Human capital development and inclusive growth: Implications for achieving SDG-4 in Nigeria
Population studies
32
Issue: 1
(02 - 2018)
Background: This paper examines the relationship between human capital and inclusive
growth and how it can be a viable tool for driving the achievement of the Goal-4 of the United
Nations Sustainable Development Goals (SDGs). Additionally, the study show that the
attainment of SDG Goal-4 can generate more inclusive type of growth through quality
education (human capital development).
Methods: The study employed annual data from 1981-2015 from the National Statistical
Bulletin (2015) and the World Development Indicators (2015). It uses the Error Correction
Mechanism (ECM) and Johansen co-integration estimation techniques.
Findings: The result shows that human capital is statistically significant and has a long run
relationship with the measure of inclusive growth.
Conclusion: The paper concluded that the tools indicated under the SDG-4 can help
government produce a more inclusive growth through the channel of quality education, skill
acquisition and human capital development.
Keywords: Human capital development, Inclusive growth, Sustainable development goals,
education, Johansen co-integration
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