scholarly journals Human Capital, Economic Growth and Poverty Reduction Nexus: Why Investment in Free Compulsory Universal Education Matters for Africa

2021 ◽  
Vol 13 (2) ◽  
pp. 50-60
Author(s):  
Yalley Josephine
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Human Development Index ◽  
Poverty Reduction ◽  
Tertiary Education ◽  
Universal Education ◽  
Correlational Design ◽  
Negative Effect ◽  
Global Futures ◽  
Positive Effect

This study uses a quantitative correlational design model to investigate the effects of human capital and economic growth on poverty reduction. The study sampled and analyzed 140 countries’ data from United Nations Human Development Index report, 2010 to 2018. Comparing data from Africa, Europe and Asia, the study found that human capital had a positive effect on economic growth, while economic growth had a negative effect on poverty. The study argues that poverty reduction in Africa matters in creating sustainable global futures and recommends investment into free universal pre-tertiary education as a strategy to combat poverty.

scholarly journals Education and Economic Growth in Developing Countries: Empirical Evidence from GMM Estimators for Dynamic Panel Data

2021 ◽  
Vol 34 (1) ◽  
pp. 14-29
Author(s):  
Wafa Sebki
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Panel Data ◽  
Tertiary Education ◽  
Dynamic Panel Data ◽  
Dynamic Panel ◽  
Negative Effect ◽  
The Difference ◽  
Difference Gmm ◽  
Positive Effect

Abstract The paper aims at studying the effect of education measured by enrolment ratios in secondary and higher education on economic growth measured by the rate of GDP growth in a sample of 40 developing countries during the period from 2002 to 2016 using the dynamic panel data estimators. The results of estimating the model of this study using the difference GMM estimator or what is known as the Arellano and Bond estimator showed that the proportions of those enrolled in tertiary education had a significant positive effect on economic growth, while the proportions of those enrolled in secondary education had a significant negative effect.

OPPORTUNITY AND NECESSITY ENTREPRENEURSHIP AND ECONOMIC GROWTH: THE MODERATING EFFECT OF HUMAN CAPITAL

2021 ◽  
pp. 2050025
Author(s):  
DANIELA RODRIGUES ◽  
AURORA AC TEIXEIRA
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Fixed Effects ◽  
Large Set ◽  
Necessity Entrepreneurship ◽  
Considerable Research ◽  
Long Time ◽  
Negative Effect ◽  
Mediating Factor ◽  
Positive Effect

Although considerable research has been devoted to the study of the effect of entrepreneurship on economic growth, fewer studies have analyzed the effect of the types (opportunity vs necessity) of entrepreneurship on economic growth. Moreover, the latter set of studies overlooked the relevance of human capital as a mediating factor in the relation between (types of) entrepreneurship and economic growth. The aim of the present study is to fill in this gap by assessing the extent to which the direct and indirect effect of (the types of) entrepreneurship, via human capital, matters for countries’ economic growth. In methodological terms, we resort to fixed effects panel data estimations, involving a large set of (OECD and non-OECD) countries, over a relatively long time span (1990–2016). The results suggest total entrepreneurship has a positive effect on economic growth. Distinguishing between types of entrepreneurship, there is clear evidence that OE fosters economic growth, whereas necessity entrepreneurship inhibits it. Interestingly, human capital tends to mitigate the negative effect of necessity entrepreneurship on economic growth. In the case of opportunity entrepreneurship, the direct positive effect observed is reduced in contexts characterized by high levels of human capital, which might reflect increased opportunity costs.

scholarly journals Quality Economic Growth as an Indicator of Economic Development

2019 ◽  
Vol 20 (1) ◽  
pp. 80-86
Author(s):  
Ida Nuraini ◽  
Happy Febrina Hariyani
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Distribution ◽  
Human Development Index ◽  
Economic Sectors ◽  
Equity Investment ◽  
Effect Regression ◽  
Negative Effect ◽  
Typology Analysis ◽  
Positive Effect

