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Education Sector and Economic Growth in Nigeria: an Impact Analysis

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dc.contributor.author Aigbedion, Isibor Marvelous
dc.contributor.author Dyaja Baba Iyakwari, Anna
dc.contributor.author Joshua Gyang, Emily
dc.date.accessioned 2024-06-14T11:45:46Z
dc.date.available 2024-06-14T11:45:46Z
dc.date.issued 2017-12
dc.identifier.issn 2354-4228
dc.identifier.uri http://localhost:8080/xmlui/handle/123456789/1962
dc.description.abstract Abstract T his paper focuses on the empirical examination of the impact of education sector on economic growth in Nigeria. Time series data were used and the study employed ordinary least squares (OLS) tools of analysis in the investigation of the impact and relationships among the economic variables, multiple regression model was also used and the data was estimated using e-views 9.0 software. The results revealed that the education sector has a positive impact on economic growth in Nigeria. This implies that economic growth can be improved by increasing education investment in Nigeria. But Government Expenditure on Education is negatively related to Real Gross Domestic Product in Nigeria and statistically significant at 5 percent level of significance in explaining variation in the Real Gross Domestic Product in Nigeria, this may be due to the fact that education funds are not fully or properly utilized in Nigeria. Therefore, the study recommends that the government through budget planning, implementation and monitoring should ensure that education funds are properly and fully utilized in Nigeria to improve the impact of education sector on economic growth in Nigeria. en_US
dc.description.sponsorship self en_US
dc.language.iso en en_US
dc.publisher International Journal of Advanced Studies in Economics and Public Sector Management 1 IJASEPSM en_US
dc.relation.ispartofseries ;Volume 5, Number 3
dc.subject Education sector en_US
dc.subject Economic growth en_US
dc.subject Government en_US
dc.title Education Sector and Economic Growth in Nigeria: an Impact Analysis en_US
dc.type Article en_US


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