Vol 10 No 08 (2019)
Management and Economics

Macro-Economic Disequilibrium and Educational Development in Nigeria between 1980-2017

Gbadebo Salako
Department of Economics, Emmanuel Alayande College of Education, Oyo
Adejumo Musibau Ojo
Department of Economics, Emmanuel Alayande College of Education, Oyo
Jaji Ayobami Francis
Department of Economics, Emmanuel Alayande College of Education, Oyo

Abstract

This study empirically investigates the effects of macroeconomic disequilibrium on educational development in Nigeria. The study employed time series data between 1980 and 2017. Autoregressive Distributed Lag method of estimation was employed. The result revealed that the variables stationarity test were mixed between the first difference I(I) and level I(0). The cointegration result shows that there exist long run relationship between the variables. The result revealed that Balance of payment, Poverty, Debt rate inflation and unemployment exhibited negative relationship with educational development. The estimation result showed that all explanatory variables account for 88% variation of educational development in Nigeria. It is therefore recommended that government should fast track policies that can stabilize inflation and exchange rate in the country. Also, Policies must be formulated to reduce poverty and unemployment.

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Published August 25, 2019
How to Cite
Salako, G., Ojo, A. M., & Francis, J. A. (2019). Macro-Economic Disequilibrium and Educational Development in Nigeria between 1980-2017. International Journal of Contemporary Research and Review, 10(08), 20592-21600. https://doi.org/10.15520/ijcrr.v10i08.730

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