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Rivers State University, Port Harcourt.
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| Title: | School Enrolment, Public Expenditure And Economic Growth In Nigeria |
| Author(s): | ROBINSON Gbaranen |
| Abstract: | In this study, the effect of public education expenditure and school enrollment on economic growth in Nigeria was examined. Primary and secondary school enrolment were used as proxies for school enrolment while real GDP growth was used as a measure of economic growth. Data for the investigation were obtained from the Central Bank of Nigeria Statistical Bulletin and World Development Indicators (WDI). The data analysis techniques include descriptive statistics, unit root and cointegration tests and autoregressive distributed lag (ARDL) model. The unit root test results showed that the variables are mixed integrated. While secondary school enrolment is integrated of order one, the other variables in the model are integrated of order one. There is evidence of long run relationship among the variables from the bounds cointegration test results. The ARDL results showed that public expenditure in education has an insignificant negative effect on real GDP in both long and short run. This explains the poor funding of the education sector which has limits its contribution to economic growth in Nigeria. The results further showed that primary school enrolment has a significant positive effect on real GDP in the short run. At the same time, secondary school enrolment has a positive and significant effect on real GDP in the long run. This finding is consistent with the a priori expectation and suggests that increase in secondary school enrolment improves the level of human capital with significant positive contribution to economic growth. The error correction coefficient (0.9942) is negative and highly significant, which implies that the model can adjusts to long run equilibrium position at a speed of 99.42 percent. Based on the findings, this study recommends among others that government should provide incentives while synergizing with the private sector to increase the school enrolment rate, and in so doing create more opportunities for economic growth. |
| Keywords: | Primary School Enrolment, Public Expenditure, Economic Growth |
| Journal: | Economic and Social Science Review (ESR) |
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