Does Education matter for inclusive Growth? The Nigerian Case
Keywords:education, enrolment, literacy rate, inclusive growth, Nigeria
AbstractThis study examines the role of education in enhancing inclusive growth in Nigeria for the period 1980 to 2014. The study utilizes the Dynamic Error Correction model and the results show that tertiary enrolment positively and significantly enhanced average income, while secondary enrolment and literacy rate positively, but insignificantly, enhanced per capita GDP. Also, tertiary enrolment and secondary enrolment negatively and significantly enhanced unemployment, but literacy rate positively impacts unemployment confirming the existence of graduate unemployment in Nigeria. Skills development programmes are therefore recommended to be incorporated into the education system in order to increase economic growth participation and benefit sharing with a view to promoting inclusive growth in Nigeria.
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