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Lasbrey ANOCHIWA
Department of Economics and Development Studies, Alex Ekwueme Federal University Ndufu, Nigeria
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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A contribution to the human capital investment debate vis-à-vis economic growth: the case for Nigeria Lasbrey ANOCHIWA
Annals of Human Resource Management Research Vol. 1 No. 1 (2021): March
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (410.968 KB) | DOI: 10.35912/ahrmr.v1i1.364

Abstract

Purpose: Human capital development is essentially vital in enhancing economic growth and Nigeria needs to grow. This study investigates the contribution of human capital to growth in Nigeria. Research methodology: We have disaggregated the article's variables into different models, for a better result. We employed the Autoregressive Distribution Lag (ARDL) framework to examine the relationship between the variables. E-views software was used as applied in Akbari, Chude and Chude (2013). Result: The result shows that there exists a long-run relationship between the human capital indices, education and health in Nigeria and economic growth. Though the coefficient is positive but has a statistically insignificant relationship with human capital development and economic growth. Limitation: The study was hindered by the availability of data. Contribution: It is satisfactory to know from the study that human capital is still relevant in explaining growth in Nigeria. Keywords: Human capital, Economic growth, Development
A contribution to the human capital investment debate vis-à-vis economic growth: The case for Nigeria Lasbrey Anochiwa
Annals of Human Resource Management Research Vol. 1 No. 1 (2021): March
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/ahrmr.v1i1.364

Abstract

Purpose: Human capital development is vital for enhancing economic growth, and Nigeria needs to grow. This study investigates the contribution of human capital to Nigeria’s growth. Research Methodology: We disaggregated the article's variables into different models to obtain better results. We employed the Autoregressive Distribution Lag (ARDL) framework to examine the relationship between the variables. Results: The results show that there exists a long-run relationship between human capital indices, education, health, and economic growth in Nigeria. Although the coefficient is positive, it has a statistically insignificant relationship with human capital development and economic growth. Conclusions: Government spending on education and human capital development has a positive but insignificant impact on economic growth in both the short and long run, indicating insufficient investment. This highlights the need for stronger government focus on education and health to support sustainable economic growth. Limitations: The study was hindered by the limited availability and accessibility of reliable data, which may affect the accuracy and generalizability of the findings. Contributions: It is satisfactory to know from this study that human capital is still relevant in explaining growth in Nigeria.
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