Moses Orshio Adasu University, Makurdi

Impact of Government Expenditure on Human Capital Development in Nigeria

Alfred Cyprain Bognet, Darius Akan Yashim,Adedayo Olufunsho Momoh Bello, Abubakar Inuwa and Sarki, Babangida

Abstract

This study assessed the impact of government expenditure on human capital development in Nigeria over the period 1990 to 2019. The objective of this study is to examine the impact of government expenditure on human capital development in Nigeria. The study applied Autoregressive Distributed Lag Model for the analysis The results revealed that Government Education Expenditure (GEE) showed significant positive impact on Human Development index (HDI), precisely, a unit change in GEE will bring about 0.158620 percent significant increase in HDI in the long-run, while Government Health Expenditure (GHE) showed insignificant positive impact on Human Development (HDI), a unit change in GHE will cause 0.017656 insignificant increases in HDI. Based on the results, the study recommended that government should increase her budgetary allocation to education and health in order to develop its human capital significantly.

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