Cointegration Analysis of Public Expenditure on Tertiary Education and Economic Growth in Nigeria

Authors

Japheth T. Torruam, Federal University of Agriculture, Makurdi
Moses A. Chiawa, Benue State University, Makurdi
Cyprian C. Abur, Kwararafa University, Wukari

Keywords

Public Expenditure, Economic Growth, Cointegration, Development

Abstract

The paper investigates the Impact of public expenditure on tertiary education and economic growth in Nigeria using time series data for the period 1990- 2011.The econometric methodology employed was cointegration and error correction technique. The study concludes that public expenditure on tertiary education has positive impact on economic growth in Nigeria. The study recommended that government and private sectors should partner by mobilizing resources to furnish tertiary institutions and equip them with adequate facilities in order to enhance tertiary education development for sustainable economic growth.

Author Bio

The authors are staff of Mathematics/Statistics/Computer Science Department, Federal University of Agriculture, Makurdi, Nigeria; Mathematics Department, Benue State University Makurdi, Nigeria and Economics Department, Kwararafa University Wukari, Nigeria

Publication Title

CBN Journal of Applied Statistics

Issue

2

Volume

5

Recommended Citation

Torruam, Japheth T.; Chiawa, Moses A.; and Abur, Cyprian C. (2014) "Cointegration Analysis of Public Expenditure on Tertiary Education and Economic Growth in Nigeria," CBN Journal of Applied Statistics (JAS): Vol. 5: No. 2, Article 7.
Available at: https://dc.cbn.gov.ng/jas/vol5/iss2/7