Financial Development, Human capital Accumulation and Economic Growth: Empirical Evidence from Nigeria

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dc.contributor.authorAkeredolu, M.
dc.contributor.authorSaibu, O.
dc.date.accessioned2021-12-31T18:21:26Z
dc.date.available2021-12-31T18:21:26Z
dc.date.issued2019
dc.descriptionScholarly articlesen_US
dc.description.abstractIn recent times, much attention is given to the financial development-growth nexus, but via the physical capital accumulation channel. This study differed by examining this nexus, via the human capital accumulation channel. The paper examined the effects of human capital accumulation and financial development on economic growth in Nigeria. Growth models that incorporated financial development and human capital accumulation variables were specified and estimated. The study using the cointegration regression approach revealed results that showed financial development has significantly improved human capital development and in turn, human capital development was found to be a fundamental driver of economic growth in Nigeria. The policy implication from the findings of the study implies that policy options that stimulate financial development can indirectly enhance human capital development and also enhance the financial development-growth nexusen_US
dc.identifier.citationAkeredolu M.O and Saibu M.O (2019) Financial Development, Human capital Accumulation and Economic Growth: Empirical Evidence from Nigeria in Economics of Human Resources: Issues, Challenges and Opportunities: A Festschrift in honour of Professor Folayan Ojo Edited by Lawanson I.O & Nwakeze N,M Chapter 4 Pp 39-56en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/9851
dc.language.isoenen_US
dc.publisherDepartment of Economics, University of Lagosen_US
dc.subjectFinancial developmenten_US
dc.subjectHuman capital developmenten_US
dc.subjectEconomic growthen_US
dc.subjectNigeriaen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCESen_US
dc.titleFinancial Development, Human capital Accumulation and Economic Growth: Empirical Evidence from Nigeriaen_US
dc.typeBook chapteren_US
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