IJSSER

Title: IMPACT OF PUBLIC EDUCATION EXPENDITURE ON HUMAN CAPITAL DEVELOPMENT IN NIGERIA (1970-2015)
Authors: A. A. Bello (PhD), Tijjani Adam Waziri, Prof Hussainatu Abdullahi (Mrs), Eziamaka, E. Obi (Mrs)
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1A. A. Bello (PhD), 2Tijjani Adam Waziri, 3Prof Hussainatu Abdullahi (Mrs), 4Eziamaka, E. Obi (Mrs) 1. Department of Economics, Usmanu Danfodiyo University, Sokoto, Nigeria. 2. Kashim Ibrahim College of Education, Maiduguri, Borno State, Nigeria 3. Department of Economics, Usmanu Danfodiyo University, Sokoto, Nigeria 4. MPhil Research Student, Department of Business Administration, Usmanu Danfodiyo University, Sokoto
MLA 8 Bello, A. A., et al. "IMPACT OF PUBLIC EDUCATION EXPENDITURE ON HUMAN CAPITAL DEVELOPMENT IN NIGERIA (1970-2015)." Int. j. of Social Science and Economic Research, vol. 5, no. 5, May 2020, pp. 1079-1101, ijsser.org/more2020.php?id=77. Accessed May 2020. APA Bello, A., Waziri, T., Abdullahi, P., & E. Obi, E. (2020, May). IMPACT OF PUBLIC EDUCATION EXPENDITURE ON HUMAN CAPITAL DEVELOPMENT IN NIGERIA (1970-2015). Int. j. of Social Science and Economic Research, 5(5), 1079-1101. Retrieved from ijsser.org/more2020.php?id=77 Chicago Bello, A. A., Tijjani Adam Waziri, Prof Hussainatu Abdullahi, and Eziamaka, E. Obi. "IMPACT OF PUBLIC EDUCATION EXPENDITURE ON HUMAN CAPITAL DEVELOPMENT IN NIGERIA (1970-2015)." Int. j. of Social Science and Economic Research 5, no. 5 (May 2020), 1079-1101. Accessed May, 2020. ijsser.org/more2020.php?id=77.
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Abstract: The study empirically examines the impact of public education expenditure on Human Capital Development in Nigeria within a time frame of 46 years (1970-2015). Time-series data sourced from Central Bank of Nigeria and World Development Indices were used and analyzed using Auto Regressive Distributed Lag Model (ARDL) Approach. The results from the Unit Root tests indicate mixture of integration among the variables. ARDL co-integration Bound test suggests the presence of long-run relationship among all the variables. The results estimate on ARDL long-run estimate reveal that Enrolment (ENROL) Proxy for Human Capital Development is positively related to Government Capital Expenditure on Education (GCEE) in which a 1% change in GCEE leads to 0.02% change in Enrolment. While ENROL is negatively related to Government Recurrent Expenditure on Education (GREE) that is, 1% change in GREE will lead to 0.07% change in ENROL. The study also reveals a unidirectional causal relationship between GCEE and ENROL, and bidirectional relationship between Government recurrent expenditure on ICT (GREICT) and ENROL. The study recommends that careful scrutiny of public expenditures should be undertaken by making Education for all a priority through increased spending since adequate funding is necessary for operations and maintenance of education infrastructures.

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