Brazil and Russia: Different Trajectories of Development?

2012 ◽  
pp. 92-104
Author(s):  
G. Irishin
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Social Development ◽  
Brics Countries ◽  
Long Run ◽  
Main Emphasis ◽  
The World

This publication represents the materials of the regular academic seminar “The current problems of development” conducted by the Center of the problems of development and modernization within IMEMO. The attention of the key speakers and other seminar participants is focused on the comparison of the two BRICS countries – Brazil and Russia. The main emphasis is made on the analysis of the trends of social development. The point is that the quality of human capital determines the quality of economic growth, as well as the country's place in the world in the long run.

Brazil and Russia: Different Trajectories of Development? (the end)

2012 ◽  
pp. 80-92
Author(s):  
G. Irishin
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Brics Countries ◽  
Capital Assets ◽  
Modern Development ◽  
Long Run ◽  
Main Emphasis ◽  
The World ◽  
Primary Focus

This publication presents regular materials of the scientific workshop "Modern Development Problems", which is held in the Center for Development and Modernization Studies of IMEMO RAN. The primary focus of the speaker and other workshop participants is on comparison of the two BRICS countries  Brazil and Russia. Herewith, the main emphasis is laid on the analysis of social development tendencies, because the quality of human capital assets is what determines the quality of economic growth and a country's position in the world in the long run.

Interactive effects of human capital in finance–economic growth nexus in Sub-Saharan Africa

2018 ◽  
Vol 45 (6) ◽  
pp. 1192-1210 ◽  
Author(s):  
Muazu Ibrahim
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Interactive Effect ◽  
Financial Sector ◽  
Content Type ◽  
Long Run ◽  
The World ◽  
Sub Saharan ◽  
Ssa Countries

Purpose The purpose of this paper is to examine the interactive effect of human capital in financial development–economic growth nexus. Relative to the quantity-based measure of enrolment rates, the main aim was to determine how quality of human capital proxied by pupil–teacher ratio influences the relationship between domestic financial sector development and overall economic growth. Design/methodology/approach Data are obtained from the World Development Indicators of the World Bank for 29 sub-Saharan African (SSA) countries over the period 1980–2014. The analyses were conducted using the system generalised method of moments within the endogenous growth framework while controlling for country-specific and time effects. The author also follows Papke and Wooldridge procedure in examining the long-run estimates of the variables of interest. Findings The key finding is that, while both human capital and financial development unconditionally promotes growth in both the short and long run, results from the interactive terms suggest that, irrespective of the measure of finance, financial sector development largely spurs growth on the back of quality human capital. This finding is also confirmed by the marginal and net effects where the interactive effect of pupil–teacher ratio and indicators of finance are consistently huge relative to the enrolment. Statistically, the results are robust to model specification. Practical implications While it is laudable for SSA countries to increase access to education, it is equally more crucial to increase the supply of teachers at the same time improving on the limited teaching and learning materials. Indeed, there are efforts to develop rather low levels of the financial sector owing to its unconditional growth effects. Beyond the direct benefit of finance, however, higher growth effect of finance is conditioned on the quality level of human capital. The outcome of this study should therefore reignite the recognition of the complementarity role of human capital and finance in economic growth process. Originality/value The study makes significant contributions to existing finance–growth literature in so many ways: first, the auhor extend the literature by empirically examining how different measures of human capital shape the finance–economic growth nexus. Through this the author is able to bring a different perspective in the literature highlighting the role of countries’ human capital stock in mediating the impact of financial deepening on economic growth. Second, the author makes a more systematic attempt to evaluate the relative importance of finance and human capital in growth process while controlling for several ancillary variables.

On the determinants of economic growth: Empirical evidence from the Eurozone countries

2020 ◽  
Vol 23 (2) ◽  
pp. 210-229 ◽  
Author(s):  
Panagiotis Pegkas ◽  
Christos Staikouras ◽  
Constantinos Tsamadias
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Public Debt ◽  
Public Investment ◽  
Trade Openness ◽  
Growth Strategies ◽  
Fiscal Consolidation ◽  
Long Run ◽  
Determinants Of Economic Growth

This study empirically investigates the causal relationship between economic growth and several factors (investment, human capital, trade openness and public debt) in the Eurozone countries, where imbalances persist several years after the financial crisis. The results reveal a long-run relationship between variables and public debt, as investment, human capital and trade openness positively affect growth. On the other hand, there is a negative long-run effect of public debt on growth. Furthermore, the results indicate that there is long-run unidirectional causality running from investment, trade openness and human capital to growth and bidirectional causality between public debt and growth. The overall results reveal that Eurozone countries should base their growth strategies on fiscal consolidation, increasing exports, correcting the use of public investment and improving the quality of human capital, especially in higher education.

scholarly journals The Relationship between Human Capital and Economic Growth: Cases of BRICS Countries and Turkey

