International Research Journal of Business Studies
Vol. 16 No. 2 (2023): August - November 2023

Industrial Sector Performance, Human Capital Development and Economic Growth in Nigeria

Adeosun, Theophilus Oluyemi (Unknown)
Odior, Simeon Ernest (Unknown)
Shittu, Ibrahim Ayodele (Unknown)
Adegbite, Waliu Mulero (Unknown)



Article Info

Publish Date
30 Dec 2023

Abstract

This study examines the relationship between industrial sector performance (ISP), human capital development (HCD), and economicgrowth (EG) in Nigeria. Data used in this study was obtained from World Development Indicators (WDI) and Penn World from 1981 to 2020 on GDP/capita, human capital index, and industrial output. The augmented Dickey-Fuller (ADF) test was applied to obtain the stationarity conditions of the variables before performing the autoregressive distributed lag test to determine the short- and long-run relationships among the variables. The study reveals no long-run relationship among the variables; however, a negligible impact on human capital and industrial output in the short term exists, highlighting the need for government intervention. This is thefirst study to examine the tripartite relationship between industrial sector performance, human capital development, and economic growth in the Nigerian context, providing insight into the dynamics of the relationships in developing countries.

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Journal Info

Abbrev

jurnalirjbs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Research Journal of Business Studies (IRJBS) comprises three constructs. The word “International” refers to our mission to provide readers with relevant fields of study and to involve authors in giving their contributions on an international scale. ”Research Journal” refers to ...