Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/244188 
Year of Publication: 
2021
Series/Report no.: 
AGDI Working Paper No. WP/21/013
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
The study examines the dynamic interrelationships among the school enrolment rates and the rate of employment (via unemployment rates) in Nigeria. The study employed Autoregressive estimates and an unrestricted VAR approach to analyze these relationships. The study lends credence to the new-growth theory (i.e. endogenous models) that more investments in human capital, through education especially at higher levels, will allow human capital to evolve dynamically and increase long-run growth in Nigeria. This tendency engenders multiplier effects in stimulating sustainable development given that education-driven growth facilitates employment. The growth literature has been definitive on the role of human capital in achieving long-run economic growth. Therefore, investments in education have been identified as a vital channel for building human capital and achieving long run development objectives. Thus, in the nascent quest for sustainable development, this study takes the new growth theory a step higher by examining the modulating effects of educational-driven growth (i.e. via school enrolments rates) in setting the pace for employment patterns in Nigeria.
Subjects: 
Education
Employment
Human Capital
Enrolment
Development
JEL: 
I21
I31
O40
O55
Document Type: 
Working Paper

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