2014 ◽  
Author(s):  
Harun Bal ◽  
Neşe Algan ◽  
Müge Manga ◽  
Ediz Kandır
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Panel Data Analysis ◽  
Physical Capital ◽  
Correlation Relationship ◽  
Brics Countries ◽  
Production Factors ◽  
Long Run ◽  
The Relationship ◽  
Econometric Technique

Endogenous growth theories have implied that human capital is an important factor that determines economic growth. This implication has revealed the need for policies that involving human capital as well as classical production factors. This means, physical capital is not enough alone for economic growth. This study aims to analyze the causality between human capital and economic growth in Turkey and BRICS countries. To this aim, by using Panel Data Analysis, which is an important econometric technique, the degree of the relationship between growth and human capital, in the long run, between the years 1995-2011 is analyzed. As a consequence of the analysis we expect to conclusion that there’s a positive and the high correlation relationship between human capital and economic growth. In our analysis, we obtained the result that, there’s a long-run relationship between human capital and economics growth in BRICS countries and Turkey. In this context, we came to the conclusion that human capital is an important factor that stimulate economic growth.

To What Extent Does Human Capital Development Impact Economic Growth? Empirical Evidence From Nigeria.

2020 ◽  
Author(s):  
Attahir Babaji Abubakar ◽  
Ahmad Sani Bala ◽  
Abdullahi Aliyu Musa
Keyword(s):  
Economic Growth ◽  
Health Care ◽  
Human Capital ◽  
Human Capital Development ◽  
Annual Series ◽  
Education And Health ◽  
Long Run ◽  
Capital Development ◽  
Positive Effect

Abstract This study examined the effect of human capital development on the economic growth of Nigeria. In achieving this, the human capital variables of education and health care were included in the study. The study employed the Autoregressuve and Distributive Lag (ARDL) model to annual series covering the period 1983 to 2018 for analysis. The findings of the study revealed the presence of a long-run association among the stuady variables. Further, it was discovered that in both the short and long run, both components of human capital development produce a positive effect on economic growth, although the effect of education appeared to be larger. The study emphasized the need for policymakers to enhance both access to and quality of health care and education with a view to stimulating the economic growth of Nigeria.

ASSESSMENT OF UKRAINE'S HUMAN CAPITAL DEVELOPMENT IN WORLD RATINGS IN CONDITIONS OF SUSTAINABLE DEVELOPMENT

2018 ◽  
Author(s):  
Maryna Nochka ◽  
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
World Economic Forum ◽  
Highly Qualified ◽  
The World Bank ◽  
The World ◽  
World Economic ◽  
Capital Development ◽  
The University

The article is devoted to the analysis tools for assessing human capital based on world rankings in the context of sustainable development. The most famous world rankings of human capital, studied by such international organizations as the World Bank, the United Nations, the World Economic Forum, the University of Groningen in collaboration with the University of California at Davis and others, are considered. Quantifying human capital as the economic and social value of a skill set is measured through an index. Each organization makes measurements according to its own method. The application of different criteria and indicators for assessing human capital at the macroeconomic level is analyzed. The considered assessment methodologies are overwhelmingly based on statistical approaches. Analyzed the position of Ukraine in the world rankings in recent years in dynamics. It has been confirmed that these international ratings can be considered as a reflection of the state of human capital in Ukraine. Revealed quite high rating positions of Ukraine in comparison with other countries. The results allow us to conclude that there is insufficient government funding for the development of human capital. It is concluded that Ukraine needs to improve the quality of human capital as a leading factor in increasing the efficiency of the country's economy in the context of sustainable development. The study showed that the use of high-quality, highly qualified human capital leads to an improvement in the country's position in the world rankings.

Exploration of Role of Economic Globalization on Human Longevity

2021 ◽  
Vol 3 (2) ◽  
pp. 223-239
Author(s):  
Bakhtawar Ijaz ◽  
Noman Arshed ◽  
Zamin Abbas ◽  
Uzma Hanif ◽  
Kamran Hameed
Keyword(s):  
Economic Growth ◽  
Social Development ◽  
Quadratic Function ◽  
Economic Globalization ◽  
Human Longevity ◽  
Kuznets Curve ◽  
Long Run ◽  
Recent Developments ◽  
Opening Up

Recent developments which were coined to the opening up of borders have attracted interest of many researchers from many disciplines. A lot of work can be observed regarding the role of globalization / internationalization on economic growth and social development, this study specifically explores the implications of globalization on the ultimate goal that is life longevity. Adapting from the Kuznets curve, this study proposed a quadratic function of economic globalization and life longevity. The results using panel the ARDL model for the SAARC region, it can be seen that expansion of trade globalization de jure and management of financial globalization de facto and de jure may help them to increase longevity in the long run.

