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International Journal of Academic Research in Business and Social Sciences April 2014, Vol. 4, No. 4. ISSN: 2222-6990. Human Capital Development and Economic Growth: The Nigeria Experience God'stime Osekhebhen Eigbiremolen1. Department of Economics, University of Nigeria, Nsukka E-mail: Uchechi Shirley Anaduaka Department of Economics, University of Nigeria, Nsukka E-mail: DOI: URL: Abstract This study employs the augmented Solow Human - Capital -growth model to investigate the impact of Human Capital Development on national output, a proxy for Economic growth, using quarterly time- series data from 1999-2012. Empirical results show that Human Capital Development , in line with theory, exhibits significant positive impact on output level. This implies that Human Capital Development is indispensable in the achievement of sustainable Economic growth in Nigeria, as there is an increase in Economic performance for every increase in Human Capital Development .
International Journal of Academic Research in Business and Social Sciences April 2014, Vol. 4, No. 4 ISSN: 2222-6990 25 www.hrmars.com Human Capital Development and Economic Growth:
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