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
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.
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.