Open AccessEconomic Transformation and Human Development Index in Nigeria
Author(s) -
Ovenseri-Ogbomo Friday Osaru,
David Umoru
Publication year - 2017
Publication title -
international journal of social sciences and educational studies
Language(s) - English
Resource type - Journals
eISSN - 2520-0968
pISSN - 2409-1294
DOI - 10.23918/ijsses.v4i1p72
Subject(s) - index (typography) , transformation (genetics) , human development index , human development (humanity) , computer science , economics , economic growth , biology , biochemistry , world wide web , gene
This research seeks to examine the impact of human development index (HDI) on economic transformation Nigeria. The paper adopted error correction mechanism to accentuate the dynamic paths of variables and aptitude of these variables to return to long-run equilibrium after a shock. From empirical results, it was found that HDI and school enrolment were most statistically significant in Nigerian growth equation. We thus recommend as a policy that emphasis human capital development in Nigeria most especially when the Nigerian nation is labor-intensive one.
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