📄 Research Article
BIJESS Vol. 7, No. 9 (2020)
ECONOMIC GROWTH IN DEVELOPING COUNTRIES: THE ROLE OF HUMAN CAPITAL. A TIME BOUND TESTING APPROACH (1985-2018)
Achara Ogochukwu Larry 1 & Akpaetor Ubong Augustine 2 & Nwankwo Arinze Henry 3
1 Department of Management, Abia State University, Uturu, Nigeria
2 Department of Business Administration, Akwa Ibom State University
3 Department of Accounting, Abia State University, Uturu, Nigeria
2 Department of Business Administration, Akwa Ibom State University
3 Department of Accounting, Abia State University, Uturu, Nigeria
British International Journal of Education and Social Sciences,
Vol. 7, No. 9 (2020),
pp. 24-36 |
DOI:
Open Access
Peer Reviewed
Research Article
Abstract
The study assess the impact and roles of human capital formation on the economic growth in Nigeria from 1985-2018. The study made use of a time series of 35 years. The study empirical analysis investigated the stationary of the stated variables as seen in the model specification. The study also made use of the ARDL bound estimation techniques to ascertain if there exist a long and short run dynamic relationship between the human capital formation and the economic growth in Nigeria. The study therefore recommended that for the country (Nigeria) to achieve its needed economic growth, the economic policymakers should increase not just the amount spend on the educational sector but should also increase on the percentage of its total expenditure accorded to the sector. Moreover, improve personnel development in the health care and ensuring adequate distribution of health facilities within the federation is essentially imperative
Keywords:
Human capital formation, economic growth, expenditures on health and education, expenditure on life expectancy
📑 How to Cite This Article
APA 7th Edition:
Achara Ogochukwu Larry, Akpaetor Ubong Augustine, Nwankwo Arinze Henry (2020). ECONOMIC GROWTH IN DEVELOPING COUNTRIES: THE ROLE OF HUMAN CAPITAL. A TIME BOUND TESTING APPROACH (1985-2018). British International Journal of Education and Social Sciences, 7(9), 24-36. https://doi.org/
Achara Ogochukwu Larry, Akpaetor Ubong Augustine, Nwankwo Arinze Henry (2020). ECONOMIC GROWTH IN DEVELOPING COUNTRIES: THE ROLE OF HUMAN CAPITAL. A TIME BOUND TESTING APPROACH (1985-2018). British International Journal of Education and Social Sciences, 7(9), 24-36. https://doi.org/
Vancouver Style:
Achara Ogochukwu Larry, Akpaetor Ubong Augustine, Nwankwo Arinze Henry. ECONOMIC GROWTH IN DEVELOPING COUNTRIES: THE ROLE OF HUMAN CAPITAL. A TIME BOUND TESTING APPROACH (1985-2018). Br. Int. J. Educ. Soc. Sci.. 2020;7(9):24-36. DOI:
Achara Ogochukwu Larry, Akpaetor Ubong Augustine, Nwankwo Arinze Henry. ECONOMIC GROWTH IN DEVELOPING COUNTRIES: THE ROLE OF HUMAN CAPITAL. A TIME BOUND TESTING APPROACH (1985-2018). Br. Int. J. Educ. Soc. Sci.. 2020;7(9):24-36. DOI:
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