Road Map of Russian Economy Competitiveness Upgrade

2014 ◽  
pp. 66-74
Author(s):  
A. Alekseev
Keyword(s):  
Higher Education ◽  
Market Efficiency ◽  
Education And Training ◽  
Technological Readiness ◽  
Brics Countries ◽  
Russian Economy ◽  
The World ◽  
Goods Market ◽  
And Training

The article explores the interrelation between the main factors of national economy competitiveness on the basis of logical and correlation analysis of the data on 144 countries presented in The Global Competitiveness Report issued by the World Economic Forum. The analysis of the strength and nature of the relations between the factors gives grounds to assume that institutions, infrastructure, higher education and training are core problems; goods market efficiency, technological readiness are key problems; business sophistication and innovation are resulting problems. The analysis shows that the competitiveness indicators of other BRICS countries which are better than Russian ones, are achieved not due to any remarkable progress in economic policy, but owing to the lack of serious failures typical for Russian economy. For instance, the high level of Russian infrastructure, macroeconomic stability, sizes of home market and some other indicators come to nothing because of extremely low level of Russian institutions, market efficiency, financial market, and business sophistication. As a result, other BRICS countries' progress, which is not so remarkable itself, gives much better cumulative result in comparison with Russian breakthrough, which cannot be accomplished in the environment that is unfavorable for it. With the view of Russian economy competitiveness and innovation upgrade, firstly, it is essential to increase the quality of Russian institutions (the necessity of reforms is indubitable: Russia occupies the 133d place in the world in accordance with the quality of its institutions), to improve the infrastructure, higher education and training. The advancement in solving these problems will facilitate the situation or solve the large part of the problems of goods market efficiency and improve the existing technological readiness. The increasing of the goods market quality and the improvement of technological readiness will, in their turn, upgrade business sophistication and innovations. The proposed approach gives ground to claim that the reforms need to be made in the sequence described above. The upgrade of Russian companies’ business sophistication and their innovation will be to a great extent the result of the solution of the mentioned problems.

Determinants of Total Factor Productivity in Mexico, Indonesia, Nigeria, and Turkey (1980–2014)

2018 ◽  
Vol 4 (2) ◽  
pp. 192-217 ◽  
Author(s):  
Phillip Akanni Olomola ◽  
Tolulope Temilola Osinubi
Keyword(s):  
Human Capital ◽  
Total Factor Productivity ◽  
Negative Relationship ◽  
Annual Data ◽  
Factor Productivity ◽  
Distributed Lag ◽  
Long Run ◽  
The World ◽  
Government Stability ◽  
Short Run

This study analyzed the macroeconomic and institutional determinants of total factor productivity (TFP) in the MINT (Mexico, Indonesia, Nigeria, and Turkey) countries during the period 1980–2014. Annual data covering the period between 1980 and 2014 were used. Data on real gross domestic product (real GDP), labor force, gross fixed capital formation, foreign direct investment (FDI), human capital, and inflation were sourced from the World Development Indicators published by the World Bank. Also, data on corruption, government stability, and law and order were obtained from the database of International Country Risk Guide. Panel autoregressive distributed lag (PARDL) regression technique was used to estimate the model. Results showed that TFP growth rate declined on average by 1.4 per cent and 1.8 per cent in Mexico and Turkey, respectively, while Indonesia and Nigeria did not experience productivity growth on the average. Results also showed that in the long run, human capital and government stability had positive and significant effects on TFP, while FDI and corruption had negative but significant effects on TFP. In the short run, there existed a significant negative relationship between TFP and inflation. However, the effects of human capital and corruption on TFP were positive and significant. The study concluded that human capital and corruption were key drivers of TFP in the MINT countries both in the long run and short run.

scholarly journals The Effects of Human Capital by Gender on Economic Growth

2021 ◽  
Vol 12 (1) ◽  
pp. 113
Author(s):  
Mohd Shahidan Shaari ◽  
Razinda Tasnim Abdul Rahim ◽  
Nor Hidayah Harun ◽  
Faiz Masnan
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Labour Force ◽  
Labour Force Participation ◽  
Participation Rates ◽  
Long Run ◽  
Job Opportunities ◽  
Short Run ◽  
The Government ◽  
Male Labour

The issue of human capital by gender has been sparsely discussed in previous literature especially male labour force. The contribution of both genders to economic growth has intensified every year. Therefore, this study aims to investigate the effects of human capital by gender on economic growth in Malaysia. Data ranging from 1982 to 2018 were analysed by using the ARDL approach. The results show that higher male labour force participation rates can boost economic growth in the short run and long run in Malaysia. Higher female labour force participation rates, on the other hand, can reduce economic growth in the short run and long run in Malaysia. Therefore, the government should encourage more male labour to participate in the labour market by giving incentives. More job opportunities should be created for both genders.

Sign in / Sign up

Export Citation Format

Share Document