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The study used annual times series data on gross domestic product, a conventional proxy for economic growth, educational expenditure, the human capital index, and research and development as a control variable from the World Bank development indicators and UNESCO institute of statistics for the period spanning of 1980 to 2021 for 15 ECOWAS member nations. In an attempt to reach the inference that expenditure on education had a substantial impact on the economic growth of ECOWAS member countries over the long and short terms using the panel ARDL. In contrast to the short run scenario, the influence was greater in the long term. In view of the findings it is recommended that the regional government should keep raising the budgetary allotment for education, develop the skills of young and capable minds, and guarantee that teachers receive frequent training and retraining. Finally, Entrepreneurship and innovation courses should also be offered, along with mentorship partnerships.
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 0 | |
popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Average | |
influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Average |