Human or Physical Capital, Which Influences Sustainable Economic Growth Most? A Study on Bangladesh

doi:10.34104/cjbis.021.01010108

Cited by 15 publications

(10 citation statements)

References 36 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Interestingly, Haddad (2021) argue that financial institutions and religiosity influences faith and belief in the financial institution operations for both conventional and Islamic financial intermediaries. A similar study examines the two variables and signifies a positive relationship, as indicated by (Pomi, Sarkar, & Dhar, 2021). Furthermore, empirical research shows that a developed financial system and the inclusiveness of Muslims has a significant issue that shows the uses of conventional institution for macro and micro influence exclusion within the Muslim community (El-Chaarani, Ismail, & El-Deeb, 2022).…”

Section: Religiositymentioning

confidence: 88%

Islamic Financial Institutions as Solution to Financial Exclusion in Northern Nigeria: A Model Development

2022

ijibm

View full text Add to dashboard Cite

The study is to assess the causes and barriers of financial exclusion using three theories, including vulnerability theory (Poverty and Religiosity), financial literacy theory (Awareness), and public service theory (Attitude of Government Policy), to evaluate the relationship between the Islamic financial institutions and financial exclusion in Northern Nigeria. The study adopted a random sampling method with 450 respondents using Confirmatory Factor Analysis under Structural Equation Modelling (SEM) and SPSS. The study indicates the positive relationship between the three theories and financial exclusion and further identified some theoretical contributions indicating highly influential relationships between the predicted variables of the above theories. The study further identified the most significant contribution to the financial institutions by developing relevant literature to sort out the issues and challenges behind financial exclusion in Nigeria. Islamic financial institutions are considered a phenomenon and solution to this current issue of financial exclusion. The present study developed an integrated model which defines financial exclusion and its approach through three theories in addressing financial exclusion in Nigeria. It is also considered among the country's first attempts to solve financial exclusion.

show abstract

Section: Religiositymentioning

confidence: 88%

Islamic Financial Institutions as Solution to Financial Exclusion in Northern Nigeria: A Model Development

2022

ijibm

View full text Add to dashboard Cite

show abstract

“…It is impossible to prioritize one element above another. The capacity to conduct a professional and economically active life is a sign of health (Pomi et al, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

The Potential of Human Capital Investment in Contributing to Economic Growth: ARDL Approach in the Context of Eastern and Southern Africa

Dirir

2023

EJEBS

View full text Add to dashboard Cite

Despite 25 years of exceptional progress in human development, there are still significant obstacles to overcome, particularly for underdeveloped nations. Numerous African countries devote substantial support to ensuring quality employment, a skilled workforce, and the building of an inclusive labour market. Hereby, the actual paper investigates the potential of human capital investment in contributing to the economic growth of Eastern and Southern Africa from the period 2001 to 2020. The study also attempts to determine the factors that promote skilled workforces in African countries. To carry on with the examination the study used an Autoregressive Distributed Lag (ARDL) model and the Granger causality tests. The rationale behind using these models is to capture the long-run and short-run dynamic relationship among the variables and to observe the direction of these relationships. Within this framework, the results exhibited that both during the long run and short run the educational level of individuals, government expenditure in education, and labour tax contribution affect the economic growth of the region. Whereas the Granger causality test establishes a one-way causal relationship between all educational levels and economic growth. The test presented no clear connection between government expenditure on education, labour tax, and GDP. Finally, the research provides evidence about the importance of investing in human capital to promote long-term economic growth. And how the government's efforts and educational system operate in Eastern and Southern Africa, which is a geographic region that is often overlooked.

show abstract

“…As can be seen from Table 1, the transition from low-level labor resources to high-quality innovative human capital is also the primary consideration for more and more countries to complete the transformation of economic growth patterns. As the largest developing country, China has vigorously developed regional economic characteristics since the reform and opening up [10]. Therefore, China can no longer rely on the previous economic development model, but should use innovation as a new driving force for economic growth.…”

Section: Introductionmentioning

confidence: 99%

Influence of innovative human capital on economic development of China through the STI model

Zhang

2023

Applied Mathematics and Nonlinear Sciences

View full text Add to dashboard Cite

With the continuous progress of the times, innovation is the first driving force of development, and human capital is the carrier of innovation ability. Innovative human capital plays an important role in China’s economic development and enhancing its competitiveness. By selecting physical capital, labor input and innovative human capital input, and establishing an RBM-STI function model, the impact of innovative human capital on China’s economic development is calculated. The results show that innovative human capital has a significant role in promoting the contribution rate of economic development. And in the 2021-2022 stage, the growth rate of innovative human capital input and output is the largest, at 81.9%, while the growth rate of physical capital input and output is only 26.3%. It shows that although the role of physical capital in promoting economic development is not as obvious as that of innovative human capital, it is still the backbone of promoting economic development. The lowest contribution rate to economic growth in China’s provinces and cities is the labor input, which accounts for only 9.6% in the 2021-2022 period.

show abstract

Human or Physical Capital, Which Influences Sustainable Economic Growth Most? A Study on Bangladesh

Cited by 15 publications

References 36 publications

Islamic Financial Institutions as Solution to Financial Exclusion in Northern Nigeria: A Model Development

Islamic Financial Institutions as Solution to Financial Exclusion in Northern Nigeria: A Model Development

The Potential of Human Capital Investment in Contributing to Economic Growth: ARDL Approach in the Context of Eastern and Southern Africa

Influence of innovative human capital on economic development of China through the STI model

Contact Info

Product

Resources

About