The Value of Human Capital Expenditure: Tracing its Relevance, Reliability and Diminishing Marginal Return

2013 ◽  
Author(s):  
Dennis William Taylor ◽  
Sang-Ho Kim
Keyword(s):  
Human Capital ◽  
Capital Expenditure ◽  
Marginal Return

scholarly journals Correlates of human capital expenditure among rural households in Nigeria

2018 ◽  
Vol 40 (335) ◽  
pp. 41-53 ◽  
Author(s):  
Oluwakemi Adeola Obayelu ◽  
Ayodeji Ojo ◽  
Olamide Oladoyin
Keyword(s):  
Human Capital ◽  
Capital Expenditure ◽  
Rural Households ◽  
Household Head ◽  
Household Survey ◽  
Educational Interventions ◽  
National Bureau ◽  
Access To Education ◽  
Heckman Selection Model ◽  
Rural Nigeria

Abstract Human capital development is increasingly gaining policy relevance especially with the implementation of the Sustainable Development Goals (SDGs). This study examined the correlates of human capital expenditure in rural Nigeria. General Household Survey dataset collected by the National Bureau of Statistics was used for this study. Descriptive statistical tools, principal components analysis and the Heckman selection model were used to analyse relevant data. The study found majority of the households were male-headed, with an average size of 7 people. In terms of access to education, 62.1% of the surveyed households had access to education and spent an average of NGN 12,570.56 on education. The age of household head, access to loans, marital status and household size were the correlates of human capital expenditure in rural Nigeria. Also, school fees and registration accounted for 41.2% of households’ expenditure on education. The study found paucity of funds, low priority placed on education and low interest were the main constraints to human capital expenditure. The study recommended the design and implementation of pro-poor educational interventions especially for children from rural households. Also, there is the need for government, multilateral organisations and financial institutions to position rural households for financial inclusion.

Human Capital Impact on Economic Growth in Nigeria

2021 ◽  
Vol 7 (18) ◽  
pp. 15-22
Author(s):  
Chuwuemeka Ogugua AGBO ◽  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Private Investment ◽  
Series Data ◽  
Tertiary Institutions ◽  
Explanatory Variables ◽  
The Government ◽  
The Impact

This study aims to examine the impact of human capital on economic growth in Nigeria. Despite all effort to improve education condition in Nigeria, there hasn’t been much encouraging improvement. This has caused a large number of the population to move abroad for studies. Most conducive tertiary institutions are owned by private individuals, the government owned universities have been overlooked and recklessly abandoned. In this study OLS multiple regression was adopted to analyze the time series data for the period of 1985-2018 to test if Average Year of Schooling (AVYS), Private Investment in Telecommunication (PIT), Capital Expenditure on Education (CEE), and Recurrent Expenditure on Education (REE) have an impact on growth in Nigeria or not. The data was derived from CBN statistical Bulletin (2018). Result showed that all the four explanatory variables have significant impact on Economic growth. However, it is therefore important for government to increase education budget annually.

scholarly journals EMPIRICAL ANALYSIS OF THE IMPACT OF KADUNA STATE GOVERNMENT EXPENDITURE ON EDUCATION ON HUMAN CAPITAL DEVELOPMENT

2016 ◽  
Vol 4 (4) ◽  
pp. 542-546
Author(s):  
Yunana Titus Wuyah ◽  
Muhammad Dahiru Ahmad
Keyword(s):  
Human Capital ◽  
State Government ◽  
Primary Schools ◽  
Capital Expenditure ◽  
Government Expenditure ◽  
The State ◽  
Least Square ◽  
Human Capital Development ◽  
Capital Development ◽  
The Impact

This study empirically examine the impact of government expenditure on education on human capital development in Kaduna State over the last 15 years (2000-2015) using econometrics model with Ordinary Least Square (OLS) technique.The paper test for presence of stationary between the variables using Augmented Dickey Fuller (ADF) and autocorrelationusing Durbin Watson statistics. The results reveals all the variables were not stationary in levels except capital expenditure (CE) and Primary schools enrolment (PE) while the rest were stationary at second difference. DW shows presence of serial correlation. The regression results indicated that government expenditure on education have significant impact on human capital development in Kaduna State. It could therefore be recommended that the state government should increase its capital and recurrent expenditure on education, ensure proper management and monitory of funds made for the teachers, constant payment of teachers salaries and allowances in a manner that it will raise the state production capacity. The state should construct addition primary and secondary schools across the state, with modern facilities, and employ more teachers.

