0704-883-0675     |      dataprojectng@gmail.com

PUBLIC EDUCATION EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA: 1970 - 2010

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

ABSTRACT

Theoretical and empirical evidences support the prime role of public education expenditure in rapid and persistent economic growth. However, available statistics in Nigeria does not seem to support this view. An average of 5.72 per cent of public expenditure was spent on education between 1970 and 2010. During the same period, economic growth was not only inconsistent, but averaged 0.6 per cent. Public education expenditure, no doubt promotes educational attainment which could be regarded as a proximate target. It could also have a direct effect on economic growth through the multiplier effect of government spending. These relationships are seldom captured by empirical studies especially those based on Nigerian data. Also issues such as endogeneity problem associated with growth empirics are often overlooked. This is evident in the specification of empirical models and consequently the lack of consensus in the results obtained. In a nutshell, the channel through which public education expenditure affects economic growth is not yet well understood. This study examines the direct and indirect effects of both public recurrent and capital expenditure on education and economic growth in Nigeria from 1970 to 2010.The Instrumental Variable Two Stage Least Squares (IV2SLS) estimation technique which ensures both unbiased and consistent coefficient estimates is employed. The result reveals that public education expenditure has both direct and indirect effects on economic growth. The indirect channel has been more relevant for economic growth in Nigeria. Thus, total public education expenditure can promote economic growth without necessarily first improving education attainment.. The study also reveals that public recurrent education expenditure (pree) and public capital education expenditure (pcee) have different effects on economic growth. The regression results suggest that capital expenditure has greater effect on education (proxied by secondary school education) while recurrent expenditure has greater effect on economic growth. However, to maximize the benefits from public education expenditure, strategies that ensure greater efficiency of public education expenditure were suggested.




FIND OTHER RELATED TOPICS


Related Project Materials

EFFECT OF NIGERIAN FILMS ON CHRISTIAN YOUTHS IN PENTECOSTAL CHURCHES IN KADUNA STATE, NIGERIA

ABSTRACT

The study is an investigation into the ”Effect of Nigerian films on Christian Youths in Pentecostal Churches in Kaduna sta...

Read more
ASSESSMENT OF THE METHODOLOGY OF TEACHING AND LEARNING IN ISLAMIYYAH SCHOOLS AND ITS CONTRIBUTION TO THE DEVELOPMENT OF ISLAMIC EDUCATION IN ZAZZAU EMIRATE, KADUNA STATE, NIGERIA.

ABSTRACT

This study assessed the Methodology of Teaching and learning in the Islamiyyah Schools and its contribution to the Development o...

Read more
DESIGN AND IMPLEMENTATION OF A COMPUTERIZED PRODUCT DISTRIBUTION MONITORY SYSTEM (NIGERIA BREWERIES 9TH MILE CORNER ENUGU STATE)

BACKGROUND OF THE STUDY

Distribution as often said is a system by which products are transferred from t...

Read more
EFFECT OF TAX AUTHORITY IN THE PREVENTION AND DETECTION OF TAX FRAUD IN NIGERIA

ABSTRACT

The primary purpose of this study is to examine the effect of tax authority in the prevention and detection of...

Read more
THE EFFECTIVENESS OF E-NAIRA SERVICES TO USERS (CASE STUDY OF SELECTED E-NAIRA USERS IN LAGOS STATE)

Background Of The Study

There have not been any broadly agreed definition of digital currency. This is...

Read more
THE ROLE OF ETHICAL INVESTING IN MODERN PORTFOLIOS

ABSTRACT

THE ROLE OF ETHICAL INVESTING IN MODERN PORTFOLIOS

This study investigates the role of ethical investing in modern por...

Read more
A CRITICAL ANALYSIS OF THE POWERS OF THE TAX APPEAL TRIBUNAL UNDER THE FEDERAL INLAND REVENUE SERVICE ACT, 2007 IN THE SETTLEMENT OF TAX DISPUTES IN NIGERIA.

ABSTRACT

A critical appraisal of the powers of the Tax Appeal Tribunal (TAT) in the settlement of Tax disputes in Nigeria stems from the...

Read more
THE ROLE OF FINANCIAL MANAGEMENT IN CRISIS MANAGEMENT

Abstract: THE ROLE OF FINANCIAL MANAGEMENT IN CRISIS MANAGEMENT

This study investigates the role of financial management in crisis manage...

Read more
A SURVEY ON DIROFILARIA IMMITIS AND ITS PREVALENCE IN DOGS IN ZARIA

EXCERPT FROM THE STUDY

Dirofilaria immitis: Is a common parasite of dogs (and some oth...

Read more
ASSESSING THE IMPACT OF EARLY CHILDHOOD EDUCATION ON FAMILY WELL-BEING

ABSTRACT: This study Assessed the Impact of Early Childhood Education on Family Well-being. The objectives o...

Read more
Share this page with your friends




whatsapp