alexa Granger Causality between Growth in the Education Sector and Social Economic Services in Nigeria
ISSN: 2167-0234

Journal of Business & Financial Affairs
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Research Article

Granger Causality between Growth in the Education Sector and Social Economic Services in Nigeria

Oluwapelumi A* and Olaride OB

Department of Mathematics and Statistics, Rufus Giwa Polytechnic, Owo, Ondo State, Nigeria

*Corresponding Author:
Alabi Oluwapelumi
Department of Mathematics and Statistics
Rufus Giwa Polytechnic, Owo
Ondo State, Nigeria
Tel: 08063692710
E-mail: [email protected]

Received Date: February 08, 2017; Accepted Date: March 16, 2017; Published Date: March 26, 2017

Citation: Oluwapelumi A, Olaride OB (2017) Granger Causality between Growth in the Education Sector and Social Economic Services in Nigeria. J Bus Fin Aff 6: 254. doi: 10.4172/2167-0234.1000254

Copyright: © 2017 Oluwapelumi A, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 

Abstract

The relationship between two variables has been mush studied using the concepts of Granger causality. In this study, Nigeria economic data from 1981 to 2015 is used to investigate the causal relationship between education sector growth and socio-economic services (education, health, road & construction and transport & communication), employing unit root test, Johansen co-integration and Granger causality approaches. The result of the study showed that there is long run Granger causality between the education growth and the recurrent expenditure on socio-economic services.

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