Human Capital Expenditure and Income in Developing Countries

2021 ◽  
Vol 55 (3) ◽  
pp. 113-128
Author(s):  
Ficawoyi Donou-Adonsou ◽  
Gyan Pradhan ◽  
Hem C. Basnet
Keyword(s):  
Developing Countries ◽  
Human Capital ◽  
Capital Expenditure

scholarly journals Government Capital Expenditure and Private Sector Investment in Nigeria

2019 ◽  
Vol 6 (1) ◽  
pp. 71-82
Author(s):  
Felix Gbenga Olaifa ◽  
Oluwasegun Olawale Benjamin
Keyword(s):  
Human Capital ◽  
Private Sector ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Unit Root Test ◽  
Private Investment ◽  
Series Data ◽  
Private Sector Investment ◽  
Integration Test ◽  
Physical Assets

This paper analyses the relationship between government capital expenditure and private investment in Nigeria using time series data spanning from 1981 to 2016. Government capital expenditure was disaggregated into different components and ADF unit root test was employed to establish the stationarity properties of the variables in the model. The result of Johanson co-integration test revealed that the variables have long run relationship. Co-integration regression results suggested that capital expenditure on physical assets and defense displaced private sector investment while government capital expenditure on human capital and public debt servicing promote private sector investment in Nigeria. Furthermore, the results of T-Y causality revealed the bidirectional causality private sector investment and government capital expenditure in Nigeria. Based on these findings, the paper recommends that government capital expenditure should be channel to human capital in order to promote private sector investment in Nigeria. In addition, the Nigerian government should pay more attention to capital expenditure on physical assets since it has a significant impact on private sector investment. Lastly, Nigeria government should address the issue of budget delay, corruption, and mismanagement in Nigerian institutions.

scholarly journals The Effect of Fiscal Balance Funds on Local Economic Growth in Indonesia

2020 ◽  
Vol 006 (02) ◽  
pp. 297-304
Author(s):  
Priyo Anggono
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Central Government ◽  
Local Governance ◽  
Capital Expenditure ◽  
Fiscal Balance ◽  
Local Economic Growth ◽  
The Relationship ◽  
Positive Effect ◽  
Important Policy Implication

The fiscal balance funds are the funds from the central government for the local government, and it has become the main revenue for the local governance. As the main revenue, the fiscal balance funds could affect the local economic growth. By looking at the data from the period of 2011 to 2018, this essay investigates two things, first is the relationship between fiscal balance funds and the local economic growth. This essay also identifies what are the major determinants of local economic growth in Indonesia is. Furthermore, do the results differ across regional groups. The essay finds that the relationship between fiscal balance funds have positive effect on economic growth. With the most significant funds are the DAU and DAK. The results also confirm that increasing human capital would increase economic growth. This essay also finds that even though the results for regions vary, capital expenditure still shows positive effect for economic growth. The findings from this essay would have important policy implication for the central government in Indonesia in reviewing the fiscal balance policy and determining the priority sectors

scholarly journals Effect of Human Capital Expenditure on the Profitability of Quoted Manufacturing Companies in Nigeria

2016 ◽  
Vol 8 (2) ◽  
pp. 155
Author(s):  
Philip Segun Olowolaju ◽  
Olayemi Deborah Oluwasesin
Keyword(s):  
Human Capital ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Work Force ◽  
Manufacturing Companies ◽  
Inferential Statistics ◽  
Explanatory Variables ◽  
Secondary Sources ◽  
Net Profit ◽  
Level Of Significance

<p>The study examined the effect of human capital on the profitability of quoted manufacturing companies in Nigeria. The study aimed at determining if expenditure on human has influence on the profitability of listed manufacturing companies on the Nigeria Stock Exchange. A sample of 10 listed manufacturing companies on the Nigeria Stock Exchange was used for the study. This study used data mainly from secondary sources and the analysis of data collected was done using descriptive and inferential statistics. The descriptive statistics include mean, standard deviation, kurtosis, skewness while inferential statistics that was used in testing the hypotheses include panel regression and correlation. The study revealed that all the explanatory variables have positive relationship with profitability, however, expenditure on health contributed more to the profitability of the firms with a beta value of 27.8609 than expenditures on salaries and wages, training and contributory pension with beta values of 0.3107, 2.6752 and 3.4519 respectively. The study also found that that only expenditure on health can significantly predict net profit at 5% level of significance. The study concluded that human capital expenditure significantly influenced profitability of manufacturing companies quoted on the Nigerian Stock Exchange and companies that place more emphasis on human capital, maintaining it and treating it as a pure asset will have motivated work force.</p>

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