Human Capital, structural change and economic growth developing countries: the case of Nigeria

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dc.contributor.authorLawanson, O.I.
dc.contributor.authorEvans, O.
dc.date.accessioned2019-09-12T09:11:50Z
dc.date.available2019-09-12T09:11:50Z
dc.date.issued2019
dc.descriptionStaff publicationsen_US
dc.description.abstractThe objective of this study is to determine if structural change plays a role in the relationship between human capital and economic growth in developing countries. The case study is Nigeriafor the period 1981 to 2016 using Solow- Swan model and dynamic OLS. The study shows that the effect of human capital on growth is more significant when the country enters into the kind of structural change which demands for highly skilled labour. The traditional share of the value added has significant negative relationship with GDP growth, implying that economic growth is higher when the share of traditional activities is less. Further, the diversification of exports has a significant and positive effect on GDP growth, implying that a key factor for higher growth is the capacity of entrepreneurs to introduce new exportables via new investments in modern activities. The effect of human capital on growth is greater when diversification is higher and the share of the traditional activities is less. The implication is that, the change from traditional activities such as agriculture to modern industries has a significanten_US
dc.identifier.citationLawanson, O.I. and Evans, O. (2019). Human Capital, structural change and economic growth developing countries: the case of Nigeria. Economics of Human resource: issues, challenges and opportunities.en_US
dc.identifier.isbn978-978-56596-0-3
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/5499
dc.language.isoenen_US
dc.publisherUniversity of Lagos Press and Bookshopen_US
dc.subjectHuman capitalen_US
dc.subjectStructural changeen_US
dc.subjectEconomic growthen_US
dc.subjectNigeriaen_US
dc.titleHuman Capital, structural change and economic growth developing countries: the case of Nigeriaen_US
dc.typeBook chapteren_US
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