The place of human capital development in today's economy: further evidence from Nigeria Online publication date: Sun, 14-Jun-2015
by God'stime Osekhebhen Eigbiremolen
African J. of Economic and Sustainable Development (AJESD), Vol. 4, No. 2, 2015
Abstract: The place of human capital development in today's economy cannot be over-emphasised. This study uses the augmented Solow human-capital-growth model to empirically determine its role in enhancing economic performance in Nigeria as well as relate the findings to similar studies in Sub-Sahara Africa countries. The results indicate that gross total capital formation, total stock of human capital and total government health expenditure are all significant growth drivers. However, the contribution of total government education expenditure to growth remains meagre in relations to other variables within the periods under review. The elasticity of output with respect to the explanatory variables returns relatively inelastic measures for all the variables.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the African J. of Economic and Sustainable Development (AJESD):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com