| Title: | Sectoral Performance and Human Capital Development in Nigeria |
| Author(s): | Jack Better |
| Abstract: | This study examined the impact of sectoral performance on human capital development, with specific focus on human development index between 1986 and 2020. The study was anchored on the Fisher-Clark’s (1940) three sector theory and the endogenous theory by Lucas (1988).The time series data for the variables were obtained from the Central Bank of Nigeria Statistical Bulletin, National Bureau of Statistics, World Development Indicator and United Nations Development Programme Human Development Report. The data analysis techniques include descriptive statistics, unit root test, bounds cointegration and autoregressive distributed lag estimation method. The unit root tests results showed that while agriculture and industrial sector growth rates are integrated of order zero, the other variables are integrated of order one. Evidence of cointegration was established in the model from the bounds test result. The ARDL results showed that agriculture sector growth has a significant positive effect on HDI given that the probability value (0.0084) of the t-statistic for its coefficient is less than 0.05. Similarly, the results further showed that the service sector growth has a significant positive effect on HDI in the short run given that the probability value (0.0237) of the t-statistic for its coefficient is less than 0.05. Furthermore, the industrial sector growth does not significantly affect HDI. Government expenditure has a significant positive effect on HDI at 5 percent significant level. Given the findings, this study recommends among others that government expenditure should prioritize economic, social and community services with potentials for economic development. This will provide a roadmap for sustainable improvement in human development. |
| Keywords: | Human capital development, Agriculture, Industry, Service, Performance, Nigeria. |
IJAAMSThe International Journal of Applied Economics, Agriculture and Management Sciences (IJAAMS) is a publication of the Department of Agricultural & Applied Economics of the Rivers State University, Port Harcourt, Rivers State, Nigeria [...]
Department of Agricultural and Applied Economics,Rivers State University, Port Harcourt, Nigeria.
+234 (0)8039312859
ijaams@ust.edu.ng
Copyright © IJAAMS. All Rights Reserved.
Powered by 