IDEAS home Printed from https://ideas.repec.org/a/asi/aeafrj/v2y2012i7p813-827id933.html
   My bibliography  Save this article

Human Capital Development and Economic Growth: Empirical Evidence from Nigeria

Author

Listed:
  • Wakeel A Isola
  • R. A Alani

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.

Suggested Citation

  • Wakeel A Isola & R. A Alani, 2012. "Human Capital Development and Economic Growth: Empirical Evidence from Nigeria," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 2(7), pages 813-827.
    • Handle: RePEc:asi:aeafrj:v:2:y:2012:i:7:p:813-827:id:933
    as

    Download full text from publisher

    File URL: https://archive.aessweb.com/index.php/5002/article/view/933/1414
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Adenike Mosunmola Osoba & Sheriffdeen Adewale Tella, 2017. "Human Capital Variables and Economic Growth in Nigeria: An Interactive Effect," EuroEconomica, Danubius University of Galati, issue 1(36), pages 131-143, May.
    2. Funda Hatice Sezgin & Yunus Budak, 2022. "The Growth Impact of Human Development: A Developed- and Developing-Country Comparison," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 72(72-1), pages 81-104, June.
    3. God’stime Osekhebhen Eigbiremolen & Uchechi Shirley Anaduaka, 2014. "Human Capital Development and Economic Growth: The Nigeria Experience," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(4), pages 25-35, April.
    4. Adeyemi A. Ogundipe & Olasinde Mobolaji & Oluwatomisin M. Ogundipe, 2021. "An Analysis of the Effect of Human Capital Investment on Economic Development in Nigeria: Does a New Indicator Alter Existing Evidence?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(1), pages 17-29, January.
    5. Masagus M. Ridhwan & Peter Nijkamp & Affandi Ismail & Luthfi M.Irsyad, 2022. "The effect of health on economic growth: a meta-regression analysis," Empirical Economics, Springer, vol. 63(6), pages 3211-3251, December.
    6. Chinwuba Okafor & Ibrahim Shaibu, 2016. "Modelling Economic Growth Function in Nigeria: An ARDL Approach," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 3(1), pages 84-93.
    7. Ettah Bassey ESSIEN, 2016. "Population Growth and Economic Growth Performance in Nigeria (1981 – 2014)," Turkish Economic Review, KSP Journals, vol. 3(1), pages 143-159, March.
    8. Oluwatoyin A. Matthew & Christian U. Ede & Romanus Osabohien & Jeremiah Ejemeyovwi & Fagbeminiyi F. Fasina & Doris Akinpelumi, 2018. "Electricity Consumption and Human Capital Development in Nigeria: Exploring the Implications for Economic Growth," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 8-15.
    9. Ady Soejoto & Hendry Cahyono & Ni'matush Solikhah, 2017. "Effect of Solow Variable to the Economic Growth in Southeast Asia," International Journal of Economics and Financial Issues, Econjournals, vol. 7(2), pages 277-282.
    10. Abdalali Monsef & Abolfazl Shahmohammadi Mehrjardi, 2015. "Investigation Development Degree of Esfahan Province of Iran in Terms of Educational Indices," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 5(1), pages 37-44, January.
    11. Ehigiamusoe Ehigiamusoe, 2013. "Education, Economic Growth & Poverty Rate in Nigeria: Any Nexus?," Journal of Social and Development Sciences, AMH International, vol. 4(12), pages 544-553.
    12. Olawunmi Omitogun & Adenike M. Osoba & Sheriffdeen Adewale Tella, 2016. "An Interactive Effect of Human Capital Variables and Economic Growth in Nigeria," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 12(5), pages 108-119, OCTOBER.
    13. Adeeba Sarwar & Muhammad Azmat Hayat, 2021. "A Nexus among Institutions, Education and Economic Growth: An Analysis of Developing Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(1), pages 30-42, January.
    14. Maku Olukayode E. & Ajike Emmanuel O. & Chinedu Solomon, 2019. "Human Capital Development and Macroeconomic Performance in Nigeria: An Autoregressive Distributed Lag (ARDL) Approach," Valahian Journal of Economic Studies, Sciendo, vol. 10(1), pages 51-64, July.
    15. Anthony Orji & Jonathan E. Ogbuabor & Chikaodinaka Iwuagwu & Onyinye I. Anthony-Orji, 2020. "Analysis of Human Capital Development and Output Growth Nexus in Africa’s Most Populous Country: A New Evidence from ARDL Approach," Journal of Infrastructure Development, India Development Foundation, vol. 12(2), pages 105-118, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asi:aeafrj:v:2:y:2012:i:7:p:813-827:id:933. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Robert Allen (email available below). General contact details of provider: https://archive.aessweb.com/index.php/5002/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.