Abstract
This study investigates the relationship between government spending on education and economic development in Nigeria using annual time series data for the period of 1981 to 2013 sourced from the Central Bank of Nigeria (CBN) Statistical Bulletin. Using Johansen`s co-integrated test it was established that there is evidence of long run relationship between GDP and government spending on education. The long run coefficient of both capital and recurrent expenditures are statistically significant and are positively related to growth. The error correction term is negative and statistically significant. This suggests there is no sign of any problem in the adjustment from short run to long run equilibrium. The test for Granger causality also shows evidence of a bi-directional causality between recurrent expenditure and economic growth and a unidirectional causality running from capital expenditure to GDP as a proxy to economic growth. We therefore concludes that both capital and recurrent government spending on education positively influenced economic growth in Nigeria over the period under study and hence the paper recommends that, government should increase budgetary allocation on education expenditure in general in order to improve its effect on the growth of the Nigerian economy.
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This study examines A Comparative Assessment of the Use of "ICT" in Teaching Biology in Some Selected...
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The study was carried out on the influence of peer group on the academic performance of secondary school stude...
Abstract: The research investigates the impact of peer learning on adult education. This study aimed to explore how peer learning approaches i...
Background of the study
Following the fluctuation of the naira in 1986, a policy induced by the structural adjustment pr...
Abstract:
The objectives of this research are to (1) explore how strategic resource management contributes...
ABSTRACT
This study investigated the relationship between working capital management measured by account receivable...
The paper presents an economic analysis of vegetable production production in Ukwu...
ABSTRACT
This research project entitled ‘Analysis Of The Application Of The Law In Relation...
Abstract: This study evaluates the effectiveness of financial aid in supporting vocational...
The purpose of this study was to explore the role of gender culture in shaping the entrepreneurial behaviour...