Government Education Spending and Education Outcome in Nigeria

Charles Uchenna Obi; Sylvester Chukwunonso Ekesiobi; Stephen Kelechi Dimnwobi; Emilia Mukosolu Mgbemena

doi:doi:10.11648/j.ijefm.20160404.18

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Government Education Spending and Education Outcome in Nigeria

Charles Uchenna Obi, Sylvester Chukwunonso Ekesiobi, Stephen Kelechi Dimnwobi, Emilia Mukosolu Mgbemena

Published in International Journal of Economics, Finance and Management Sciences (Volume 4, Issue 4)

Received: 14 July 2016 Accepted: 25 July 2016 Published: 6 August 2016

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Abstract

Expenditure on education is regarded as investment in human capital because it helps in skill formation and thus raises the ability to work and produce more. Government education spending is of great importance to national development and plays a critical role in promoting growth and knowledge deepening. This paper examines government education spending and education outcome in Nigeria from 1970 – 2013. Employing Augmented Dickey Fuller (ADF) unit root test and Ordinary Least Square (OLS) technique, the study revealed that public education spending has a positive and significant effect on education outcome in Nigeria. Public health expenditure and urban population growth were also found to have positive effects on education outcome but are non significant in determining education outcome. The study recommends among other things, that government should spend more on education which needs to be targeted for the desired effects to be realized. Again government should monitor spending given the history of corruption and embezzlement of public funds in Nigeria.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 4, Issue 4)
DOI	10.11648/j.ijefm.20160404.18
Page(s)	223-234
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Government Spending, Education Outcome, Economic Development

References

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Charles Uchenna Obi, Sylvester Chukwunonso Ekesiobi, Stephen Kelechi Dimnwobi, Emilia Mukosolu Mgbemena. (2016). Government Education Spending and Education Outcome in Nigeria. International Journal of Economics, Finance and Management Sciences, 4(4), 223-234. https://doi.org/10.11648/j.ijefm.20160404.18

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ACS Style

Charles Uchenna Obi; Sylvester Chukwunonso Ekesiobi; Stephen Kelechi Dimnwobi; Emilia Mukosolu Mgbemena. Government Education Spending and Education Outcome in Nigeria. Int. J. Econ. Finance Manag. Sci. 2016, 4(4), 223-234. doi: 10.11648/j.ijefm.20160404.18

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AMA Style

Charles Uchenna Obi, Sylvester Chukwunonso Ekesiobi, Stephen Kelechi Dimnwobi, Emilia Mukosolu Mgbemena. Government Education Spending and Education Outcome in Nigeria. Int J Econ Finance Manag Sci. 2016;4(4):223-234. doi: 10.11648/j.ijefm.20160404.18

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@article{10.11648/j.ijefm.20160404.18,
  author = {Charles Uchenna Obi and Sylvester Chukwunonso Ekesiobi and Stephen Kelechi Dimnwobi and Emilia Mukosolu Mgbemena},
  title = {Government Education Spending and Education Outcome in Nigeria},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {4},
  number = {4},
  pages = {223-234},
  doi = {10.11648/j.ijefm.20160404.18},
  url = {https://doi.org/10.11648/j.ijefm.20160404.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20160404.18},
  abstract = {Expenditure on education is regarded as investment in human capital because it helps in skill formation and thus raises the ability to work and produce more. Government education spending is of great importance to national development and plays a critical role in promoting growth and knowledge deepening. This paper examines government education spending and education outcome in Nigeria from 1970 – 2013. Employing Augmented Dickey Fuller (ADF) unit root test and Ordinary Least Square (OLS) technique, the study revealed that public education spending has a positive and significant effect on education outcome in Nigeria. Public health expenditure and urban population growth were also found to have positive effects on education outcome but are non significant in determining education outcome. The study recommends among other things, that government should spend more on education which needs to be targeted for the desired effects to be realized. Again government should monitor spending given the history of corruption and embezzlement of public funds in Nigeria.},
 year = {2016}
}

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TY  - JOUR
T1  - Government Education Spending and Education Outcome in Nigeria
AU  - Charles Uchenna Obi
AU  - Sylvester Chukwunonso Ekesiobi
AU  - Stephen Kelechi Dimnwobi
AU  - Emilia Mukosolu Mgbemena
Y1  - 2016/08/06
PY  - 2016
N1  - https://doi.org/10.11648/j.ijefm.20160404.18
DO  - 10.11648/j.ijefm.20160404.18
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 223
EP  - 234
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20160404.18
AB  - Expenditure on education is regarded as investment in human capital because it helps in skill formation and thus raises the ability to work and produce more. Government education spending is of great importance to national development and plays a critical role in promoting growth and knowledge deepening. This paper examines government education spending and education outcome in Nigeria from 1970 – 2013. Employing Augmented Dickey Fuller (ADF) unit root test and Ordinary Least Square (OLS) technique, the study revealed that public education spending has a positive and significant effect on education outcome in Nigeria. Public health expenditure and urban population growth were also found to have positive effects on education outcome but are non significant in determining education outcome. The study recommends among other things, that government should spend more on education which needs to be targeted for the desired effects to be realized. Again government should monitor spending given the history of corruption and embezzlement of public funds in Nigeria.
VL  - 4
IS  - 4
ER  -

