Assessing the efficacy of investing in schooling

A large number of studies have shown private benefit in schooling investment. In Nigeria, studies have shown that education could generate modest or large private benefits. Moreover, theoretical and empirical literature has made a case for significant educational externalities and studies the negative effects of externalities, being pollution, crime, corruption, congestion, and so on.

In the paper ‘Schooling externalities in urban Nigeria: The Social Interactive Sources’ presented at the GDN’s 13th Annual Conference,  Adeolu Adewole (Covenant University of Nigeria) focuses on the positive sides of externalities. The fact that large numbers of people live together in small areas increases chances of interaction thus speeding up positive effects and results in high investment in capital gains.

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