scholarly journals Economic Growth and Quality Adjusted Human Capital Equation: Moderating Role of Social Capabilities in Africa

2021 ◽  
Author(s):  
Tonuchi Emmanuel Joseph ◽  
Pauline Chimuru Obikaonu
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Method Of Moment ◽  
African Countries ◽  
Adoption Of Technology ◽  
Income Per Capita ◽  
Per Capita ◽  
The Difference ◽  
Jel Code

Abstract The role of human capital on economic growth across countries has over time garnered lots of discussion in economic literature. This is fundamental, given that the actual determinant of the difference in income per capita across countries or why some countries are growing faster than other countries has remained an unresolved issue. This study provide a different insight into the nexus between human capital and economic growth by accounting for the role of social capabilities in a panel framework. Specifically, the study covers 40 African countries between 1998-2019, where General Method of Moment (GMM) was employed to estimate the model. Specifically, it was discovered that without improved legal institution and better economic opportunities, human capital impact on the growth of income per capita across countries is insignificant though positive. The study concludes that the effectiveness of knowledge accumulation and adoption of technology in a country is hinged on the availability of enhanced legal, social, and economic environment.JEL CODE: A3, D83, E24, F63, I2

scholarly journals Economic Growth and Quality Adjusted Human Capital Equation: Moderating Role of Social Capabilities in Africa

2021 ◽  
Vol 2 (2) ◽  
pp. 1-9
Author(s):  
Tonuchi Joseph ◽  
Pauline Obikaonu
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Method Of Moment ◽  
African Countries ◽  
Adoption Of Technology ◽  
Income Per Capita ◽  
Per Capita ◽  
The Difference ◽  
General Method

The role of human capital on economic growth across countries has over time garnered lots of discussion in economic literature. This is fundamental, given that the actual determinant of the difference in income per capita across countries or why some countries are growing faster than other countries has remained an unresolved issue. This study provides a different insight into the nexus between human capital and economic growth by accounting for the role of social capabilities in a panel framework. Specifically, the study covers 40 African countries between 1998-2019, where the General Method of Moment (GMM) was employed to estimate the model. Specifically, it was discovered that without improved legal institutions and better economic opportunities, human capital impact on the growth of income per capita across countries is insignificant though positive. The study concludes that the effectiveness of knowledge accumulation and adoption of technology in a country is hinged on the availability of an enhanced legal, social, and economic environment.

scholarly journals Economic Growth and Quality Adjusted Human Capital Equation: Moderating Role of Social Capabilities in Africa

2021 ◽  
Author(s):  
Tonuchi Emmanuel Joseph ◽  
Pauline Chimuru Obikaonu
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Method Of Moment ◽  
African Countries ◽  
Adoption Of Technology ◽  
Income Per Capita ◽  
Per Capita ◽  
The Difference ◽  
General Method

Abstract The role of human capital on economic growth across countries has over time garnered lots of discussion in economic literature. This is fundamental, given that the actual determinant of the difference in income per capita across countries or why some countries are growing faster than other countries has remained an unresolved issue. This study provides a different insight into the nexus between human capital and economic growth by accounting for the role of social capabilities in a panel framework. Specifically, the study covers 40 African countries between 1998-2019, where the General Method of Moment (GMM) was employed to estimate the model. Specifically, it was discovered that without improved legal institutions and better economic opportunities, human capital impact on the growth of income per capita across countries is insignificant though positive. The study concludes that the effectiveness of knowledge accumulation and adoption of technology in a country is hinged on the availability of an enhanced legal, social, and economic environment.

scholarly journals CRESCIMENTO ECONÔMICO REGIONAL NO BRASIL: A EDUCAÇÃO COMO FATOR DE CONVERGÊNCIA – 1970/1996

2004 ◽  
Vol 30 (2) ◽  
Author(s):  
José Raimundo Vergolino ◽  
Antônio Pessoa Nunes Neto ◽  
Marcelo Andrade Bezerra Barros
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Least Squares ◽  
Ordinary Least Squares ◽  
Regional Disparities ◽  
Per Capita

Este trabalho tem como principal objetivo analisar o papel da educação no processo de crescimento econômico das microrregiões brasileiras no período de 1970-1996. A hipótese central do trabalho é a de que tal processo apresentou tendência convergente, sinalizando uma redução nas disparidades inter-regionais. Utilizando-se a metodologia proposta por Barro e Sala-I-Martin, foram estimadas regressões a partir do uso do método dos mínimos quadrados ordinários, a fim de captar a existência do fenômeno da convergência e identificando a velocidade (β) pela qual o mesmo se processa. Por fim, procurou-se verificar a importância da educação na equalização das rendas per capita microrregionais. Os resultados encontrados apontam para a existência de um processo convergente nas rendas microrregionais, quando consideradas as variáveis educacionais. Abstract The main purpose of this paper is to analyze the role of education in the process of economic growth for the Brazilian microrregions during the period 1970-1996. The hypothesis is that economic growth associated with educational improvements has led to a reduction in the inter-regional disparities in that period. Following the methodology proposed by Barro e Sala-I-Martin, regressions were estimated using the method of ordinary least squares, in order to identify the existence of the convergent process and the convergence velocity (β) of the former. The importance of education in the equalization of per capita microrregional income were also discussed. The results support the hypothesis under which human capital plays an important role in the economic growth of a region or country.

