable education for the citizens so as to produce competent manpower that will contribute to the economic growth in Nigeria.
format Conference or Workshop Item
author Abdulmalik, Tijani Amoto
Aliyu, Mujahid
author_facet Abdulmalik, Tijani Amoto
Aliyu, Mujahid
author_sort Abdulmalik, Tijani Amoto
title Impact of human capital development on economic growth: Empirical evidence from Nigeria
title_short Impact of human capital development on economic growth: Empirical evidence from Nigeria
title_full Impact of human capital development on economic growth: Empirical evidence from Nigeria
title_fullStr Impact of human capital development on economic growth: Empirical evidence from Nigeria
title_full_unstemmed Impact of human capital development on economic growth: Empirical evidence from Nigeria
title_sort impact of human capital development on economic growth: empirical evidence from nigeria
publishDate 2020
url http://repo.uum.edu.my/28046/1/INSORPAD%202020%20483%20494.pdf
http://repo.uum.edu.my/28046/
_version_ 1688550421809856512
score 13.211869

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