Education and Economic Growth: Empirical Evidence from Nigeria

Irughe, Roland.I .; Edafe, Joel; Eregha, Perekunah B.

doi:10.26493/1854-6935.16.59-77

Cited by 6 publications

(6 citation statements)

References 12 publications

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“…Different levels of education contribute differently to the economy, and higher education is considered as an important factor in enhancing economic competitiveness [9]. Other studies have concluded that secondary education contributes far more to the economy than primary and university education [10]. In China's system, compulsory education and cognitive skills do not significantly directly or indirectly contribute to economic growth.…”

Section: The Contribution Of Education Improvement To Rapid Economic ...mentioning

confidence: 99%

Does Education Affect Economic Growth? A Re-Examination of Empirical Data from China

Liu

2022

Sustainability

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From the perspective of the spatial differences of China’s educational development, exploring the impact of education on economic development is of great importance for alleviating the main contradiction between China’s inter provincial education and economic development. By collecting the spatial panel data from 31 provinces in China between 2011 and 2020, the study adopted spatial autocorrelation analysis and spatial Dubin model and conducted an empirical exploring the impact between China’s education development and economic growth. The findings of the paper include the following: (1) From the perspective of spatial correlation of the education development level, the improvement of education in China’s provinces affects and promotes each other nationwide; the spatial correlation of the improvement of education level presents a situation of strong combination. In provinces with a higher education level, education resources are relatively concentrated. (2) From the perspective of the role of education in promoting the economy, the improvement of education has a significant impact in promoting China’s economic growth, but it is not significant in the western region of China. Based on the research results, efforts should be made to improve the level of spatial correlation among provinces and cities. This study further suggests that, in the future, vigorously developing industries and vocational education in the western region should be considered as an important measure for China in promoting the coordinated development of the inter provincial economy in the future.

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Section: The Contribution Of Education Improvement To Rapid Economic ...mentioning

confidence: 99%

Does Education Affect Economic Growth? A Re-Examination of Empirical Data from China

Liu

2022

Sustainability

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“…Framework. Ample literature loudly voiced the importance of human capital as it plays a pivotal role in the holistic development of the nation [10][11][12][13][14][15][16][17]. As a theory, HC has got broader acceptance with the contribution of scholars like Sheltuz, Mencer, and Beker, who shifted the thinking philosophy of policymakers by emphasizing the centrality of HC in the development process in the 1960s [1,2,18].…”

Section: Conceptual and Eoreticalmentioning

confidence: 99%

“…is was, in fact, with the inherent capacity of human beings to acquire new knowledge, skills, and attitudes and his ability to adapt to new technologies and take part in creating innovative ways of doing things. In this regard, education plays a pivotal role in realizing this potential [11,15]. is actually remains the base for HC discourses among researchers and policymakers [7,20].…”

Section: Conceptual and Eoreticalmentioning

confidence: 99%

Determinants of Human Capital Development in Ethiopia: Implications to Education Policy

Bareke

Agezew

Dedho

et al. 2021

Education Research International

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The role of human capital development in the era of globalization, knowledge-based economy, and technological development cannot be underestimated. This is mainly attached to the creative and adaptive capacity of human capital (HC) in bringing multidimensional changes and developments for the individual, organization, and the country at large. However, the scenario of HC in Sub-Saharan Africa and specifically in Ethiopia remains the lowest compared to the world standard. With this premise, this study is meant to analyze the macroeconomic determinants of HC development in Ethiopia using the Autoregressive Distributed Log (ARDL) model. Time series data from 1981 to 2018 was considered for the study. The empirical result of the study revealed that GDP per capita, openness, and education policy variables were found to have a positive and significant effect on human capital development in the short and long run. On the contrary, inflation has a negative effect on human capital development only in the short run. On the other hand, no evidence was found on whether the government’s expenditure and capital-labor ratio have significant effects on human capital development. Therefore, the Ethiopian government is strongly advised to investigate its educational investment strategies in such a way that it can promote the development of HC.

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“…In other words, the level of education of someone can increase productivity, whether in their own individual capabilities as well as easiness in adapting to technology. Eregha et al (2015) conducted a research in Nigeria during 1970-2015 using the approach of analysis of Error Correction (OLS), Fully Modified OLS (FMOLS), and Dynamic OLS (DOLS). The research result shows that the level of education and completion rate gives a positive influence toward economic growth in Nigeria.…”

Section: Educationmentioning

confidence: 99%

The Effect of the Quality of Human Development Factors on the Rate of Economic Growth in Yogyakarta Special Province

Feriyanto¹

2019

IJQR

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The qualified human resource employment shall strongly influence the success of economic development especially on reaching the high economic growth rate. This research aimed at examining the influence of education, health, and per capita income on the economic growth rate in Yogyakarta Special Province (DIY). This research used the secondary data of year 2007 up to year 2016 from four regencies, namely Kulonprogo, Gunungkidul, Bantul, Sleman, and Yogyakarta City. The analysis technique was pooled data regression model. Research findings showed that education has a significant negative influence on economic growth in DIY. While health has no influence on economic growth. Moreover, the per capita income showed positively significant influence on economic growth of DIY.

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Education and Economic Growth: Empirical Evidence from Nigeria

Cited by 6 publications

References 12 publications

Does Education Affect Economic Growth? A Re-Examination of Empirical Data from China

Does Education Affect Economic Growth? A Re-Examination of Empirical Data from China

Determinants of Human Capital Development in Ethiopia: Implications to Education Policy

The Effect of the Quality of Human Development Factors on the Rate of Economic Growth in Yogyakarta Special Province

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