Using the forecast error variance decomposition (FEVD) of the VAR model, this study critically examined the transmission of shocks among private savings, private investment and economic growth in Nigeria. Annual time series data from 1970-2012 were employed in the analysis. The Johansen cointegration test identifies two cointegrating vectors among the three variabl...

The place of human capital development in today's economy cannot be over-emphasised. This study uses the augmented Solow human-capital-growth model to empirically determine its role in enhancing economic performance in Nigeria as well as relate the findings to similar studies in Sub-Sahara Africa countries. The results indicate that gross total capital formation, t...