This study aims to map the districts/cities in East Java that is classified as having quality economic growth, as well as formulating a concept of quality economic growth by examining several social and economic indicators such as unemployment, income distribution across regions, income distribution among economic sectors, equity investment, and poverty. Using Klassen's typology analysis, it is found that most (19 regions) districts and cities in East Java are in the advanced category but depressed. Meanwhile, there are 8 regions that are classified as advanced and growing rapidly and 10 regions are classified as regions that can grow fast and 1 region classified as relatively underdeveloped, namely Tuban District. While the regions that have qualified economic growth are Lamongan District, Jember District, Probolinggo, Madiun, Batu, Blitar, Pasuruan and Mojokerto. Based on the Fix Effect regression model, it can be concluded that the number of industries and Human Development Index have a significant negative effect on economic growth while the contribution of the primary sector has a significant and positive effect on economic growth.

scholarly journals PENGARUH KONSUMSI ENERGI DAN REZIM TERHADAP PERTUMBUHAN EKONOMI DI INDONESIA

2019 ◽  
Vol 1 (2) ◽  
pp. 401
Author(s):  
Zakiah Husna ◽  
Idris Idris
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Time Series Data ◽  
Secondary Data ◽  
Series Data ◽  
Renewable Energy Consumption ◽  
Energy Regime ◽  
Negative Effect ◽  
Positive Effect

This study aims to determine the effect of energy consumption and regime on economic growth in Indonesia. The data used is secondary data in the form of time series data from 1988-2017, with documentation and library study data collection techniques obtained from relevant institutions and agencies. the variables used are economic growth (GDP), non-renewable energy consumption, renewable energy consumption and regime, the research methods used are: (1) Multiple Regression Analysis (OLS), (2) Classical Assumption Test results of research stating that: ( 1) non-renewable energy consumption has a positive effect on economic growth in Indonesia. (2) consumption of renewable energy has a positive effect on economic growth in Indonesia. (3) the energy regime has a negative effect on economic growth in Indonesia. (4) non-renewable energy consumption, renewable energy consumption and energy regime have a significant effect on economic growth in Indonesia. so only the energy regime has a negative effect on economic growth in Indonesia.

scholarly journals PENGARUH FINANCIAL DEVELOPMENT TERHADAP PERTUMBUHAN EKONOMI DI INDO

2020 ◽  
Vol 2 (1) ◽  
pp. 75
Author(s):  
Nia Putri Kunanti ◽  
Melti Roza Adry
Keyword(s):  
Economic Growth ◽  
Money Supply ◽  
Financial Development ◽  
Linear Regression Analysis ◽  
Trade Openness ◽  
Control Variable ◽  
Secondary Data ◽  
Negative Effect ◽  
Private Credit ◽  
Positive Effect

This study aims to determine how the influence of financial development on economic growth in Indonesia. Financial development indicators are M2 money supply, bank assets, private credit and trade openness. Where inflation and trade openness as a control variable and economic growth as the dependent variable. The data used in this study are secondary data from 2005 quarter 1 to 2018 quarter 4 which were collected through documentation and related agencies. This study uses multiple linear regression analysis and error correction models. The results of this study indicate that: (1) the money supply M2 has a negative effect on economic growth in Indonesia; (2) Bank assets have a negative effect on economic growth in Indonesia; (3) Private credit has a positive effect on economic growth in Indonesia; (4)) trade openness has a positive effect on economic growth in Indonesia.

scholarly journals The impact of education tax and investment in human capital on economic growth in Nigeria

2020 ◽  
Vol 3 (2) ◽  
pp. 77-86
Author(s):  
Abubakar Aminu ◽  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Tertiary Education ◽  
Distributed Lag ◽  
Distributed Lag Model ◽  
Long Run ◽  
Lag Model ◽  
The Government ◽  
Capital Development ◽  
The Impact

