Human capital channels and productivity growth: Evidence from Nigeria

Popoola, Olabisi; Alege, Philip O.; Gershon, Obindah; Asaleye, Abiola John

doi:10.14254/2071-789x.2019/12-4/3

Cited by 29 publications

(37 citation statements)

References 37 publications

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“…These outcomes contradict the 'a prior expectations' of this study. Studies stressed that human capital development increases output (Chu, Holscher & McCarthy, 2020;Popoola, Alege, Gershon & Asaleye, 2019;Blanchard, 2010, Katema, 2000Glumm & Ravikummar, 1997). NPE, ACAP1 and PVIT are economically significant.…”

Section: Presentation Of the Resultsmentioning

confidence: 99%

“…HCP comprises of both recurrent and capital expenditure on health and education. It is expected, in theory, that this expenditure will increase labour productivity (Popoola, Alege, Gershon & Asaleye, 2019;Blanchard, 2010, Katema, 2000, Osborn, Haque & Bose, 2003Barro & Sila -I-Martin, 1990) except non-productive expenditure which Barro (1990) hypothesised that it is accountable to lower aggregate growth in the long-run. ACAP2 is the capital expenditure on fixed assets referred to as government investment, and PVIT is private investment.…”

Section: Methodsmentioning

confidence: 99%

“…The consensus of capital to propel growth and development is well documented in the literature. Strand of the literature has shown that capital accumulation is vital to promote growth and development (Popoola, Alege, Gershon & Asaleye, 2019;Oladipo, Iyoha, Fakile, Asaleye & Eluyela, 2019a;Cyrenne & Pandey, 2015). Most empirical studies, refer to the output model, where capital and labour are used as inputs requirements to increase aggregate output.…”

Section: Introductionmentioning

confidence: 99%

“…One of the main macroeconomic problems, the country faces is the high unemployment rate (Olopade, Okodua, Oladosun, Asaleye, 2019;. Interesting the study by Popoola, Alege, Gherson and Asaleye (2019) investigate the basic and the advanced channels of human capital on the Nigerian economy, documenting that the advanced channel can promote growth and development, however, the study by Popoola et al (2019) did not include 'non-productive and productive government expenditure'. This study is distinguished from the above studies by investigating the productive and non-productive public expenditure on output and employment in Nigeria using the Vector Error Correction Model (VECM).…”

Section: Introductionmentioning

confidence: 99%

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Implications of Non –productive and Productive Government Expenditure on Output and Employment: Evidence From Nigeria

Asaleye¹,

Maimako²,

Inegbedion³

et al. 2021

RWE

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Nigerian government expenditure has been on an increasing trend over the years, and its contribution to sustainable economic development; promoting long-term output and employment has generated controversial issues in the literature. Against this background, this study analyses the impact of both productive and non-productive government expenditure on output and employment in Nigeria using the Vector Error Correction Model, The long-run equations for output and employment are established. The joint short and long-run causality was also investigated. The study shows a contrary result to theoretical predictions; Nigeria's long-run growth is not promoting by productive government expenditure. Furthermore, there is joint short and long-run causality between employment and government expenditure channels. Evidence from the output equation indicates no joint long and short-run causality. The implication of this result shows that government expenditure either productive or non-productive, has not improved the economy, although there is an increase in employment generation through the non-productive channel, which has not promoted broad-based growth. For the Nigerian government to improve the situation, the study recommends a critical assessment of public expenditure through the cost-benefit approach.

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Section: Presentation Of the Resultsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Implications of Non –productive and Productive Government Expenditure on Output and Employment: Evidence From Nigeria

Asaleye¹,

Maimako²,

Inegbedion³

et al. 2021

RWE

Self Cite

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“…Non-profit marketing is a set of practices and strategies that can be used in this type of organization to strengthen the goals of the organization, its mission, expand the circle of donors, obtain more funding and, last but not least, attract volunteers to work for nonprofits [15]. The application of the marketing concept is limited in the case of non-profit organizations due to the fact that these entities do not have to achieve profit as their primary element.…”

mentioning

confidence: 99%

The Application and Importance of Marketing and its Tools in the Conditions of Non-profit Organizations on a Global Scale

Rosnerova

Hraskova

2021

SHS Web of Conf.

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Research background: Marketing as a separate area of activities does not immediately occur only in the environment of companies, but is also used in the environment of non-profit organizations. Although the activities of non-profit organizations differ significantly from the activities of commercially oriented companies, even in the case of non-profit organizations, marketing activities and tools are used to improve the overall progress of non-profit organizations. Purpose of the article: The article deals with the analysis of marketing activities and tools that are applied in the conditions of non-profit organizations. In the case of applicable marketing tools, we will also address the question of whether it is necessary to modify traditional marketing tools in the environment of non-profit organizations. The aim of the article is to analyse the most frequently applied marketing tools in the environment of non-profit organizations. Methods: Descriptive methods as well as comparative methods are used in the analysis in order to compare them with the commercial sector. In this article, we work with the hypothesis that the application of the marketing concept will be different compared to profit-oriented marketing and we assume that marketing strategies will require a certain degree of modification. Findings & Value added: Based on the performed analysis, we will evaluate the findings of this issue and suggest other options for the implementation of marketing tools in the environment of non-profit organizations.

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Assessing knowledge and skills gap for construction 4.0 in a developing economy

Adepoju

Aigbavboa

2020

Journal of Public Affairs

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Most developing economies are plagued by a low supply of skilled human capital, which is a known driver of economic growth and development. The introduction of the fourth industrial revolution (4IR) concept to the construction industry referred to as Construction 4.0 has introduced new technologies that require an increase in knowledge and skills requirement for workers. This comes with a host of challenges for developing countries. To this end, the current study focuses on Nigeria, which is the largest economy in Africa and a fast developing country. The study therefore seeks to explore the knowledge and skills gap among professionals within the Nigerian construction industry. This was achieved via a structured survey research design to elicit information from professionals in the construction industry. A convenience sampling technique was used to select 136 respondents. Data collected from the questionnaire were analysed using mean score, Pearson chi‐square and t test of SPSS V23. The findings revealed a moderate knowledge level of Construction 4.0 technologies and a low level of training among professionals. Also, the result shows a high skills gap in human machine communication, data analytics and cyber security. The study recommends the promotion of human capital development to enhance the implementation of Construction 4.0. This can be achieved via a review and redesign of existing curricula in educational institutions and commitment on the part of management and professional bodies to training and re‐skilling of the workforce.

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Human capital channels and productivity growth: Evidence from Nigeria

Cited by 29 publications

References 37 publications

Implications of Non –productive and Productive Government Expenditure on Output and Employment: Evidence From Nigeria

Implications of Non –productive and Productive Government Expenditure on Output and Employment: Evidence From Nigeria

The Application and Importance of Marketing and its Tools in the Conditions of Non-profit Organizations on a Global Scale

Assessing knowledge and skills gap for construction 4.0 in a developing economy

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