Social Sciences
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Item Export Diversification and Economic Growth in Nigeria: An Application of SVAR Model(4th International Conference on Social Sciences 2018, Research Centre for Social Sciences, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2018) Abdullahi, S.; Jibir, A.Since the oil boom of 1970’s, oil sector remained the dominant sector in the Nigerian Economy accounting for measure shares of export, revenue and foreign exchange earnings. This over dependence on oil has subjected the economy to high level of economic instability in response to external disturbances. A lot of efforts have been made by the government to diversify the economy, but failed due to corruption and lack of proper implementation. Most of the goods exported from Nigeria to other countries are primary commodities whose prices are highly volatile. Export diversification has a lot of advantages which include: boosting the country’s output, higher per capita income, rising foreign direct investment, improvement of terms of trade, reduction of export instability, stablisation of export earnings, increase in productivity among others. The study examines the long run and short run dynamic effects of export diversification on economic growth in Nigeria over the periods 1970 to 2015 using Autoregressive Distributed Lagged Model. The findings of the study revealed that export diversification has significant positive impact on per capita income, foreign direct investment and economic growth both in the short run and long run. The study therefore, recommended that research and development as well as export promotion strategies should be properly designed and implemented.Item Human Capital and Labour Productivity: The case of Nigeria(4th International Conference on Social Sciences 2018, Research Centre for Social Sciences, Faculty of Social Sciences, University of Kelaniya, Sri Lanka, 2018) Jibir, A.; Abdu, M.; Buba, A.; Bello, F.; Hassan, A.A.Human capital is nowadays considered as a key element that can be utilized to achieve organisational objectives. Firms always try to effectively to managed their workforce through human capital development in order to achieve not only business objectives but also business survival and sustainability. It is important to study what factors influence the productivity of firms and the size of the influence since the productivity of firms is recognized as the most important factor determining economic wellbeing at the regional as well as the national level. Firms are naturally influenced by their own attributes and resources. Thus, the study aims to investigate the role of human capital components on labour productivity among firms in Nigeria. The study uses Nigeria Enterprise Survey data set covering 2640 business establishments, involved mainly in retail, food, hotel and restaurant, furniture, non-metallic mineral products, garment and publishing, printing, and recorded media. The study used generalized least squares to estimate the specified model. Empirical results from the study indicate that physical capital, employee’s education, promotion, labour earnings, as well as research and development in Nigeria were positively associated with labour productivity. These results have important policy implications for the targeting policy prescriptions to increase business enterprises’ productivity and competitiveness. The study recommends that firms and government should invest more on human capital through training, education, seminars, R&D and workshops for the continued development of business activities in Nigeria.