The Role of Human Capital in Industrial Development: The Nigerian Case (1980-2010)

HTML  Download Download as PDF (Size: 300KB)  PP. 639-651  
DOI: 10.4236/me.2013.410069    9,917 Downloads   17,674 Views  Citations

ABSTRACT

Human capital development is seen as a focal point for pivoting industrial development, for reducing the level of unemployment and increasing the supply of entrepreneurs in any economy. However, the effect of human capital on sustainable industrial development in Nigeriahas not been adequately explored. In view of various policies adopted by successive governments to advance industrialization inNigeria, the study examined the effect human capital development has had on industrial growth in the light of various factors that could have shaped industrial performance. In addition, the different educational enrollment rates were examined to find out if any significant positive impact will be felt in the industrial sector. Time series data covering the period between 1980 and 2010 were used with an appropriate econometric technique. It was discovered that human capital has to a large extent impacted on industry value-added, but in terms of output generated industrially, the effect of human capital remains low inNigeria.

Share and Cite:

A. Adejumo, P. Olomola and O. Adejumo, "The Role of Human Capital in Industrial Development: The Nigerian Case (1980-2010)," Modern Economy, Vol. 4 No. 10, 2013, pp. 639-651. doi: 10.4236/me.2013.410069.
Journals Menu
Follow SCIRP
Contact us
+1 323-425-8868
customer@scirp.org
WhatsApp +86 18163351462(WhatsApp)
Click here to send a message to me 1655362766
Paper Publishing WeChat

Copyright © 2024 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.