IMPACT OF HUMAN CAPITAL ON ECONOMIC GROWTH.
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IMPACT OF HUMAN CAPITAL ON ECONOMIC GROWTH.
ABSTRACT
Human capital development is essential for a country’s economic prosperity. For human capital to have any impact on economic progress, some investment is required.
Investment in human capital includes education, training, health care, and other social services that will help to increase labour productivity. This research investigates the impact of human capital on economic growth in Nigeria between 1980 and 2006.
The study employed the ordinary least squares (OLS) technique to determine the relationship between human capital and economic growth. This research demonstrates the importance of real GDP in promoting human capital development through the ratio of student enrollment in schools.
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