Human Capital Development and Economic Growth: Empirical Evidence from Nigeria

The study examined the contribution of different measures of human capital development to economic growth in Nigeria. It used data from Nigeria and adopted the growth account model which specifies the growth of GDP as a function of labour and capital. The model also included a measure of policy refo...

Full description

Saved in:
Bibliographic Details
Published in:Asian economic and financial review 2012-11, Vol.2 (7), p.813
Main Authors: Isola, Wakeel A, Alani, R A
Format: Article
Language:English
Subjects:
Developing countries
Economic growth
Education
Expenditures
Growth models
Health services
Human capital
Knowledge
Labor force
LDCs
Quality of education
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The study examined the contribution of different measures of human capital development to economic growth in Nigeria. It used data from Nigeria and adopted the growth account model which specifies the growth of GDP as a function of labour and capital. The model also included a measure of policy reforms. Based on the estimated regression and a descriptive statistical analysis of trends of government commitment to human capital development, it was found that though little commitment had been accorded health compare to education, empirical analysis showed that both education and health components of human capital development are crucial to economic growth in Nigeria.
ISSN:2305-2147
2222-6737