Human Capital and Manufacturing Productivity in Nigeria

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dc.contributor.authorDauda, Rasaki
dc.date.accessioned2022-03-30T08:50:27Z
dc.date.available2022-03-30T08:50:27Z
dc.date.issued2014
dc.description.abstractThis study examined the impact of human capital on manufacturing productivity in Nigeria. It employed the time series data, covering the period 1981-2012. The time series properties of the variables were examined using the Phillips-Perron (PP) tests for unit roots and co-integration analysis. Thereafter, error correction estimation technique was applied to achieve the objective of the study. The findings were mixed. Health expenditure had positive and significant impact on manufacturing productivity while education expenditure affected manufacturing productivity negatively and significantly. A percentage rise in health and education expenditures led to approximately 0.02% increase and 0.01% decline in manufacturing productivity respectively,. The coefficient of error correction variable was rightly signed and statistically significant. The speed of convergence to equilibrium was 46%. The adjusted R-squared stood at 88% an indication of a strong explanatory power of the model. The policy implication of the study is that government should increase expenditure on health facilities while expenditure on education should be strictly monitored.en_US
dc.identifier.urihttp://dspace.run.edu.ng:8080/jspui/handle/123456789/2117
dc.language.isoenen_US
dc.publisherRedeemer’s University Journal of Management and Social Sciencesen_US
dc.subjectHuman capitalen_US
dc.subjectManufacturing productivityen_US
dc.subjectNigeriaen_US
dc.titleHuman Capital and Manufacturing Productivity in Nigeriaen_US
dc.typeArticleen_US
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