Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 362

Full Length Research Paper

Education and economic performance: Lessons from West Africa

Gbadebo Olusegun Odularu1* and Ramilowo Olowookere2
  1School of Business, American Heritage University, San Bernardino, Southern California, United States of America (USA). 2Department of Economics and Development Studies, Covenant University, Ota, Ogun State, Nigeria.
Email: [email protected]

  •  Accepted: 07 September 2009
  •  Published: 31 May 2010

Abstract

 

The study of economic growth across countries has been of utmost interest to economists explaining the various factors that contribute to the growth and development of countries. Thus, in recent times “human resources have been recognized to constitute the ultimate basis for the wealth of nations. In other words, while capital and natural resources are passive factors of production, human being are the active agents who accumulate capital, exploit natural resources, build social, economic and political organizations and carry forward national development. Against this background, this study examines the relationship between education and economic performance in West Africa, using the panel data ordinary least square analysis of selected countries across the sub- region. In conclusion the study recommends that education does matter and it should be restructured to strengthen the human capacities for improved economic performance.

 

Key words: Education, economic performance, West Africa.

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