Advanced Search
MyIDEAS: Login to save this article or follow this journal

Human capital invesment and economic growth in Nigeria: The role of education and health


Author Info

  • Matthew A. Oluwatoyin

    (Department of Economics & Development Studies, College of Development Studies, Covenant University, Ota, Ogun State, Nigeria)

Registered author(s):


This study looked at Human Capital Investment And Economic Growth in Nigeria-the Role of Education. Even though there are different perspectives to economic growth,there is a general consesus that will lead to a good change manifested in increased capacity of people to have control over material assets, Intellectual resources and ideology, and obtain physical necessities of life like food, clothing, shelter, employment, e.t.c. This is why some people have argued that the purpose of growth is to improve people's lives by expanding their choices, freedom and dignity. The belief in human capital has increasingly attracted both academic and public interest. This study made use of the Unit Root and Augmented Dickey Fuller (ADF) tests and found out that a positive relationship exists between government expenditure on education and economic growth while a negative relationship exists between governament expenditure on health and economic growth. Therefore, based on these findings, the study recommended that the Government schould increase not just the amount of expenditure made on the education and health sectors, but also the percentage of its total expenditure accorded to these sectors. The ten percent benchmark proffered by the present national plan should be adopted.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: no

File URL:
Download Restriction: no

Bibliographic Info

Article provided by Faculty of Business and Administration, University of Bucharest in its journal Manager.

Volume (Year): 15 (2012)
Issue (Month): 1 (May)
Pages: 190-201

as in new window
Handle: RePEc:but:manage:v:15:y:2012:i:1:p:190-201

Contact details of provider:
Postal: Elisabeta Queen no. 4-12, Bucharest
Phone: 0040213104920
Fax: 0040213104920
Web page:
More information through EDIRC

Related research

Keywords: Human Capital Investment; Economic Growth; Education;


No references listed on IDEAS
You can help add them by filling out this form.



This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:but:manage:v:15:y:2012:i:1:p:190-201. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Cosmin Catalin Olteanu).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.