Is there any Missing Link in the Nexus between Human Capital Development and Economic Growth in Developing Economies? Evidence from Nigeria

Acta Universitatis Danubius: Oeconomica

卷:15

Emmanuel Oladapo George¹  Oluwatosin Olatunji Ogunyomi¹ 

[1] Olabisi Onabanjo University;

关键词: human capital development;    economic growth;    income approach;    long run ols causality;   

DOI  :  

来源: DOAJ

【 摘 要 】

Human capital and human capital development have been used interchangeable in thegrowth literature to achieve sustainable economic growth in the developing economies. While theexpansion in educational enrolment rate has not guaranteed a long-run growth in developingeconomies, the question remains is there any missing link in the nexus between human capitaldevelopment and economic growth in developing economies? Using the income measurementapproach, the study examined the nexus and causality between human capital development andeconomic growth in the long run economic growth in Nigeria. This study found that human capitaldevelopment, curriculum development, inflation rate and GINI index were the missing link variablesin achieving long run economic growth within 1985-2016 in Nigeria. Also, the study foundbidirectional causality between human capital development and economic growth using incomemeasurement approach. Therefore, the identified missing link variables in the nexus between humancapital development (HCD) and economic growth in Nigeria should guide policymakers and theacademic to achieve sustainable economic growth in the developing economies.

【 授权许可】

Unknown