GASPRO International Journal of Eminent Scholars

ABSTRACT

It was observed that studies that investigate the effect of human capital formation and fertility rate on economic growth in Nigeria were scanty. This study was therefore set out to examine the impact of human capital formation and fertility rate on economic growth in Nigeria. For the analysis of the data, the study adopted data from 1986 and 2018. The study also made use of an ARDL bounds for the long run estimation of data. The result of the study has shown that total fertility rate has a positive significant relationship with the output growth in Nigeria. The findings have also shown that government expenditure on education has a positive significant impact on the economic growth in Nigeria. One of the recommendations was that government should provide the social and economic framework in order to cater for the increasing population which is as a result of a high fertility rate.

KEYWORDS: Human Capital, Fertility Rate, Life Expectancy, ARDL JEL Classification: B22, E62, H51, H53