Human Capital, structural change and economic growth developing countries: the case of Nigeria

Lawanson, Olukemi and Evans, Olaniyi (2019): Human Capital, structural change and economic growth developing countries: the case of Nigeria. Published in: No. Economics of Human resource: issues, challenges and opportunities (2019)

Abstract

The objective of this study is to determine if the misallocation of human capital and deficient structural change plays a role in the weak impact of human capital on economic growth in Nigeria. In an augmented Solow model, this study shows that the effect of human capital on growth is more significant when the country enters into the kind of structural change which demands for highly skilled labour. The study further shows that both change from traditional to modern activities and export diversification promote growth. The implication of this study is that human capital is more efficient for growth when structural change is higher. Therefore, robust policies are required to develop new educational curricula in line with national manpower needs. Such new educational curricular which should be the joint responsibility of the educational institutions and the industrial sector of the economy will ultimately benefit the entire economy and therefore enhance growth.

• Item Type: MPRA Paper
• Language: English
• Keywords: Human capital, structural change, economic growth
• Subjects: I - Health, Education, and Welfare > I2 - Education and Research Institutions; I - Health, Education, and Welfare > I2 - Education and Research Institutions > I25 - Education and Economic Development; I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty; I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty > I38 - Government Policy ; Provision and Effects of Welfare Programs

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