Abdulmalik, Tijani Amoto and Aliyu, Mujahid (2020) Impact of human capital development on economic growth: Empirical evidence from Nigeria. In: The International Seminar on Regional Politics, Administration and Development 2020 (INSORPAD2020), 14-15 October 2020, STISIPOL Raja Haji, Riau, INDONESIA.

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Abstract

The human capital development of a country is measured using health and education. The need to provide healthy and competent manpower for nation development has been at the forefront of policy makers especially in developing countries. There have been public outcries over the poor funding of health and education sectors in Nigeria. Though, there are a lot of literature's on the impact of government expenditure on economic growth but consensus has not been reached from empirical findings about the nature of the relationship. It is on this note the study examined the impact of government sectoral expenditure on economic growth using evidence from ARDL approach. The study used secondary data sourced from CBN statistical bulletin from 1981-2017. The study adopted ARDL and bound testing econometric approach. The ARDL short run result revealed that government health expenditure (GHEXP) has inverse and insignificant effect on economic growth (RGDP). In addition, government education expenditure (GEEXP) revealed positive but insignificant effect on economic growth for the period under study. However, the result from the long run bound testing was declared inconclusive in line with the bound testing decision criteria. The study recommended among other things that government should improve the funding of education in order to provide quality and affordable education for the citizens so as to produce competent manpower that will contribute to the economic growth in Nigeria.

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	eISBN 978-967-16057-8-3 Jointly organized by: Stisipol Raja Haji, Tanjungpinang, Indonesia School of Government, Universiti Utara Malaysia
Uncontrolled Keywords:	Economic growth, health expenditure, education expenditure, ARDL Model, Nigeria
Subjects:	H Social Sciences > HC Economic History and Conditions
Divisions:	School of Government
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	31 Dec 2020 01:58
Last Modified:	31 Dec 2020 01:58
URI:	https://repo.uum.edu.my/id/eprint/28046

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