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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The research examined the “role of female journalists on Nigerian broadcast media (A case study of BCOS...
Abstract: This research evaluates the effectiveness of career counseling in vocational scho...
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A major engine of economic growth and development of any nation is the stock market. It impacts positively on the economy by pro...
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The main aim of this research work is to compare the factors affecting cost of industrialized building and...
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The study was aimed at ascertaining Business Education teacher’s perceptions regard...
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This study examines The Impact of Human Resources Management on Productivity of an Organization (A case study N...
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The Child’s Rights Act 2003 (CRA) is a product of International and Regional legal frameworks on the rights of the child a...
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The purpose of this research work is to find out the course and consequences of examination malpractice in seco...
Abstract
This project work examine the problems of road transportation in Edo State, Egor as a case study. The objectiv...
Objective: This study...