Investment in Education and Economic Growth in Nigeria:an Empirical Approach

Simple item page
dc.contributor.authorDauda, R.O.S
dc.date.accessioned2016-08-29T10:11:32Z
dc.date.available2016-08-29T10:11:32Z
dc.date.issued2010
dc.descriptionTo access the full text of this article, kindly contact the University Librarian- Dr. Olukemi Fadehan via the administrators: Dr. Yetunde Zaid (yzaid@unilag.edu.ng) or Dr. Christopher Okiki (cokiki@unilag.edu.ng) of the University of Lagos Library.en_US
dc.description.abstractThe crucial role education plays in the overall development of a nation cannot be overemphasized. It is not only seen as a key to poverty reduction and vehicle for promoting equity, fairness and social justice but also helps to supply the essential human capital which is a necessary condition for sustained economic growth. Thus, enhancing effective investment on education has been a tenet of growth and development strategies of most countries. The basic objective of this paper is to carry out an empirical investigation on the relationship between investment in education and economic growth in Nigeria, using annual time series data from 1977 to 2007. The paper employs Johansen cointegration technique and error correction methodology. Empirical results indicate that there is, indeed a long-run relationship between investment in education and economic growth. All the variables including, labour force, gross fixed capital formation and educational capital appear with the expected positive signs and are statistically significant (except labour force) in the Nigerian economy. The findings have a strong implication on educational policy in Nigeria. The study seems to suggest that a concerted effort should be made by policy makers to enhance educational investment in order to accelerate growth which would engender economic development.en_US
dc.identifier.citationDauda, R.O.S (2010) Investment in Education and Economic Growth in Nigeria: an Empirical Approach. International Research Journal of Finance and Economics Volume 55.en_US
dc.identifier.issn14502887
dc.identifier.urihttp://connection.ebscohost.com/c/articles/76473389/investment-education-economic-growth-nigeria-empirical-evidence
dc.identifier.urihttp://ir.unilag.edu.ng:8080/xmlui/handle/123456789/964
dc.language.isoenen_US
dc.publisherEurojournals Publishing Inc.en_US
dc.subjectEducationen_US
dc.subjectEconomic Growthen_US
dc.subjectEconomic Developmenten_US
dc.titleInvestment in Education and Economic Growth in Nigeria:an Empirical Approachen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Investment in Education and Economic Growth in Nigeria An Empirical Evidence.pdf
Size:
5.86 KB
Format:
Adobe Portable Document Format
Description:
Abstract
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Economics-Scholarly Publications