Oluwatobi, S. A and Ogunrinola, I. O.
(2011)
Government Expenditure on Human Capital Development:
Implications for Economic Growth in Nigeria.
Journal of Sustainable Development, Vol. 4 (No. 3).
Abstract
This study examines the relationship between human capital development efforts of the Government and
economic growth in Nigeria. It seeks to find out the impact of government recurrent and capital expenditures on
education and health in Nigeria and their effect on economic growth. The data used for the study are from
secondary sources while the augmented Solow model was also adopted. The dependent variable in the model is
the level of real output while the explanatory variables are government capital and recurrent expenditures on
education and health, gross fixed capital formation and the labour force. The result shows that there exists a
positive relationship between government recurrent expenditure on human capital development and the level of
real output, while capital expenditure is negatively related to the level of real output. The study recommends
appropriate channeling of the nation’s capital expenditure on education and health to promote economic growth.
Keywords: Human capital development, Capital and recurrent expenditure, Economic growth
JEL Classification: H5, O43
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