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

Title Page i

Approval Page ii

Dedication iii

Acknowledgement iv

Abstract vi

Table of Contents viii

Chapter One:

Introduction

1.1 Background of the study 1

1.2 Statement of problem 8

1.3 Objectives of the study 9

1.4 Research Hypothesis 10

1.5 Significance of the study 11

1.6 Scope and limitation of the study 12

1.7 Detritions of Terms 12

Chapter Two:

Literature Review

2.1 Theoretical Literature 14

2.2 Empirical Literature 32

2.3 Limitation of the Previous Study 38

Chapter Three:

Research Design and Methodology

3.1 Research Methodology 40

3.2 Model Specification 41

3.3 Method of Evaluation 43

3.2 Decision Rule 45

3.5 Data Required and Sources 46

Chapter Four:

Presentation and Analysis of Result

4.1 The Empirical Results 47

4.2 Examination of the Algebraic Signs of the parameters Estimate 48

4.3 Statistical Test of Significance 48

4.4 Evaluation of the Working Hypothesis 52

4.5 Implication of the Study 53

Chapter Five:

Summary of Findings, Conclusion and Recommendation

5.1 Summary of the Finding 55

5.2 Conclusion 56

5.3 Recommendations 57

Bibliography

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APA

YWH9nGq5c0006a088b224.87258818, C. (2018). AN EMPIRICAL ANALYSIS OF THE IMPACT OF HUMAN CAPITAL DEVELOPMENT ON ECONOMIC GROWTH OF NIGERIA (1980-2011). Afribary. Retrieved from https://beta.afribary.com/works/an-empirical-analysis-of-the-impact-of-human-capital-development-on-economic-growth-of-nigeria-1980-2011-6828

MLA 8th

YWH9nGq5c0006a088b224.87258818, CXRbMXY5c0006a08804a6.07849201 "AN EMPIRICAL ANALYSIS OF THE IMPACT OF HUMAN CAPITAL DEVELOPMENT ON ECONOMIC GROWTH OF NIGERIA (1980-2011)" Afribary. Afribary, 29 Jan. 2018, https://beta.afribary.com/works/an-empirical-analysis-of-the-impact-of-human-capital-development-on-economic-growth-of-nigeria-1980-2011-6828. Accessed 18 Feb. 2026.

MLA7

YWH9nGq5c0006a088b224.87258818, CXRbMXY5c0006a08804a6.07849201 . "AN EMPIRICAL ANALYSIS OF THE IMPACT OF HUMAN CAPITAL DEVELOPMENT ON ECONOMIC GROWTH OF NIGERIA (1980-2011)". Afribary, Afribary, 29 Jan. 2018. Web. 18 Feb. 2026. < https://beta.afribary.com/works/an-empirical-analysis-of-the-impact-of-human-capital-development-on-economic-growth-of-nigeria-1980-2011-6828 >.

Chicago

YWH9nGq5c0006a088b224.87258818, CXRbMXY5c0006a08804a6.07849201 . "AN EMPIRICAL ANALYSIS OF THE IMPACT OF HUMAN CAPITAL DEVELOPMENT ON ECONOMIC GROWTH OF NIGERIA (1980-2011)" Afribary (2018). Accessed February 18, 2026. https://beta.afribary.com/works/an-empirical-analysis-of-the-impact-of-human-capital-development-on-economic-growth-of-nigeria-1980-2011-6828

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

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