Dynamic Relationship among Education, Poverty and Economic

Mohammed Inuwa Dauda, Ademola-John I.C

Abstract


This study examined the dynamic relationship among education, poverty and economic growth in Nigeria from 1986 to 2011. The study employed secondary data sourced from World Bank World Development Indicators, Central Bank of Nigeria (CBN) annual reports and statement of accounts and statistical bulletin. The data were analyzed using Unit Root Test, Co-integration, Error Correction Mechanism, and Granger Causality Test. There is long run relationship among education, poverty and economic growth in Nigeria. There is a unidirectional causality from poverty to economic growth at 5 percent level of significance; but there is no causal relationship between education and poverty, education and economic growth and between poverty and economic growth at 5 percent level of significance. The study recommends among others that policies that can improve literacy rate such as acquisition of skills, entrepreneurship education or development, small scale enterprise that can reduce the level of poverty in Nigeria should be adopted.


Full Text: PDF
Download the IISTE publication guideline!

To list your conference here. Please contact the administrator of this platform.

Paper submission email: RHSS@iiste.org

ISSN (Paper)2224-5766 ISSN (Online)2225-0484

Please add our address "contact@iiste.org" into your email contact list.

This journal follows ISO 9001 management standard and licensed under a Creative Commons Attribution 3.0 License.

Copyright © www.iiste.org