Nigeria’s Human Development Indices and on Economic Development: a Probability Distribution Approach.

Journal Title: Journal of Empirical Economics - Year 2015, Vol 4, Issue 1

Abstract

This work investigated the implications of HDI data (2005 – 2013) on economic development in Nigeria using a probability distribution approach. Three probability distributions, namely, Generalized Extreme Value (GEV) Distribution, Error Distribution and Uniform (Continuous) Distribution were fitted to the data and it was found out that GEV fitted the data most. The chances of Nigeria still remaining as a low human development country was found to be very high (85%) despite increase in economic growth. Therefore, government in Nigeria was advised to re-evaluate the current economic development plans and strategies to enable it turn economic growth into economic development.

Authors and Affiliations

K. Godslove Egbulonu, Charles N. Eke

Keywords

Related Articles

Does Export Trading Influence Economic Growth In Ghana?

The paper uses annual data to analyse the link between export and economic growth for Ghana for the period 1960 to 2012 using Autoregressive Distributed Lag (ARDL) Model and Granger Predictability test. Using Microfit...

The Determinants of Trade and Trade Direction of Arab Maghreb Union (AMU)

The Arab Maghreb Union (AMU) comprising Algeria, Libya, Mauritania, Morocco, and Tunisia have established a framework to enhance regional cooperation on trade facilitation. Today, the AMU countries have increased their...

The Effect of Institutional Quality on the Export of Developing Countries

In this paper, we studied the effect of institutional quality on the export of developing countries by using a panel data model for 34 countries over the period 1984 to 2009. The results showed that monetary policies (s...

Analysis of Internally Generated Revenue and Its Implications on Fiscal Viability of State Governments in Nigeria

The paper examines the growth rate of state governments Internally Generated Revenue (IGR) in Nigeria between 1999 and 2011. It also compares the growth rate of IGR in urban and rural states as well as investigates the...

Measuring Value at Risk (VaR) of Exchange Rate in Iran

This study attempts to estimate value at risk using GARCH model at 95% confidence level for exchange rate return in Iran, and then selects appropriate model, comparing the results obtained from models with actual behav...

Download PDF file
  • EP ID EP27391
  • DOI -
  • Views 393
  • Downloads 8

How To Cite

K. Godslove Egbulonu, Charles N. Eke (2015). Nigeria’s Human Development Indices and on Economic Development: a Probability Distribution Approach.. Journal of Empirical Economics, 4(1), -. https://europub.co.uk./articles/-A-27391