This paper employs the autoregressive distributed lag bound test and Nigerian time series data spanning 1980–2016 to provide empirical evidence on the educational financing—(youths) capacity development nexus via secondary school enrollment channel. The greatest factor that is pivotal to developing the capacity of Nigerian youths is investment in the quantity of education, and more significantly in its quality. The paper's main results show that budgetary allocation to education positively and significantly impacts secondary school enrollment, both in the long and short runs. Thererfore, the study recommends a substantial investment in the educational sector even if there has to be a trade‐off with other types of unproductive investment.

中文翻译：

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教育投资是否会增强尼日利亚青年的能力建设？自回归分布式滞后方法

本文采用自回归分布滞后检验和尼日利亚时间序列数据（1980-2016年），通过中学入学渠道，为教育筹资-（青少年）能力发展联系提供了经验证据。对尼日利亚年轻人的能力发展至关重要的最大因素是对教育数量的投资，更重要的是对教育质量的投资。该论文的主要结果表明，从长期和短期来看，教育预算拨款对中学入学率均产生积极且显着的影响。因此，该研究建议即使需要与其他类型的非生产性投资进行权衡，也应在教育领域进行大量投资。