2020
DOI: 10.47067/ramss.v3i2.54
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Human Capital Formation and Economic Growth in Emerging Asia: Empirical Evidence Using Panel Data

Abstract: After the emergence of endogenous growth theory, the role of human capital along with physical capital is considered to be imperative in promoting economic growth. The government social sector spending, mainly on education and health, contributes in forming human capital and promotes economic growth. This study examines the impact of health and education provisions on economic growth of emerging Asian economies, including Bangladesh, China, India, Indonesia, Malaysia, Pakistan, Philippine, and Thailand. Using … Show more

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Cited by 4 publications
(2 citation statements)
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References 8 publications
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“…Furthermore, there are several empirical studies that have been conducted on the relationship between capital and economic development (Bakare and Olubokun 2011;Uneze 2013;Ugochukwu and Chinyere 2013;Agbola 2013;Atuma et al 2017;Onyinye et al 2017;Sharma and Mittal 2019;and Rehman et al 2020). Bakare and Olubokun (2011) used the ordinary least squares method to investigate the relationship between capital and economic growth in Nigeria.…”
Section: Capitalmentioning
confidence: 99%
See 1 more Smart Citation
“…Furthermore, there are several empirical studies that have been conducted on the relationship between capital and economic development (Bakare and Olubokun 2011;Uneze 2013;Ugochukwu and Chinyere 2013;Agbola 2013;Atuma et al 2017;Onyinye et al 2017;Sharma and Mittal 2019;and Rehman et al 2020). Bakare and Olubokun (2011) used the ordinary least squares method to investigate the relationship between capital and economic growth in Nigeria.…”
Section: Capitalmentioning
confidence: 99%
“…The findings indicate that private investment and economic growth in Ghana have a negative relationship. Using the VECM, Onyinye et al (2017) discovered that gross capital formation has a favorable but negligible effect on real gross domestic product, while Sharma and Mittal (2019); Rehman et al (2020) discovered that GDP is positively influenced by gross capital formation.…”
Section: Capitalmentioning
confidence: 99%