Human capital and economic growth in ethiopia pdf

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human capital and economic growth in ethiopia pdf

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Chapter 1. Introduction 1. Background of the study 1. Statement of the Problem 1.

The Impact of Human Capital on Economic Growth in Ethiopia: Evidence from Time Series Analysis

Use of this Web site signifies your agreement to the terms and conditions. Special Issues. Contact Us. Change code. American Journal of Theoretical and Applied Business. The importance of human capital accumulation as an engine of economic growth and development has been widely recognized in theoretical and empirical studies. No country has achieved sustained economic development without substantial investment in human capital.

This volume is a collection of selected empirical studies on determinants of economic growth in Africa. Grouped into three parts, chapters examine the influence of financial sources and economic growth; sources of productivity growth; and prices, exchange rates and trade relationships with growth in regions in Africa or the continent as a whole. His research interests include applied microeconomics, globalization, development strategy, efficiency and productivity and growth with application to manufacturing and services. Skip to main content Skip to table of contents. Advertisement Hide. This service is more advanced with JavaScript available. Determinants of Economic Growth in Africa.


Show full item record. JavaScript is disabled for your browser. Some features of this site may not work without it. Date: Abstract: The main objective of the study is to investigate the long run and short run effect of human capital on economic growth in Ethiopia using educational expenditure, health expenditure, territory school enrollment, secondary school enrollment, primary school enrollment, and official development assistance as proxy of human capital and real GDP as proxy of economic growth over the period This study had employed Johansen Co-integration, vector error correction model with variance decomposition and impulse response analyses to provide robust short run and long run effects of human capital on economic growth.

Request PDF | The Impact of Human Capital Development on Economic Growth in Ethiopia: Evidence from ARDL Approach to Co-Integration.

Determinants of Economic Growth in Africa

The purpose of this study is to examine the impact of human capital on economic growth for a selected sample of nine SSA countries between and using a panel econometric approach. The authors estimate a log-linearized endogenous using the fully modified ordinary least squares FMOLS and the dynamic ordinary least squares POLS applied to our panel data time series. The empirical analysis shows an insignificant effect of human capital on economic growth for our selected sample. These findings remain unchanged even after adding interactive terms to human capital, which are representatives of government spending as well as foreign direct investment. Nevertheless, the authors establish a positive and significant effect of the interactive term between urbanization and human capital on economic growth.

The human capital–economic growth nexus in SSA countries: what can strengthen the relationship?

The finding of the Bounds test shows that there is a stable long run relationship between real GDP per capita, education human capital, health human capital, labor force, gross capital formation, government expenditure and official development assistance. The estimated long run model revels that human capital in the form of health proxied by the ratio of public expenditure on health to real GDP is the main contributor to real GDP per capita rise followed by education human capital proxied by secondary school enrolment. Such findings are consistent with the endogenous growth theories which argue that an improvement in human capital skilled and healthy workers improves productivity. In the short run, the coefficient of error correction term is This is another proof for the existence of a stable long run relationship among the variables. The estimated coefficients of the short-run model indicate that education is the main contributor to real GDP per capita change followed by gross capital formation one period lagged value and government expenditure one period lagged value.

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Human Capital and Economic Growth in Ethiopia


  • Some researchers have attempted to investigate the relationship between human capital development and economic growth in Ethiopia. For instance, using. Desire B. - 26.03.2021 at 16:48
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  • A thesis submitted to the school of Graduate Studies of Addis Ababa This study investigates the impact of human capital on economic growth in To provide an educational system that helps to develop positive attitude towards manual. Edelio G. - 31.03.2021 at 00:24