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- What is the Relationship between Human Capital and Economic Growth?
- European Online Journal of Natural and Social Sciences
- Human Capital and Economic Growth: Pakistan, 1960-2003
- Human Capital and Economic Growth in Pakistan: A Cointegration and Causality Analysis
What is the Relationship between Human Capital and Economic Growth?
The new growth literature in general is very optimistic about the positive impact that human capital has on the economic growth of countries. Based on this argument, the current paper focusses to investigate the impact of different types of human capital on economic growth. It is found that it is not the stock of human capital rather its utilization in terms of average working hours that matters for higher growth. Other than human capital, trade openness and investment are positively associated with growth. On the other hand, inflation has an insignificant impact while employment level has a negative impact on growth.
The study observes the role of human capital formation on economic growth in Pakistan by utilized the secondary data form the period of to Data manipulated through least square multiple regression models by using E-view. The main variable human capital Education Enrollment Index has a positive significant impact on dependent variable GDP so it established that enrollment in education preferred for growth of the Pakistani economics and results are robust. There are negative but significant relationship between Infant Mortality Rate and consumer price index with gross domestic product of Pakistan respectively. These results indicate that both health and education sector should be required highly attention to sustain the economic growth of Pakistan. The Pakistan Development Review, 40 4 ,
The purpose of this paper is to test the effect of human capital on Brazilian economic growth through the factor accumulation channel and the total factor productivity channel. We used new human capital measures, covering the period from to and employed the two-step SYS-GMM method, with standard finite sample error correction and principal components analysis for the control of the proliferation of instruments. The results show that human capital affects economic growth through both individually tested channels. Also, both basic and advanced human capital have a positive impact on growth through the total factor productivity channel. However, due to the limited availability of education measures for different countries and regions, many proxies are used in the literature to identify the effect of human capital on economic growth P. Studies on the importance of the role of human for the process of economic growth in Brazil have advanced in recent years.
European Online Journal of Natural and Social Sciences
A considerable body of research has concentrated on the role of human capital investment in explaining the level and variation in production and growth and it has been shown that long-term sustainable growth and development across countries is driven to a large extent by productivity growth. Most of the studies in Pakistan measure human capital by using its proxy as enrollment rate of primary, secondary and tertiary level or expenditure on education. This widespread practice has coexisted with longstanding doubts about using school enrollments as a measure of human capital since there exists a gap between school attendance and entrance into the Labor Market. Further, public expenditure on education is not enough proxy in case of Pakistan because of the fact that there is a large private education sector in the country. Taking cognizance of it, instead of using the school enrollments and public expenditure on education as a measure of human capital, this research examines the role of human capital formation described by education levels of labor force in Pakistan which is more direct measure of human capital than school enrollments and public expenditure on education. Data of educated labor force at primary secondary, tertiary and higher level is collected from Pakistan. Time series data is used from the period to
Human Capital and Economic Growth: Pakistan, 1960-2003
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Welcome to Pakistan Research Repository Show full item record. Qadri, Faisal Sultan. This dissertation work enlightens the contribution of human capital in the economic growth of Pakistan through time series analysis and macroeconomic modelling framework.
This study empirically evaluates the impact of energy, environmental pollution, human capital, financial development, and physical capital on economic growth in countries like Brazil, India, China, and South Africa BRICS-4 from to The key outcomes from the F.
Human Capital and Economic Growth in Pakistan: A Cointegration and Causality Analysis
Cardiff Business School, Cardiff University. Charles I. Jones,
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Human Capital, Economic Growth, Real GDP, Education, Stationarity, Johansen Source: Pakistan economic survey , UNDP and the World Bank. http://garciairanzo.org 7.
In neo-classical theory, evidences are found that human capital is a progressive contributor of economic growth. However, empirically the relationship may not always hold across the countries. The present study can 1 strengthen the role of human capital in accounting for current scenario 2 reunite the prevailing conditions for economic growth and 3 investigates complementary or substitutionary effects of trade openness, inflation and human capital with institutions on economic growth. The results divulge that human capital alone may not be a significant contributor to economic growth in selected Asian Countries. Institutions reinforce the impact of human capital on economic growth; as they provide necessary conditions to amplify the impact of human capital development.