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The role of Human Capital and Total Factor Productivity in Promoting Economic Growth: a Comparative International Study
ISSN: 2437 - 0789
Publisher: author
The role of Human Capital and Total Factor Productivity in Promoting Economic Growth: a Comparative International Study
Indexed in
Business and Management
ARTICLE-FACTOR
1.3
Article Basics Score: 3
Article Transparency Score: 3
Article Operation Score: 3
Article Articles Score: 3
Article Accessibility Score: 3
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International Category Code (ICC):
ICC-0502
Publisher: Roa Iktissadia Review Echahid Hmma Lakhdar University Of E..
International Journal Address (IAA):
IAA.ZONE/243789950789
eISSN
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2437 - 0789
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Abstract
The aim of this study is to test the existence of a positive relationship between the human capital and economic growth in a group of countries. The study has employed ARDL method on data for the period 1950-2014. The results show that there is a long-term relationship between human capital and economic growth in South Korea, South Africa, the United States, France and Germany, while there was no significant correlation in Japan, Saudi Arabia and Egypt. As for the effect of the total factor productivity, it was found that their effect is significant in all countries except Egypt. The study suggests the continued accumulation of human capital and that the output of education be directly involved in the production process.
