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Submitted
August 31, 2023
Published
December 28, 2023
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Abstract

This study empirically investigated the effect of human capital flights on economic growth in Nigeria from 1981 to 2020. It used recent advances in time series analysis, which are fractional integration and co-integration framework. The net migration rate and remittance were used to capture human capital flight. The results show that shocks and spikes in human capital flight variables have a lasting effect. However, the Hausman test of fractional co-integration revealed that a long-run relationship does not exist between human capital flight and economic growth. This may be due to an increasing youth population and an abundant labor market. Therefore, this study eases the fear of a detrimental human capital flight on Nigeria’s economic growth over the study period and does not find evidence of a gain through remittances. Hence, the government should facilitate the productive use of migrant remittances by improving financial literacy, encouraging investment in productive assets, and providing a favorable environment for small enterprises.

Keywords

Human capital flight economic growth fractional co-integration Nigeria

Article Details

Author Biographies

Adetutu Omotola Habib, Babcock University, Nigeria

Habib Adetutu is a Grant Writer and Assitant Lecturer at Research, Innovation and International Cooperation, Babcock University, Nigeria. She holds a Master's degree in Economics and her research interest spans across human capital development and economic policy.

Awolaja Oladapo, Babcock University

Dr. Awolaja Oladapo (ORCID Nos. 0000-0003-3047-4867) is a Senior Lecturer in the Department of Economics at Babcock University, Nigeria. He has over 15 years of teaching experience. His research interests are macroeconomics, public sector economics, environmental economics, and financial economics.

How to Cite
Habib, A. O., & Oladapo, A. (2023). Human Capital Flight and Economic Growth in Nigeria. Pan-African Journal of Education and Social Sciences, 4(2). Retrieved from https://journals.aua.ke/pajes/article/view/404
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