Economic Growth Induction Through Human Capital Development in Nigeria (original) (raw)
The study empirically investigated the induction of economic growth through human capital development for a period of thirty three years (1988-2020). The study employed the Ordinary Least Square (OLS) regression model to analyze the data and discovered the growth in GDP were accounted for by the Human Development Index (HDI), Education Expenditure of Government (EEG), Health Expenditure of Government (HEG), Life Expectancy (LEXP), and Gross Capital Formation (GCAPF). EEG and HEG had greater impact on economic growth than the other variables. The study concluded that all variables are responsible for the growth in GDP with EEG and HEG having the greatest influence. It recommended that education and health sector budget be increased significantly to ensure steady economic growth among others.
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