Journal of Emerging Trends in Educational Research and Policy Studies: Home

Abstract:
The study examined the dynamic relationship between demand for university and polytechnic educations and the performance of the Nigerian economy for the period of 1985 to 2013. Time series econometrics (Granger Causality and Autoregressive Distributed Lag Model) was applied to test the causal, short run and long run relationship among the variables. The result of the Granger Causality test revealed that there is a unidirectional causality running from university enrolment to real gross domestic product. The test also shows that there is bidirectional causality between polytechnic enrolment and real gross domestic product. The bound test established the presence of a long run relationship among the series. Polytechnic enrollment constitutes a leakage to the Nigeria economy while University education has positive long run impact on the economy. The paper recommends that Government and other relevant stakeholders reviews the education system such that products of polytechnics are able to match up with Nigeria technological and labor market challenges and enhance their contributions towards national output in the bid to achieve sustainable development.

Keywords: tertiary education, growth effects, causality, bound test.

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