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Education Enrollment Rate vs Employment Rate: Implications for Sustainable Human Capital Development in Nigeria

Author

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  • Oluwabunmi O. Adejumo

    (Obafemi Awolowo University, Ile-Ife, Nigeria)

  • Simplice A. Asongu

    (Yaoundé, Cameroon)

  • Akintoye V. Adejumo

    (Obafemi Awolowo University, Ile-Ife, Nigeria)

Abstract

The study examines the dynamic interrelationships among the school enrolment rates and the rate of employment (via unemployment rates) in Nigeria. The study employed Autoregressive estimates and an unrestricted VAR approach to analyze these relationships. The study lends credence to the new-growth theory (i.e. endogenous models) that more investments in human capital, through education especially at higher levels, will allow human capital to evolve dynamically and increase long-run growth in Nigeria. This tendency engenders multiplier effects in stimulating sustainable development given that education-driven growth facilitates employment. The growth literature has been definitive on the role of human capital in achieving long-run economic growth. Therefore, investments in education have been identified as a vital channel for building human capital and achieving long run development objectives. Thus, in the nascent quest for sustainable development, this study takes the new growth theory a step higher by examining the modulating effects of educational-driven growth (i.e. via school enrolments rates) in setting the pace for employment patterns in Nigeria.

Suggested Citation

  • Oluwabunmi O. Adejumo & Simplice A. Asongu & Akintoye V. Adejumo, 2021. "Education Enrollment Rate vs Employment Rate: Implications for Sustainable Human Capital Development in Nigeria," Working Papers of the African Governance and Development Institute. 21/013, African Governance and Development Institute..
    • Handle: RePEc:agd:wpaper:21/013
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    Cited by:

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    2. Massimo Arnone & Barbara Angelillis & Alberto Costantiello & Angelo Leogrande, 2024. "Graduates, Training and Employment Across the Italian Regions," Working Papers hal-04597134, HAL.
    3. Roldán Villela & Juan Jacobo Paredes, 2022. "Empirical Analysis on Public Expenditure for Education, Human Capital and Economic Growth: Evidence from Honduras," Economies, MDPI, vol. 10(10), pages 1-13, October.
    4. Chimere O. Iheonu & Simplice A. Asongu, 2022. "Democracy and Lifelong Learning in Africa," Working Papers of the African Governance and Development Institute. 22/067, African Governance and Development Institute..
    5. Simplice Asongu, 2024. "Fighting female unemployment: the role of female ownership of bank accounts in complementing female inclusive education," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 13(3), pages 372-390, April.
    6. Simplice A. Asongu & Nicholas M. Odhiambo & Mushfiqur Rahman, 2024. "Information Technology, Inequality, and Adult Literacy in Developing Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3927-3945, March.
    7. Fredrick Nsambu Kijjambu & Benjamin Musiita & Asaph Kaburura Katarangi, 2024. "Human Capital Development and Unemployment in Uganda: The Keynesian Theory of Unemployment in Perspective," Journal of Economics and Behavioral Studies, AMH International, vol. 16(1), pages 94-108.
    8. Xianbo Li, 2022. "Sequence Model and Prediction for Sustainable Enrollments in Chinese Universities," Sustainability, MDPI, vol. 15(1), pages 1-25, December.
    9. Elvis D. Achuo & Simplice A. Asongu & Gildas D. Dinga, 2022. "Addressing the Educational Crisis in Cameroon: Policy Syndromes, Arguments, Views, Theory and Agenda," Working Papers of the African Governance and Development Institute. 22/097, African Governance and Development Institute..
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    11. Isiaka Akande Raifu & Joshua Adeyemi Afolabi, 2023. "The Effect of Financial Development on Unemployment in Emerging Market Countries," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 15(3), pages 354-384, September.

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    More about this item

    Keywords

    Education; Employment; Human Capital; Enrolment; Development;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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