Volume: Vol. 4 No. 2 | Page: 28-36
Akinlo Taiwo, Akinsokeji Rogers Adebayo, Olomu Michael Oluwaseun
The Impact of Human Capital on Industrial Development in Sub-Saharan Africa
Abstract:

In any economy, human capital development has been identified as an important factor in lowering unemployment and boosting the number of entrepreneurs. However, the impact of human capital on long-term industrial development in sub-Saharan Africa has received insufficient attention. During the period 1986-2018, the study focused on the impact of human capital development on industrial development in sub-Saharan Africa. Primary enrolment, secondary enrolment, tertiary enrolment, and total labour force were used to measure human capital, whereas industrial development was measured by industrial value-added. The study found that human capital contributes to industrial development as the human capital indicators have a positive and significant impact on industrial value-added. The study also found that physical capital exerts a negative impact on industrial development while the impact of trade openness is mixed.

Keywords: human capital; industrial value-added; GMM; sub-Saharan Africa
Citation: Akinlo Taiwo, Akinsokeji Rogers Adebayo, Olomu Michael Oluwaseun (2021). The Impact of Human Capital on Industrial Development in Sub-Saharan Africa. Nigerian Studies in Economics and Management Sciences, Vol. 4 No. 2, 28-36.
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