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Human Capital Development and Economic Growth in Nigeria

Authors: BINUYO Babatunde , BINUYO Adekunle , Feyisayo, O. Ogunrinde

Publication Type: Journal article

Journal: International Journal Of Research And Scientific Innovation (ijrsi)

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Abstract

This study investigated the impact of human capital
development on economic growth in in Nigeria from 1988 to
2017. Secondary data sourced from Central Bank of Nigeria
Statistical Bulleting covering a scope of 30 years (1980-2017)
were used and the Ordinary Least Square Technique was used to
analyse the data for purposes of testing the hypothesis. The study
adopted real gross domestic product as the dependent variable
while recurrent expenditure on health and recurrent expenditure
on education were the independent variables.
The Augmented Dickey-fuller and Phillips-Perron unit
root tests were adopted to obtain the stationarity of the variables
and the results showed all the variables were stationary at first
difference.
In conclusion, the study showed that recurrent expenditure on
health had a positive effect on economic growth while recurrent
expenditure on education had a positive relationship on
economic growth in Nigeria.
The study therefore recommends that policy makers
should strive to create institutional framework that increases
school enrolment and improves basic healthcare services by
strengthening the infrastructure of educational and health
institutions that produce quality manpower.

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BINUYO,B. BINUYO,A. Feyisayo,,O.O . (2019). Human Capital Development and Economic Growth in Nigeria, 6 (), 71-71.

BINUYO,B. BINUYO,A. Feyisayo,,O.O . "Human Capital Development and Economic Growth in Nigeria" 6, no (), (2019): 71-71.

BINUYO,B. and BINUYO,A. and Feyisayo,,O.O and . (2019). Human Capital Development and Economic Growth in Nigeria, 6 (), pp71-71.

BINUYOB, BINUYOA, Feyisayo,OO, . Human Capital Development and Economic Growth in Nigeria. 2019, 6 ():71-71.

BINUYO,Babatunde , BINUYO,Adekunle , and Feyisayo,,O. Ogunrinde . "Human Capital Development and Economic Growth in Nigeria", 6 . (2019) : 71-71.

B.Babatunde B.Adekunle & F.O. Ogunrinde , "Human Capital Development and Economic Growth in Nigeria" vol.6, no., pp. 71-71, 2019.

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