Central Bank of Nigeria
Economic Growth, Human Capital, Human Capital Development, Nigeria
The paper examines empirically the relationship between economic growth and human capital development using Nigeria data. Microeconomics variables such as Growth of real gross domestic products (RGDPG), capital expenditure (CE) on education. recurrent expenditure on education (RE), real gross capital formation (RGCF) was used to proxy physical formation, enrolment into primary (PRYE), post-primary (PPE) and tertiary (TERE) educational institutional were used to proxy human capital development. It found that investment in human capital, through the availability of infrastructure requirements in the education sector accelerates economics growth.
CBN Economic and Financial Review
Otu, Moses F. & Adenuga, Adeniyi O. (2006). Economic Growth and Human Capital Development: the Case Study of Nigeria. Economic and Financial Review. 44(3), 1-27.