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2014 | 16 (2) | 202--214
Tytuł artykułu

Human Capital Development, Economic Rejuvenation and Stable Long-Term Growth: The Case of Nigeria

Autorzy
Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The paper investigates the relative impact of human capital development on economic rejuvenation and growth in Nigeria form 1981 to 2010, using the bounds testing approach to cointegration. The study utilized a combined proxy of education and health to capture the influence of human capital on growing and consequently rejuvenating an economy. Fixed capital and human capital were found to be positively associated with economic growth in both the short and long run, while Granger-causing economic growth in the period of study, implying the imperatives of using them to rejuvenate an economy. The stability of the coefficients of the estimated model is confirmed by the CUSUM and CUSUMSQ tests. The paper showed that for Nigeria's economic rejuvenation and longterm stable growth, emphasis should be placed on deliberately developing the country's vast human resources. (original abstract)
Rocznik
Tom
Strony
202--214
Opis fizyczny
Twórcy
  • Federal University, Dutsin-ma, Katsina, Nigeria
Bibliografia
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  • [21] Pritchett, L. (1996). "Where Has All the Education Gone?" World Bank Policy Research Working Paper 1581, Washington, DC.
  • [22] Sachs, J. and Warner, A. (1997). "Sources of slow growth in African economies", Journal of African Economies, 6, 335-337.
  • [23] Son, H.H. (2008). "Explaining Growth and Inequality in Factor Income: The Philippines Case". ADB Economics Working Paper Series No. 120, Economics and Research Department, Asian Development Bank.
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171345123

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