New Evidence on the effect of human capital on economic growth

Grammy, Abbas P.; Assane, Djeto

doi:10.1080/758526709

Cited by 19 publications

(11 citation statements)

References 4 publications

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“…While some studies showed a positive and significant relationship others exhibit a negative but significant relationship. For instance, a positive but significant link between human capital and economic growth are found in the works of Barros (1991), Mankiw, Romer, and Weil (1992), Burneth, Marble, and Patrinos (1995), Grammy and Assane (1996), Ojo and Oshikoya (1995) as well as Podrecca and Carmeci (2002). However, Barros (1991) study of 98 countries between 1960 and 1985, used school enrolment rates as proxies for human capital.…”

Section: Review Of Relevant Literaturementioning

confidence: 99%

“…Using varied forms of human capital investment such as school enrolment, human development index, and economic liberty index, Grammy and Assane (1996) have found that human capital formation positively and significantly contributed to economic growth. In their study of African countries, Ojo and Oshikoya (1995) found literacy rate and average year of schooling to be positively related to per capita output growth.…”

Section: Review Of Relevant Literaturementioning

confidence: 99%

“…7, No. 7;2015 growth. Few of these attempts include Akangbou (1983) Anyanwu (1996) and Aliu (2001) among others.…”

Section: Review Of Relevant Literaturementioning

confidence: 99%

“…In particular, the formulation adopted by Mankiw et al (1992) and Grammy and Assane (1996) can be modified The linear in log levels specification can also be expressed in rates of growth thus.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

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Does Tertiary Enrolment Cause Growth in Nigeria? A Vector Auto Regression Mechanism

Ogunmuyiwa

Okuneye

2015

IJEF

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The trend in tertiary enrolment indicates that even though it has nominally been increasing, in real terms, it is abysmally nose-diving. This is largely due, in part, to the declining trend of the budgetary allocation to education in Nigeria. Against this backdrop, this paper investigates the causal effects of tertiary enrolment on economic growth in Nigeria between 1980 and 2010. The study utilized the VAR approach and the VAR-Granger causality test to analyze the empirical model of the study. The findings of the empirical investigation suggest that there is a uni-directional causality between tertiary enrolment and economic growth in Nigeria. The causality runs from economic growth to tertiary enrolment in Nigeria. The paper therefore recommends that there is need for government to genuinely be committed to funding the educational sector if the aspiration to be among the twenty most developed economies by the year 2020 will not be a mirage.

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Section: Review Of Relevant Literaturementioning

confidence: 99%

Section: Review Of Relevant Literaturementioning

confidence: 99%

“…7, No. 7;2015 growth. Few of these attempts include Akangbou (1983) Anyanwu (1996) and Aliu (2001) among others.…”

Section: Review Of Relevant Literaturementioning

confidence: 99%

Section: Theoretical Frameworkmentioning

confidence: 99%

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Does Tertiary Enrolment Cause Growth in Nigeria? A Vector Auto Regression Mechanism

Ogunmuyiwa

Okuneye

2015

IJEF

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“…His finding also suggests an increase in years of education from five years to six years raised growth by 0.73%. Also, Grammy and Assane (1996) investigated new evidence on the effect of human capital on economic growth. They equally found statistically significant relationship between human capital and economic growth.…”

Section: Communist School Of Thoughtmentioning

confidence: 99%

Enhancing Sustainable Economic Growth and Development through Human Capital Development

Nkogbu¹

2015

ijhrs

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This study examined enhancing sustainable economic growth and development through human capital development in Nigeria. Primary data were collected through structured interviews from 296 respondents via questionnaire. The survey research design was used to collect data for the study. Data collected were analyzed using simple percentage (%), mean score (x) and chi-square (X 2 ). Results of the findings showed that human capital development plays a critical role in economic growth and development; investment in human capital development will result in improved economic growth and development and that economic growth and development cannot be sustained without human capital development. The study concluded that to enhance and sustain economic growth and development, and for human capital to have an impact on economic growth and development, Nigeria needs to invest more on its human capital development as well as the provision of opportunities for developed human capital to express their skills, knowledge and abilities. The study suggested that more priority should be given to human capital development as well as the educational sector and human capital development should be the responsibility of all and sundry and not government/organizations alone.

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Economic freedom and economic growth: Does specification make a difference?

Doucouliagos

Ulubaşoğlu

2006

European Journal of Political Economy

257

117

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New Evidence on the effect of human capital on economic growth

Abstract: We improve results of the Mankiw, Romer and Weil (1992) augmented neoclassical growth model by considering broader measures of human capital. Compared with the MRW results, our approach increases the explanatory power of the model and the speed of conditional income convergence.

Cited by 19 publications

References 4 publications

Does Tertiary Enrolment Cause Growth in Nigeria? A Vector Auto Regression Mechanism

Does Tertiary Enrolment Cause Growth in Nigeria? A Vector Auto Regression Mechanism

Enhancing Sustainable Economic Growth and Development through Human Capital Development

Economic freedom and economic growth: Does specification make a difference?

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