Effect of Enrolment in Education Institutions on Economic Growth in Nigeria
Adaolisa Animba *
Department of Applied Economics, School of Economics, Kenyatta University, Nairobi, Kenya.
Nelson Wawire
Department of Applied Economics, School of Economics, Kenyatta University, Nairobi, Kenya.
*Author to whom correspondence should be addressed.
Abstract
Economic growth is essential for any country. Enrolment in educational institutions is one of the most important factors that contribute to a country's economic success. The Nigerian government has put various policies in place and also restructured the education system so as to encourage enrollment in educational institutions. Nonetheless, despite these efforts, Nigeria's economic growth has been on a downward trajectory. Several research have produced contradicting outcomes in terms of empirical evidence on why this is the case. The study's research aim is to examine the effect of education institution enrolment on economic growth in Nigeria. Specifically, the study aimed at examining the effect of primary school enrolment, secondary school enrolment and tertiary school enrolment on economic growth in Nigeria. Nigerian Statistical Abstracts, World Development Indicators, and Economic Surveys were used to obtain data. For estimate, the autoregressive distributed lag technique was applied. As a consequence, primary school enrolment had no effect on Nigerian economic growth, secondary school enrolment had a favorable effect on Nigerian economic growth, and tertiary enrolment had no effect on Nigerian economic growth. According to the data, secondary school enrolment in Nigeria is critical for progress. In order to foster growth, the Nigerian government should also advocate policies that increase secondary school enrolment as well as efforts to improve elementary and tertiary school enrolment.
Keywords: Autoregressive distributed lag, economic growth, education, solow growth model