1st African International Conference on Industrial Engineering and Operations Management

The Nexus Between Human Capital Development and Economic Growth in Nigeria

jesusetemi oluwafemi, Afolabi Babatunde & IFETAYO OLUWAFEMI
Publisher: IEOM Society International
0 Paper Citations
Track: Operations Management

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 the 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.

KEYWORDS: Ordinary Least Squares, Johansen’s cointegration, Human Capital Development, Economic Growth

Published in: 1st African International Conference on Industrial Engineering and Operations Management, Johannesburg, South Africa

Publisher: IEOM Society International
Date of Conference: October 30-1, 2018

ISBN: 978-1-5323-5947-7
ISSN/E-ISSN: 2169-8767