Human capital and economic growth in Nigeria

Abstract The study empirically examines the nexus between human capital and economic growth in Nigeria between 1981 and 2017. This is predated by poor policy impact across the key sectors of the economy, such as education and health that would have transformed productivity to economic in Nigeria. In...

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Autor principal:	Sunday Anderu Keji
Formato:	article
Lenguaje:	EN
Publicado:	SpringerOpen 2021
Materias:	Human capital Economic growth Policy Business HF5001-6182 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/40eccd0ce8744953a38b843940804dc0
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spelling	oai:doaj.org-article:40eccd0ce8744953a38b843940804dc02021-11-21T12:07:06ZHuman capital and economic growth in Nigeria10.1186/s43093-021-00095-42314-7210https://doaj.org/article/40eccd0ce8744953a38b843940804dc02021-11-01T00:00:00Zhttps://doi.org/10.1186/s43093-021-00095-4https://doaj.org/toc/2314-7210Abstract The study empirically examines the nexus between human capital and economic growth in Nigeria between 1981 and 2017. This is predated by poor policy impact across the key sectors of the economy, such as education and health that would have transformed productivity to economic in Nigeria. In order to address this ugly happening, the study therefore employed vector autoregressive and Johansen techniques. The results disclosed that the estimated coefficients of human capital have long-run significant impact on economic growth in Nigeria. Also, the diagnostic tests were used to check the validity of the techniques adopted in the study. Interestingly, results from normality test, VEC residual serial correlation LM tests and VEC residual heteroskedasticity tests confirm the justification and validity of the estimated results obtained in this research. Drawing way forward, this study therefore recommends the need to sustain economic in Nigeria through increase budgetary allocation to education and health sector to boost human capital skills needed to drive knowledge-based economy. Also, government should establish special agencies with the responsibility of improving the skills and capabilities of human capital across all educational levels of the federation so as to sustain growth in the long run.Sunday Anderu KejiSpringerOpenarticleHuman capitalEconomic growthPolicyBusinessHF5001-6182FinanceHG1-9999ENFuture Business Journal, Vol 7, Iss 1, Pp 1-8 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Human capital Economic growth Policy Business HF5001-6182 Finance HG1-9999
spellingShingle	Human capital Economic growth Policy Business HF5001-6182 Finance HG1-9999 Sunday Anderu Keji Human capital and economic growth in Nigeria
description	Abstract The study empirically examines the nexus between human capital and economic growth in Nigeria between 1981 and 2017. This is predated by poor policy impact across the key sectors of the economy, such as education and health that would have transformed productivity to economic in Nigeria. In order to address this ugly happening, the study therefore employed vector autoregressive and Johansen techniques. The results disclosed that the estimated coefficients of human capital have long-run significant impact on economic growth in Nigeria. Also, the diagnostic tests were used to check the validity of the techniques adopted in the study. Interestingly, results from normality test, VEC residual serial correlation LM tests and VEC residual heteroskedasticity tests confirm the justification and validity of the estimated results obtained in this research. Drawing way forward, this study therefore recommends the need to sustain economic in Nigeria through increase budgetary allocation to education and health sector to boost human capital skills needed to drive knowledge-based economy. Also, government should establish special agencies with the responsibility of improving the skills and capabilities of human capital across all educational levels of the federation so as to sustain growth in the long run.
format	article
author	Sunday Anderu Keji
author_facet	Sunday Anderu Keji
author_sort	Sunday Anderu Keji
title	Human capital and economic growth in Nigeria
title_short	Human capital and economic growth in Nigeria
title_full	Human capital and economic growth in Nigeria
title_fullStr	Human capital and economic growth in Nigeria
title_full_unstemmed	Human capital and economic growth in Nigeria
title_sort	human capital and economic growth in nigeria
publisher	SpringerOpen
publishDate	2021
url	https://doaj.org/article/40eccd0ce8744953a38b843940804dc0
work_keys_str_mv	AT sundayanderukeji humancapitalandeconomicgrowthinnigeria
_version_	1718419180826394624

Human capital and economic growth in Nigeria

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