EFFECT OF FORMAL EDUCATION ON POVERTY REDUCTION IN NIGERIA
This study analyzes the impact of formal education on poverty reduction in Nigeria by studying the relationship between government expenditure on education, school enrolment, and labour force participation. It uses 30 years of annual time series data and employs various statistical methods, such as...
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| Format: | Article |
| Language: | English |
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Lucian Blaga University of Sibiu
2023-12-01
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| Series: | Management of Sustainable Development |
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| Online Access: | https://msdjournal.org/wp-content/uploads/vol15issue2-9.pdf |
| _version_ | 1797304946897453056 |
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| author | BOLARINWA Taiwo Agosu |
| author_facet | BOLARINWA Taiwo Agosu |
| author_sort | BOLARINWA Taiwo Agosu |
| collection | DOAJ |
| description | This study analyzes the impact of formal education on poverty reduction in Nigeria by studying the relationship between government expenditure on education, school enrolment, and labour force participation. It uses 30 years of annual time series data and employs various statistical methods, such as OLS regression, ADF test, Philip Peron unit root test, F-tests, and t-tests. Labour force participation serves as a proxy to understand how these macroeconomic variables affect poverty. The findings reveal that both school enrolment and government expenditure on education significantly affect labour force participation. Specifically, enrolment in secondary and tertiary education positively correlates with increased labour force participation. To enhance poverty reduction in Nigeria, the study proposes improving the effectiveness of government expenditure, enhancing access to quality secondary and tertiary education, fostering collaboration between education and businesses, and emphasizing vocational and technical education aligned with the labour market’s needs. |
| first_indexed | 2024-03-08T00:18:45Z |
| format | Article |
| id | doaj.art-1e18b2c69cf9474cbada0c534bf54478 |
| institution | Directory Open Access Journal |
| issn | 2066-9380 2247-0220 |
| language | English |
| last_indexed | 2024-03-08T00:18:45Z |
| publishDate | 2023-12-01 |
| publisher | Lucian Blaga University of Sibiu |
| record_format | Article |
| series | Management of Sustainable Development |
| spelling | doaj.art-1e18b2c69cf9474cbada0c534bf544782024-02-16T14:19:02ZengLucian Blaga University of SibiuManagement of Sustainable Development2066-93802247-02202023-12-011527379https://doi.org/10.54989/msd-2023-00181EFFECT OF FORMAL EDUCATION ON POVERTY REDUCTION IN NIGERIABOLARINWA Taiwo Agosu0Department of Agricultural Economics, University of Abuja, Abuja, NigeriaThis study analyzes the impact of formal education on poverty reduction in Nigeria by studying the relationship between government expenditure on education, school enrolment, and labour force participation. It uses 30 years of annual time series data and employs various statistical methods, such as OLS regression, ADF test, Philip Peron unit root test, F-tests, and t-tests. Labour force participation serves as a proxy to understand how these macroeconomic variables affect poverty. The findings reveal that both school enrolment and government expenditure on education significantly affect labour force participation. Specifically, enrolment in secondary and tertiary education positively correlates with increased labour force participation. To enhance poverty reduction in Nigeria, the study proposes improving the effectiveness of government expenditure, enhancing access to quality secondary and tertiary education, fostering collaboration between education and businesses, and emphasizing vocational and technical education aligned with the labour market’s needs.https://msdjournal.org/wp-content/uploads/vol15issue2-9.pdfschool enrolment, government expenditure, poverty, labour force participation, adf model |
| spellingShingle | BOLARINWA Taiwo Agosu EFFECT OF FORMAL EDUCATION ON POVERTY REDUCTION IN NIGERIA Management of Sustainable Development school enrolment, government expenditure, poverty, labour force participation, adf model |
| title | EFFECT OF FORMAL EDUCATION ON POVERTY REDUCTION IN NIGERIA |
| title_full | EFFECT OF FORMAL EDUCATION ON POVERTY REDUCTION IN NIGERIA |
| title_fullStr | EFFECT OF FORMAL EDUCATION ON POVERTY REDUCTION IN NIGERIA |
| title_full_unstemmed | EFFECT OF FORMAL EDUCATION ON POVERTY REDUCTION IN NIGERIA |
| title_short | EFFECT OF FORMAL EDUCATION ON POVERTY REDUCTION IN NIGERIA |
| title_sort | effect of formal education on poverty reduction in nigeria |
| topic | school enrolment, government expenditure, poverty, labour force participation, adf model |
| url | https://msdjournal.org/wp-content/uploads/vol15issue2-9.pdf |
| work_keys_str_mv | AT bolarinwataiwoagosu effectofformaleducationonpovertyreductioninnigeria |