Human Capital, Technology, and Economic Growth
This article investigated the impact of human capital and technology on economic growth in Nigeria. We employed annual time series data for the period of 35 years (1975-2010) and applied autoregressive distributed lag approach to cointegration to examine the relationship between human capital, techn...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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SAGE Publishing
2015-11-01
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| Series: | SAGE Open |
| Online Access: | https://doi.org/10.1177/2158244015615166 |
| _version_ | 1819181946474856448 |
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| author | Chindo Sulaiman Umar Bala Bulama Abiso Tijani Salisu Ibrahim Waziri Ibrahim Kabiru Maji |
| author_facet | Chindo Sulaiman Umar Bala Bulama Abiso Tijani Salisu Ibrahim Waziri Ibrahim Kabiru Maji |
| author_sort | Chindo Sulaiman |
| collection | DOAJ |
| description | This article investigated the impact of human capital and technology on economic growth in Nigeria. We employed annual time series data for the period of 35 years (1975-2010) and applied autoregressive distributed lag approach to cointegration to examine the relationship between human capital, technology, and economic growth. Two proxies of human capital (secondary and tertiary school enrollments) were used in two separate models. The cointegration result revealed that all the variables in the two separate models were cointegrated. Furthermore, the results of the two estimated models showed that human capital in form in secondary and tertiary school enrollments have had significant positive impact on economic growth. More so, technology also shows significant positive impact on economic growth. In a nutshell, both human capital and technology are important determinants of growth in Nigeria. Therefore, improvement of the educational sector and more funding for research and development (R&D) to encourage innovations are needed to facilitate Nigeria’s sustained economic growth. |
| first_indexed | 2024-12-22T22:38:19Z |
| format | Article |
| id | doaj.art-55629e6ee1f84967bd897daaa8e9d5c8 |
| institution | Directory Open Access Journal |
| issn | 2158-2440 |
| language | English |
| last_indexed | 2024-12-22T22:38:19Z |
| publishDate | 2015-11-01 |
| publisher | SAGE Publishing |
| record_format | Article |
| series | SAGE Open |
| spelling | doaj.art-55629e6ee1f84967bd897daaa8e9d5c82022-12-21T18:10:15ZengSAGE PublishingSAGE Open2158-24402015-11-01510.1177/215824401561516610.1177_2158244015615166Human Capital, Technology, and Economic GrowthChindo Sulaiman0Umar Bala1Bulama Abiso Tijani2Salisu Ibrahim Waziri3Ibrahim Kabiru Maji4Bauchi State University Gadau, NigeriaBauchi State University Gadau, NigeriaRamat Polytechnic Maiduguri, NigeriaBauchi State University Gadau, NigeriaBauchi State University Gadau, NigeriaThis article investigated the impact of human capital and technology on economic growth in Nigeria. We employed annual time series data for the period of 35 years (1975-2010) and applied autoregressive distributed lag approach to cointegration to examine the relationship between human capital, technology, and economic growth. Two proxies of human capital (secondary and tertiary school enrollments) were used in two separate models. The cointegration result revealed that all the variables in the two separate models were cointegrated. Furthermore, the results of the two estimated models showed that human capital in form in secondary and tertiary school enrollments have had significant positive impact on economic growth. More so, technology also shows significant positive impact on economic growth. In a nutshell, both human capital and technology are important determinants of growth in Nigeria. Therefore, improvement of the educational sector and more funding for research and development (R&D) to encourage innovations are needed to facilitate Nigeria’s sustained economic growth.https://doi.org/10.1177/2158244015615166 |
| spellingShingle | Chindo Sulaiman Umar Bala Bulama Abiso Tijani Salisu Ibrahim Waziri Ibrahim Kabiru Maji Human Capital, Technology, and Economic Growth SAGE Open |
| title | Human Capital, Technology, and Economic Growth |
| title_full | Human Capital, Technology, and Economic Growth |
| title_fullStr | Human Capital, Technology, and Economic Growth |
| title_full_unstemmed | Human Capital, Technology, and Economic Growth |
| title_short | Human Capital, Technology, and Economic Growth |
| title_sort | human capital technology and economic growth |
| url | https://doi.org/10.1177/2158244015615166 |
| work_keys_str_mv | AT chindosulaiman humancapitaltechnologyandeconomicgrowth AT umarbala humancapitaltechnologyandeconomicgrowth AT bulamaabisotijani humancapitaltechnologyandeconomicgrowth AT salisuibrahimwaziri humancapitaltechnologyandeconomicgrowth AT ibrahimkabirumaji humancapitaltechnologyandeconomicgrowth |