Time Series Analysis of Human Capital Development and Economic Performance; A Recent Evidence from Nigeria
Journal Title: International Journal of Multidisciplinary Research and Analysis - Year 2023, Vol 6, Issue 04
Abstract
Human capital development holds the key to the growth and development of any economy in the world as it drives the efficiency of other factors of production. This scenario is not the same when viewed in terms of Nigeria's growth trajectory. It is against this backdrop that the paper investigates the effect of human capital development on Nigeria's economic growth. Time series data were used and the data spanning from the period of 1986 – 2020. The variables employed in the study are GDP proxy for Economic growth, while GEE, GEH, and ALR as explanatory variables. ARDL bound testing Model was used to estimate the relationship between the variables and the result uncovered the GEE had a negative and insignificant impact on economic growth in Nigeria, while GEH and ALR had a positive and significant impact on economic progress within the study period and it was recommended that Government should promote practice-oriented training for students, particularly in technical disciplines and matching education system in line with market demand. The government should increase budgetary allocation to meet up with the United Nations' specifications of 26% for the edifice of successful human capacity development in Nigeria.
Authors and Affiliations
Chaku Shammah Emmanuel Ph. D. , Timnan Bindap Ndam, Azi Istifanus Madaki, Jeremiah Nshe Manomi, Ajang Janet Daniel , Diemsan Attah Ambrose
Keywords
Related Articles
- EP ID EP715522
- DOI 10.47191/ijmra/v6-i5-02
- Views 81
- Downloads 0
Wages Divergence and Malfeasance with Tea Garden Workers in Bangladesh: A Comparative Analysis with Suggestion for the Policymakers
The research "Wages Divergence and Malfeasance with Tea Garden Workers in Bangladesh: A Comparative Analysis with Suggestions for Policymakers" aims to explore the wage disparity and malpractice issues among tea garden w...
Humans in the Perspective of Tarbawi's Hadith and Interpretation
In living a human life, the Al-Qur'an must always guide Muslims. Therefore, humans in carrying out the educational process are always guided by the Al-Qur'an. In the Al-Qur'an, it is revealed that humans are present on t...
Research and Development of Human Resource Management System at SMP Dharma Wirawan 08 Donomulyo
This research aims to develop a Human ReSource Management system at SMP Dharma Wirawan 08 Donomulyo. This Research and Development uses the Design Based Research method with the following steps: (1) Problem Identificatio...
Mas Nganten's Discourse in Gadis Pantai Novel Works by Pramoedya Ananta Toer (Michel Foucault’s Critical Discourse Perspective)
The existence of the novel Gadis Pantai, is a form of a record of Pramoedya Ananta Toer's long journey full of information and factual data derived from in-depth research and experiences deeply rooted in his thinking so...
The Portrayal of the Student Movement's History in the Novel Laut Bercerita by Leila S. Chudori: A New Historicism Study
This study intends to describe the form and historical portrayal of the student movement during the reform era in Laut Bercerita by Leila S. Chudori. This is an interpretive qualitative study employing the knife analysis...