The Importance Of Education On Economic Development

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Education is essential to the development of a country. Ancient Greek philosophers, Aristotle and Plato believed that education is fundamental to the moral fulfilment of individuals and the well-being of the society in which they live in (Stonehouse, Allison, & Carr, 2011). Over the years, research has supported this conventional wisdom (Cooray, 2010; Hanushek & Wößmann, 2007; Lauder, Brown, Dillabough, & Halsey, 2006). Barro (1991) and other growth regression studies showed that education has a positive effect on economic growth. Education affects growth through various channels; such as innovation, productivity and human capital (Borensztein, De Gregorio, & Lee, 1998).
Education for all children has been a pressing issue concerning all countries. The second Millennium Development Goal (MDG) aims to provide universal primary education by 2015. Developed countries are closer to achieving the MDG education goal than developing countries (UNESCO,
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This will be answered once we begin to understand what determines a child attending school. The first stage of a chid attending school is the primary school level. Primary school education is the bedrock of education pursuit. It provides the opportunity of access route into post-primary education system, as well as financial benefits. The persistence of low primary school attendance could hinder the country’s overall progress. This study examines the key determinants of primary school attendance within the context of individual, household and community characteristics in Nigeria.
The overall objective of this study is to present substantial evidence pertaining to the determinants of primary school attendance in Nigeria. The study aims to show the key variables influencing the school attendance of children with a focus on individual, household and community characteristics. This study also aims to suggest some policy

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