Investment in Human Capital and Economic Growth in Singapore

Maitra, Biswajit

doi:10.1177/0972150915619819

Cited by 38 publications

(34 citation statements)

References 15 publications

(13 reference statements)

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“…At the national level, it is the qualified and skilled individuals, rather than its physical capital and material resources that determine the character and pace of economic growth [34]. There is extensive literature that attributes the phenomenal growth of most of the Asian countries to deliberate and intensive investment in human capital development that led to the accumulation of skilled and employable labour force with innovative capacities and high productivity translating to economic growth [35][36][37][38]. Human Capital is an accelerator of scientific, technological progress and innovation.…”

Section: Literature Reviewmentioning

confidence: 99%

Output Growth of Uganda’s Agriculture Sector: Does Public Expenditure on Education Matter?

Owuor

Bett

Mwenjeri

2020

JSRR

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We examine the multiple dimensions of the effect of public investment in education on agriculture sector output in a multivariate econometric framework. The study is underpinned by the growing interest in empirical investigations on the effects of public education expenditure on economic growth in developing countries to inform the education sector policy environment. The research employed a longitudinal study approach to examine the extent of public investment in education and effects on agriculture sector output in Uganda. The study relied on data from national statistics for the period 1982- 2017. Overall, public expenditure on education has a net positive effect on agriculture sector output. The impact of education on agriculture output has been proven to promote agriculture output through supporting farmer adoption of new productivity-enhancing technologies.

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Section: Literature Reviewmentioning

confidence: 99%

Output Growth of Uganda’s Agriculture Sector: Does Public Expenditure on Education Matter?

Owuor

Bett

Mwenjeri

2020

JSRR

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“…The level of HC determines the economic and social sustainability of a region. Education is one of the most important means of boosting the level of HC [24,25]. Since the mid to late 20th century, the concept of HC has stimulated extensive discussions among Western economists and has become an important subject of research in endogenous growth theory.…”

Section: Poverty Alleviation Funds and Human Capitalmentioning

confidence: 99%

Threshold Effect of Poverty Alleviation Funds on Human Capital Accumulation: A Case Study of Impoverished Counties in China

Yang

2019

Sustainability

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Studies have shown that the effectiveness of poverty alleviation funds is not always as intended; hence, there is an urgent need for researchers and policy makers to study the relationship between such funds and their impact on endogenous growth dynamics. This study focuses on the impact of these funds on human capital accumulation, which is an important driver of endogenous economic growth, and analyzes whether there is a threshold level for the efficacy of funds in countering poverty. This study examines the relationship between the Chinese government’s fund transfers to key poverty-stricken counties and the level of human capital in these regions by employing a fixed-effect threshold panel regression model on data from 592 counties from 2002 to 2015. Our study finds that the Chinese government’s fund transfers for poverty alleviation display a significant threshold effect. When funds are less than RMB 1291 per capita, there is a significant effect on local economic development; once this threshold is exceeded, there is a significant inhibitory effect instead. When the amount exceeds RMB 4469 per capita, fund transfers once again stimulate economic growth. This study enriches the theoretical understanding of the complex relationship between the use of funds in poverty-stricken areas and their impact on endogenous growth dynamics. It also provides useful suggestions for the effective use of poverty alleviation funds.

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“…Louër (2008) says that the results re-location have been the extending of state society's struggle, the dependable components of low and moved human capital in the present age are the frail approaches of state for overseeing and controlling the unemployment ratio in developing economies by giving an appropriate business openings market to use the ability for the economy improvement rather than moving to abroad market from the crane showcase. Maitra (2016) discovered that investment in human capital and labor added to growth of economy in Singapore. The utilizing test Johansen co-combination and time series data for period of time from 1981-2010 and fined long time period relationship among growth of economy, investment in Human capital and utilized the labor force.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Foreign Investment, Labor Force and Interest Rate on Economic Growth: A Case of Pakistan (Under CPEC Project Contribution Countries)

Hussain

Akram

Ghaffar

et al. 2019

Asian Development Policy Review

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Belt and Road Initiative appears as a worldwide investment of China. CPEC is fundamental part of BRI worldwide project. Labor market is demand for specialized human skill of expanding the investment activity for Pakistan under CPEC project little part of BRI project. This paper explores the relation between foreign direct investment, labor force, interest rate, terrorism, export and economic growth over using time series data from 1985 to 2016. Economic growth used as dependent variable and FDI, Labor and interest rate terrorism and trade used as an explanatory variable. Here utilized ADF test, unit root test, Johansen co-integration and Granger causality methods were utilized shows that the relationships between the variables in long run time period. The Error Correction Model has been utilized to explore the relationship between the labor market independent variable and economic growth dependent variable. The consequence of different procedures demonstrates that labor market has measurably critical effect on gross economic growth. The interest in China Pakistan Economic Corridor will required more dexterous, specialized and non-specialized work drive in this manner to include that labor wages as of late are more imperative for growth of Pakistan economy. On the other hand, the analytical result documented to all the characterize variables in our model boots economic growth so work constrain for growth of Pakistan economy in short run is more essential contributing growth. Contribution/ Originality: The paper's primary contribution is to find the impact of foreign investment, labor force and interest rate on economic growth in Pakistan.

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Investment in Human Capital and Economic Growth in Singapore

Cited by 38 publications

References 15 publications

Output Growth of Uganda’s Agriculture Sector: Does Public Expenditure on Education Matter?

Output Growth of Uganda’s Agriculture Sector: Does Public Expenditure on Education Matter?

Threshold Effect of Poverty Alleviation Funds on Human Capital Accumulation: A Case Study of Impoverished Counties in China

Impact of Foreign Investment, Labor Force and Interest Rate on Economic Growth: A Case of Pakistan (Under CPEC Project Contribution Countries)

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