This paper investigated the impact of education tax and investment in human capital on economic growth in Nigeria utilizing the Non-Linear Autoregressive Distributed Lag Model of cointegration covering the period of 25 years from 1995 to 2019. The findings reveal that education tax and investment in human capital have positive and significant effect on the growth of the Nigerian economy over the sampled period. The paper recommends that in order to boost the economy, Nigeria would need to, among other policy frameworks, provide a suitable environment for ensuring macro-economic stability through effective utilization of income from education tax that will encourage increased investment in human capital in the public sector. In addition to income from education tax, for effective and speedy economic growth and development in Nigeria, the government, beneficiaries (students/parents), employers of labor and other stakeholders in the society should share the responsibility for financing primary, secondary and tertiary education, so as to provide a solid foundation for human capital development. However, as revealed in this paper, the contribution of education tax and investment in human capital is most likely to be realized over a long-run period than in the short term. Keywords: Education Tax; Investment; Human capital; Economic growth

scholarly journals EFECT OF FOREIGN EXCHANGE RATE FLUCTUATIONS ON NIGERIAN ECONOMY

10.26458/1814 ◽  
2018 ◽  
Vol 18 (1) ◽  
pp. 105-122
Author(s):  
Lawrence Olisaemeka UFOEZE ◽  
Camilus OKUMA, N. ◽  
Clem NWAKOBY ◽  
Udoka Bernard Alajekwu
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Money Supply ◽  
Significant Positive Effect ◽  
Exchange Rate Fluctuations ◽  
Fixed Exchange Rate ◽  
Oil Revenue ◽  
Time Period ◽  
Negative Effect ◽  
Positive Effect

This study investigated the effect of exchange rate fluctuations on Nigerian economy. The fixed and floating exchange eras were compared to know the exchange rate system in which the economy has fairly better. The time period covered was 1970 to 2012. The study employed the ordinary least square (OLS) multiple regression technique for the analysis. The coefficient of determination (R2), F-test, t-test, beta and Durbin-Watson were used in the interpretation of the results. The resulted revealed that about 85% of the changes in macroeconomic indicators are explained in the fixed exchange era. In the floating exchange era, 99% was explained while the whole periods has 73% explanatory power, hence the floating exchange era (1986 to date) is more effective in explaining economic trend in Nigeria. Also, exchange rate has significant positive effect on GDP during the fixed exchange rate era and negative effect the eras floating and all-time; inflation has insignificant negative effect on GDP during the fixed exchange era; significant effect in floating era and significant negative effect in the all-time period; money supply has insignificant negative effect GDP in fixed exchange era; and significant positive effect during the floating and all-time period; and oil revenue has significant positive effect on the GDP in all the exchange rate regimes (floating, fixed and all-time) in Nigeria.  The study thus conclude that exchange rate movement is a good indicator for monitoring Nigerian economic growth. So far exchange rate has always been a key economic indicator for Nigeria. The floating exchange period has outperformed the fixed exchange rate in terms of contribution inflation, money supply and oil revenue to economic growth. This indicate that the floating exchange rate has been a better economic regime for sustainable economic growth in Nigeria. From the findings, it is evident that oil revenue has positive effect in Nigeria and has remained the mainstay of the economy. It is thus recommended among other things that a positive exchange rate stock should be monitored regularly, so as not to allow those that find exchange rate as an avenue of investment like banks and public carry out their business, which is more devastating to the economy. 

scholarly journals KORUPSI DAN PERTUMBUHAN EKONOMI

2020 ◽  
Vol 5 (2) ◽  
pp. 154-165
Author(s):  
Amin Haqiqi ◽  
◽  
Husaeri Putra ◽  
Keyword(s):  
Economic Growth ◽  
Cultural Differences ◽  
Economic Freedom ◽  
Scientific Research ◽  
Research Articles ◽  
Literature Study ◽  
Negative Effect ◽  
Scientific Research Articles ◽  
High Level ◽  
Positive Effect