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Author Information

Charles Uchenna Obi

Department of Economics, Nnamdi Azikiwe University, Awka, Nigeria
Sylvester Chukwunonso Ekesiobi

Department of Economics, Chukwuemeka Odumegwu Ojukwu University, Igbariam, Nigeria
Stephen Kelechi Dimnwobi

Department of Economics, Nnamdi Azikiwe University, Awka, Nigeria
Emilia Mukosolu Mgbemena

Department of Economics, Chukwuemeka Odumegwu Ojukwu University, Igbariam, Nigeria

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APA Style

Charles Uchenna Obi, Sylvester Chukwunonso Ekesiobi, Stephen Kelechi Dimnwobi, Emilia Mukosolu Mgbemena. (2016). Government Education Spending and Education Outcome in Nigeria. International Journal of Economics, Finance and Management Sciences, 4(4), 223-234. https://doi.org/10.11648/j.ijefm.20160404.18

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ACS Style

Charles Uchenna Obi; Sylvester Chukwunonso Ekesiobi; Stephen Kelechi Dimnwobi; Emilia Mukosolu Mgbemena. Government Education Spending and Education Outcome in Nigeria. Int. J. Econ. Finance Manag. Sci. 2016, 4(4), 223-234. doi: 10.11648/j.ijefm.20160404.18

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AMA Style

Charles Uchenna Obi, Sylvester Chukwunonso Ekesiobi, Stephen Kelechi Dimnwobi, Emilia Mukosolu Mgbemena. Government Education Spending and Education Outcome in Nigeria. Int J Econ Finance Manag Sci. 2016;4(4):223-234. doi: 10.11648/j.ijefm.20160404.18

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@article{10.11648/j.ijefm.20160404.18,
  author = {Charles Uchenna Obi and Sylvester Chukwunonso Ekesiobi and Stephen Kelechi Dimnwobi and Emilia Mukosolu Mgbemena},
  title = {Government Education Spending and Education Outcome in Nigeria},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {4},
  number = {4},
  pages = {223-234},
  doi = {10.11648/j.ijefm.20160404.18},
  url = {https://doi.org/10.11648/j.ijefm.20160404.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20160404.18},
  abstract = {Expenditure on education is regarded as investment in human capital because it helps in skill formation and thus raises the ability to work and produce more. Government education spending is of great importance to national development and plays a critical role in promoting growth and knowledge deepening. This paper examines government education spending and education outcome in Nigeria from 1970 – 2013. Employing Augmented Dickey Fuller (ADF) unit root test and Ordinary Least Square (OLS) technique, the study revealed that public education spending has a positive and significant effect on education outcome in Nigeria. Public health expenditure and urban population growth were also found to have positive effects on education outcome but are non significant in determining education outcome. The study recommends among other things, that government should spend more on education which needs to be targeted for the desired effects to be realized. Again government should monitor spending given the history of corruption and embezzlement of public funds in Nigeria.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Government Education Spending and Education Outcome in Nigeria
AU  - Charles Uchenna Obi
AU  - Sylvester Chukwunonso Ekesiobi
AU  - Stephen Kelechi Dimnwobi
AU  - Emilia Mukosolu Mgbemena
Y1  - 2016/08/06
PY  - 2016
N1  - https://doi.org/10.11648/j.ijefm.20160404.18
DO  - 10.11648/j.ijefm.20160404.18
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 223
EP  - 234
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20160404.18
AB  - Expenditure on education is regarded as investment in human capital because it helps in skill formation and thus raises the ability to work and produce more. Government education spending is of great importance to national development and plays a critical role in promoting growth and knowledge deepening. This paper examines government education spending and education outcome in Nigeria from 1970 – 2013. Employing Augmented Dickey Fuller (ADF) unit root test and Ordinary Least Square (OLS) technique, the study revealed that public education spending has a positive and significant effect on education outcome in Nigeria. Public health expenditure and urban population growth were also found to have positive effects on education outcome but are non significant in determining education outcome. The study recommends among other things, that government should spend more on education which needs to be targeted for the desired effects to be realized. Again government should monitor spending given the history of corruption and embezzlement of public funds in Nigeria.
VL  - 4
IS  - 4
ER  -

Copy | Download