Human capital and economic growth in ethiopia pdf
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- The Impact of Human Capital on Economic Growth in Ethiopia: Evidence from Time Series Analysis
- THE EFFECT OF HUMAN CAPITAL ON ECONOMIC GROWTH IN ETHIOPIA USING ECONOMETRIC ANALYSIS, VAR
- Determinants of Economic Growth in Africa
- The human capital–economic growth nexus in SSA countries: what can strengthen the relationship?
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.
THE EFFECT OF HUMAN CAPITAL ON ECONOMIC GROWTH IN ETHIOPIA USING ECONOMETRIC ANALYSIS, VAR
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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