AN EMPIRICAL ANALYSIS OF THE IMPACT OF HUMAN CAPITAL DEVELOPMENT ON ECONOMIC GROWTH OF NIGERIA (1980-2011)

ABSTRACT

Despite various efforts of the successive Nigerian governments, virtually all indices of human development especially those of health and education are embarrassingly low. Their effort seem abortive. It is in the light of the above that this topic is very timely “An empirical analysis of the Impact of Human Capital Development on Economic Growth of Nigeria from 1980 to 2011.  The main objective of this study is to examine the nature of the relationship that exists between human capital and economic growth in Nigeria. In investigation into this, the researcher formulated null hypothesis; (H0) Human capital has no significant impact on economic growth in Nigeria (H1¬) Human capital has significant impact on economic growth in Nigeria.  In evaluating this, the researcher adopted a linear regression model applying Ordinary Least Square (OLS) techniques. It was found out that human capital has a significance impact on Nigeria economy for the said period.  Hence, the researcher concludes there is significance relationship between human capital variable and overall economic growth and also that human capital has some important elements of economic growth. And therefore, recommended that effort should be geared by government towards increasing education funding which is needed for our real sector in investment and industrial growth in Nigeria.

TABLE OF CONTENTS

Chapter One: 

Introduction

Chapter Two: 

Literature Review

Chapter Three: 

Research Design and Methodology 

Chapter Four:  

Presentation and Analysis of Result

Chapter Five: 

Summary of Findings, Conclusion and Recommendation 

Bibliography