HUMAN CAPITAL DEVELOPMENT AND ECONOMIC GROWTH: EMPIRICAL EVIDENCE FROM NIGERIA
Journal Title: Asian Economic and Financial Review - Year 2012, Vol 2, Issue 7
Abstract
The study examined the contribution of different measures of human capital development to economic growth in Nigeria. It used data from Nigeria and adopted the growth account model which specifies the growth of GDP as a function of labour and capital. The model also included a measure of policy reforms. Based on the estimated regression and a descriptive statistical analysis of trends of government commitment to human capital development, it was found that though little commitment had been accorded health compare to education, empirical analysis showed that both education and health components of human capital development are crucial to economic growth in Nigeria.
Authors and Affiliations
Wakeel A. Isola| Economics Department, University Lagos, Lagos, Nigeria, R. A Alani| Educational Administration Department, University of Lagos, Lagos, Nigeria
Keywords
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