Does Human Capital Development Matter for Economic Growth? An Empirical Reflection of the Nigerian Experience
Egberi Kelvin Agbarha

Abstract
The main objective of this paper is to empirically investigate the impact of human capital development on economic growth in Nigeria. The study covered the period between 1980 and 2014. The cointegration technique and the Error correction mechanism were used. The result shows that labour force and Gross Fixed Capital Formation have a positive and significant impact on the level of economic growth in Nigeria. The result shows further that government expenditure on health and educations have a positive and significant impact on the level of economic growth. The result recommends increased budgetary allocation to the education and health sectors and training of labour force amongst others.

Full Text: PDF