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Does educational investment enhance capacity development for Nigerian youths? An autoregressive distributed lag approach

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  • Lotanna Ernest Emediegwu

Abstract

This paper employs the autoregressive distributed lag bound test and Nigerian time series data spanning 1980–2016 to provide empirical evidence on the educational financing—(youths) capacity development nexus via secondary school enrollment channel. The greatest factor that is pivotal to developing the capacity of Nigerian youths is investment in the quantity of education, and more significantly in its quality. The paper's main results show that budgetary allocation to education positively and significantly impacts secondary school enrollment, both in the long and short runs. Thererfore, the study recommends a substantial investment in the educational sector even if there has to be a trade‐off with other types of unproductive investment.

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  • Lotanna Ernest Emediegwu, 2020. "Does educational investment enhance capacity development for Nigerian youths? An autoregressive distributed lag approach," African Development Review, African Development Bank, vol. 32(S1), pages 45-53, November.
    • Handle: RePEc:bla:afrdev:v:32:y:2020:i:s1:p:s45-s53
    DOI: 10.1111/1467-8268.12481
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    References listed on IDEAS

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    Cited by:

    1. Ali Fakih & Nathir Haimoun & Anastasia Sleiman, 2022. "What drives demand for private tutoring in the Middle East and North Africa region? Evidence from a Youth Survey," African Development Review, African Development Bank, vol. 34(2), pages 268-279, June.

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