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Human Capital And Economic Growth In Ethiopia Pdf

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Human Capital and Economic Growth in Ethiopia

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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. But, unlike its long run significant impact, health has no significant short run impact on the economy.

THE EFFECT OF HUMAN CAPITAL ON ECONOMIC GROWTH IN ETHIOPIA USING ECONOMETRIC ANALYSIS, VAR

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 Impact of Human Capital on Economic Growth in Ethiopia: Evidence from Time Series Analysis

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Determinants of Economic Growth in Africa

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 - Но я не думаю… - С дороги! - закричал Джабба, рванувшись к клавиатуре монитора.  - Это и есть ключ к шифру-убийце. Разница между критическими массами. Семьдесят четыре и восемь десятых. - Подождите, - сказала Сьюзан, заглядывая через плечо Соши.

Human Capital and Economic Growth in Ethiopia

5 Comments

Robado 17.05.2021 at 11:09

This volume is a collection of selected empirical studies on determinants of economic growth in Africa.

Besttsarencol 18.05.2021 at 03:26

Some researchers have attempted to investigate the relationship between human capital development and economic growth in Ethiopia. For instance, using.

Xarles P. 20.05.2021 at 12:35

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Illetcapi 24.05.2021 at 20:11

Chapter 1.

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