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Exchange Rate Deregulation and Human Capital Development in Nigeria, 1986-2015
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This research investigates exchange rate deregulation and human capital development in Nigeria from 1986-2015. Data were collected from the Central Bank of Nigeria Statistical Bulletin. The study examines the stochastic characteristics of each time series by testing their stationarity using Augmented Dickey-Fuller (ADF) and Philip Peron (PP) tests. The study also employed ECM for estimation. Variables used in this study included exchange rate, government expenditure on education, government...