Relationship Between Human Capital and Economic Growth: Panel Causality Analysis for Selected OECD Countries

Kesikoğlu, Ferdi; Öztürk, Zafer

doi:10.14706/jecoss11315

Cited by 23 publications

(5 citation statements)

References 15 publications

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“…, 2019; Yeo and Lee, 2020). It is advocated that persistent economic growth is conditioned on endogenous factors like human capital, foreign trade policies, financial development and public expenditure (Kesikoğlu and Öztürk, 2013). The catch-up models postulate that human capital accumulation can explain the differences in performance of developed and developing countries in the long run (Van Leeuwen and Foldvari, 2008).…”

Section: Literature Review: Human Capital and Economic Growthmentioning

confidence: 99%

Early human capital: the driving force to economic growth in island economies

Tandrayen‐Ragoobur

Narsoo²

2022

IJSE

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PurposeThe paper investigates into the human capital–economic growth nexus by arguing that investment in early education and health helps in achieving higher economic growth. Early investment in human capital matters most for economic growth than the increase in human capital over the years.Design/methodology/approachA dynamic vector error correction model (VECM) together with the impulse response function and variance decomposition are used on data for Mauritius from 1983 to 2019. The paper distinguishes between the short-run and the long-run effects of human capital measured by the pupil–teacher ratio in pre-primary education and life expectancy at birth.FindingsThis study’s findings reveal that investment in early education and health has contributed positively to growth performance. There is evidence for long-run growth effects arising from a positive shock in the education and health indicators.Originality/valueThis paper contributes to both the theoretical and empirical literature on the human capital–growth nexus. Mauritius as a natural resource poor small economy is an important case study as it has started early in investing in its people to promote economic growth.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-11-2021-0674.

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Section: Literature Review: Human Capital and Economic Growthmentioning

confidence: 99%

Early human capital: the driving force to economic growth in island economies

Tandrayen‐Ragoobur

Narsoo²

2022

IJSE

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“…Ayrıca yazar bu ilişkinin yönünü pozitif olarak rapor etti. Tatoğlu (2011Tatoğlu ( ), 1975Tatoğlu ( -2005 döneminde 20 OECD ülkesine ait olan kişi başına düşen sağlık harcamalarıyla GSYH arasında kısa ve uzun vadeli ilişkiyi inceledi. Çalışmada panel birim kök ve panel eşbütünleşme testleri uygulandıktan sonra, panel hata düzeltme modeli kullanılarak sağlık harcamalarının uzun dönem ve kısa dönem gelir esnekliği tahmin edilmiştir.…”

Section: Literatür Taramasıunclassified

Türkiye'de Sağlık Harcamaları ile Ekonomik Büyüme İlişkisi

Sağır,

Kaplan

2024

İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi

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Ekonomik büyümeyi artıran nedenlerin başında beşeri sermaye stoğuna yapılan yatırımlar gelmektedir. Bu yatırımlardan biri de sağlık harcamalarıdır. Bir ülkedeki sağlık harcamalarının artması, eğitimin etkisiyle bilinçli toplumun sağlık hizmetlerinden daha verimli yararlanmasına ve dolayısıyla o toplumun gelişmesine ve refah seviyesinin artmasına pozitif katkı sağlayacaktır. Çalışmada Türkiye’de 2000-2018 dönemlerine ait ekonomik büyüme ve sağlık harcamaları değişkenleri arasındaki uzun dönem ilişki Auto Regressive Distributed Lag, (ARDL, Gecikmesi Dağıtılmış Otoregresif Model) testi ile incelenmiştir. Yapılan analizler sonucunda ekonomik büyüme ile sağlık harcamaları arasında pozitif ve anlamlı uzun dönemli bir ilişki olduğu gözlemlenmiştir.

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“…Pradhan (2011) concluded that there is a long-run relationship between health expenditures and economic growth in 11 OECD countries selected for the 1961-2007 period (Pradhan, 2011: 68-83). Tatoğlu (2011) found that there is a long-term relationship between per capita GDP and health expenditures of 20 OECD countries covering the period of 1975-2005. Elmi and Sadeghi (2012) concluded that there is a long-term reciprocal causality relationship between economic growth and health expenditures in developing countries in the 1990-2009 period (Elmi and Sadeghi (2012: 88-9).…”

Section: Literature Reviewmentioning

confidence: 99%

THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND HEALTH, R&D EXPENDITURES AND UNEMPLOYMENT IN TURKEY / Türkiye'de Ekonomik Büyüme İle Sağlık, Ar-Ge Harcamaları Ve İşsizlik İlişkisi

ŞENOL

ONARAN²

2022

Uluslararası Ekonomi İşletme Ve Politika Dergisi

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Human capital, being one of the important factors affecting economic growth, has gained more importance especially since the beginning of the 1990s and the interest in this field has increased in economic growth studies. The increase in human capital accumulation contributes to the economic growth. Today, technological developments and R&D activities play an effective role in ensuring sustainable economic growth. Although the existence of a negative relationship between economic growth and unemployment is generally accepted in the economic theory, it is still a controversial issue because unemployment is a multidimensional problem. In this study, the relationship between economic growth and health expenditures, R&D expenditures, and unemployment in Turkey was investigated by using time series analysis for the period of 1990-2020. Johansen co-integration analysis results revealed that there is a long-run relationship between economic growth and health expenditures, R&D expenditures and unemployment in Turkey. The results of the study reveal that a positive change in the levels of health and R&D expenditures in Turkey has a positive contribution to economic growth, while there is a negative relationship between the level of unemployment and economic growth.

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Relationship Between Human Capital and Economic Growth: Panel Causality Analysis for Selected OECD Countries

Abstract: ABSTRACT

Cited by 23 publications

References 15 publications

Early human capital: the driving force to economic growth in island economies

Early human capital: the driving force to economic growth in island economies

Türkiye'de Sağlık Harcamaları ile Ekonomik Büyüme İlişkisi

THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND HEALTH, R&D EXPENDITURES AND UNEMPLOYMENT IN TURKEY / Türkiye'de Ekonomik Büyüme İle Sağlık, Ar-Ge Harcamaları Ve İşsizlik İlişkisi

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