scholarly journals The Long Term Impact of Health on Economic Growth in Pakistan

2008 ◽  
Vol 47 (4II) ◽  
pp. 487-500 ◽  
Author(s):  
Naeem Akram ◽  
Ihtsham Ul Haq Padda ◽  
Mohammad Khan
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Technical Change ◽  
Physical Capital ◽  
Per Capita ◽  
Long Term Impact ◽  
Sustainable Economic Growth ◽  
The Impact

Human capital plays pivotal role for sustainable economic Growth. As different growth theories suggest the role of human capital as a significant for growth process. The concept of human capital in economic literature defined broadly by including education, health, training, migration, and other investments that enhance an individual’s productivity. However, the growth economists that have incorporated human capital in the growth studies, paid greater attention on analysing the impact of education on economic growth, while ignoring the role of health human capital. It is only in very recent times that studies have started looking at health and tried to estimate the relationship between health status and economic growth. There exists a two-way relationship between improved health and economic growth. Health and other forms of human and physical capital increases the per capita GDP by increasing productivity of existing resources coupled with resource accumulation and technical change. Furthermore, some part of this increased income is spent on investment in human capital, which results in further per capita growth. According to Fogel (1994), approximately one third of GDP of Britain between 1790 and 1980 is the outcome of improvements in health especially improvement in nutrition, public health, and medical care facilities and these improved health facilities should be considered as labour enhancing technical change.

scholarly journals Examining GDP Growth and Its Volatility: An Episodic Approach

Entropy ◽  
2021 ◽  
Vol 23 (7) ◽  
pp. 890
Author(s):  
Jakub Bartak ◽  
Łukasz Jabłoński ◽  
Agnieszka Jastrzębska
Keyword(s):  
Economic Growth ◽  
Genetic Algorithm ◽  
Time Series ◽  
Human Capital ◽  
Growth Rates ◽  
Structural Breaks ◽  
Negative Relationship ◽  
Gdp Per Capita ◽  
Gdp Growth ◽  
Per Capita

In this paper, we study economic growth and its volatility from an episodic perspective. We first demonstrate the ability of the genetic algorithm to detect shifts in the volatility and levels of a given time series. Having shown that it works well, we then use it to detect structural breaks that segment the GDP per capita time series into episodes characterized by different means and volatility of growth rates. We further investigate whether a volatile economy is likely to grow more slowly and analyze the determinants of high/low growth with high/low volatility patterns. The main results indicate a negative relationship between volatility and growth. Moreover, the results suggest that international trade simultaneously promotes growth and increases volatility, human capital promotes growth and stability, and financial development reduces volatility and negatively correlates with growth.

scholarly journals Past and future trends of Egypt’s water consumption and its sources

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Catherine A. Nikiel ◽  
Elfatih A. B. Eltahir
Keyword(s):  
Economic Growth ◽  
Virtual Water ◽  
Comprehensive Analysis ◽  
Future Trends ◽  
Nile Water ◽  
The Gift ◽  
Per Capita ◽  
The 1960S

AbstractFor millennia the Nile supplied Egypt with more water than needed. As the population grew and the economy expanded, demand on water increased accordingly. Here, we present a comprehensive analysis to reconstruct how total demand on water outstripped supply of the Nile water in the late 1970s, starting from a surplus of about 20 km3 per year in the 1960s leading to a deficit of about 40 km3 per year by the late 2010s. The gap is satisfied by import of virtual water. The role of economic growth in driving per capita demand on water is quantified based on detailed analysis of water use by agriculture and other sectors. We develop and test an empirical model of water demand in Egypt that relates demand on water to growth rates in the economy and population. Looking forward, we project that within this decade of the 2020 s, under nominal scenarios of population and economic growth, Egypt is likely to import more virtual water than the water supplied by the Nile, bringing into question the historical characterization of Egypt as “the gift of the Nile”.

HUMAN RESOURCES DEVELOPMENT OF REPUBLIC OF CROATIA AND PRIMORSKOGORANSKA COUNTY AND THEIR INFLUENCE ON ECONOMIC GROWTH∗

2009 ◽  
Vol 15 (1) ◽  
pp. 13-24
Author(s):  
Nada Karaman Aksentijevic ◽  
Zoran Jezic
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Human Resources ◽  
Gdp Per Capita ◽  
Human Resources Development ◽  
Regression Analyses ◽  
Theoretical Part ◽  
Educational Structures ◽  
Indirect Indicator ◽  
Per Capita

In the theoretical part of research authors will establish connections and diversities between human capital and human resources categories. In the empirical part of research, via HDI, it will be evaluated the development of human resources in Republic Of Croatia and in Primorsko-goranska County and in will be evaluated relation between HDI and GDP per capita of Croatia and in Primorsko-goranska County. Authors will also analyze how much development of human resources has contributed to the economic growth of Republic Of Croatia. In order to demonstrate this it will be measured influence of investment, employment and educational structures (the indirect indicator of development of human resources) on the growth of GDP in the period of 1997-2005 with usage of regression analyses.

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