The performance of human capital in relationship with economic growth
The performance of human capital in relationship with economic growth
Author(s): Anca UngureanuSubject(s): Economy, Labor relations, Welfare systems, Human Resources in Economy, Socio-Economic Research
Published by: Alma Mater & Universitatea »Babes Bolyai« Cluj - Facultatea de St. Economice si Gestiunea Afacerilor
Keywords: human capital; economic growth; panel; panel data; life expectancy; population growth;
Summary/Abstract: In this paper I examine the impact of human capital on the economic growth for the OECD countries during the period 1990-2022 employing fixed effects estimator. My contribution to the literature comes from the chosen variables, as the proxies selected were not yet used by other researchers in the same formula. The indicators selected are tertiary enrollment, spending on health, life expectancy and population growth. The data was constructed into a panel of 38 countries over the period 1990-2022. Results surprisingly show that only tertiary enrollment, life expectancy and population growth have a significant impact on economic growth. Therefore, my recommendations are focusing on improving the quality of life.
Journal: Review of Economic Studies and Research Virgil Madgearu
- Issue Year: XVI/2023
- Issue No: 2
- Page Range: 77-91
- Page Count: 15
- Language: English
- Content File-PDF
