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Capital Accumulation and Labour Productivity Growth in Nigeria

Journal: International Journal of Economics and Financial Research (Vol.4, No. 6)

Publication Date:

Authors : ;

Page : 171-179

Keywords : Capital accumulation; Labour productivity growth; Physical capital; Human capital.;

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Abstract

This study evaluates the role of capital accumulation on labour productivity growth in Nigeria. Endogenous growth and efficiency wage theories are employed in explaining the determinants of labour productivity. The ordinary least squares method of estimation employed to evaluate the effect of capital accumulation on labour productivity and employment generation in Nigeria over the time frame of 1970-2014. The findings of this study include: education expenditure and capital formation's impact on labour productivity growth is time dependent; health expenditure positively impacts labour productivity growth; compensation to employee negatively impacts productivity growth in Nigeria.

Last modified: 2018-11-06 18:02:53