This study analyzes corruption and economic growth. The method of analysis uses literature studies. This literature study was carried out by searching scientific research articles about corruption through Google Scholar and journals about corruption. After the identification of several articles, the results show different results about the effect of corruption on economic growth. From each journal shows Corruption has a negative effect on economic growth in Indonesia and those that have a positive effect. This shows several factors that underlie the influence of corruption on economic growth, namely due to cultural differences, policies, economic freedom and the rules of each region. The diversity of each region in Indonesia makes a different level of influence of corruption so that if a region has a high level of economic freedom and rules and bureaucracy that are not difficult, corruption has a positive effect on economic growth. In general, the effect of corruption on economic growth is negative, where the cleaner the region or region is from corruption, the more it will encourage the growth of the region.

scholarly journals Higher Education and Economic Growth in Africa

2014 ◽  
Vol 1 (1) ◽  
Author(s):  
David E. Bloom ◽  
David Canning ◽  
Kevin Chan ◽  
Dara Lee Luca
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
International Development ◽  
Poverty Reduction ◽  
Tertiary Education ◽  
Sub Saharan Africa ◽  
Public And Private ◽  
Sub Saharan ◽  
Développement Économique ◽  
Education And Economic Growth

Enrollment rates for higher education in Sub-Saharan Africa are by far the lowest in the world at 6%. Yet because of conventional beliefs that tertiary education is less important for poverty reduction, the international development community has encouraged African governments’ relative neglect of higher education. This article challenges beliefs that tertiary education has little role in promoting economic growth and alleviating poverty. First, we review recent evidence that higher education can produce significant public and private benefits. Next, we analyze the relationship between tertiary education and economic growth. We find evidence that tertiary education improves technological catch-up and, in doing so, may help to maximize Africa’s potential to achieve more rapid economic growth given current constraints. Investing in tertiary education in Africa may accelerate technological diffusion, which would in turn decrease knowledge gaps and help reduce poverty in the region. We also review new developments and trends in the higher education scene in Africa. Le taux d’inscription dans l’enseignement supérieur en Afrique sub-saharienne est de loin le plus faible du monde, atteignant seulement 6%. Pourtant, parce que l’enseignement supérieur est perçu comme moins important que les enseignements primaire et secondaire pour lutter contre la pauvreté, la communauté internationale a encouragé les gouvernements africains à moins y prêter attention. Cet article conteste l’idée que l’enseignement supérieur joue un rôle peu important dans le développement économique et la lutte contre la pauvreté. Tout d’abord, nous nous intéressons à de récents résultats qui montrent que l’enseignement supérieur crée des bénéfices publics et privés. Ensuite, nous analysons la relation entre l’enseignement supérieur et la croissance économique. Nous montrons que l’enseignement supérieur permet de rattraper le retard technologique et, ce faisant, pourrait aider l’Afrique à maximiser sa capacité à accélérer sa croissance économique dans les conditions actuelles. Investir dans l’enseignement supérieur en Afrique pourrait permettre une diffusion plus rapide des avancées technologiques, qui pourrait à son tour réduire la disparité de savoir et participer à la réduction de la pauvreté dans la région. Nous passons aussi en revue les nouveautés et tendances dans l’enseignement supérieur africain.

scholarly journals Trade Openness and Economic Growth in Malaysia

2017 ◽  
Vol 52 (3) ◽  
pp. 157-170 ◽  
Author(s):  
Keshmeer Makun
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Trade Openness ◽  
Decision Makers ◽  
Economic Policies ◽  
Human Capital Development ◽  
Full Benefit ◽  
Capital Development ◽  
Positive Effect ◽  
Econometric Technique

This study is an attempt to examine the effects of trade openness along with two other conditioning variables on economic growth in Malaysia by applying time-series econometric technique. LSE-Henry’s general to specific approach results show significant positive effect of trade openness on growth. Human capital and good economic policies tested with an interaction term increases the growth effects of trade openness. The addition of these variables and findings are significant statistically and robust to different specifications. On the basis of the findings, it is concluded that while trade openness enhance growth, decision makers should also focus on human capital development. In addition, decision makers should ensure good economic policies to take full benefit of trade openness.

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