Tax structure, human capital, and inclusive growth: A <scp>sub‐Saharan</scp> Africa perspective

Oyinlola, Mutiu Abimbola; Adedeji, Abdulfatai A.

doi:10.1002/pa.2670

Cited by 10 publications

(3 citation statements)

References 54 publications

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“…Economic theory holds that education, as the main institutional mechanism for the accumulation, production, and diffusion of human capital, is also an externality for the dissemination of market and non-market interests (Schultz, 1961 ; Becker, 1964 ; Romer, 1986 , 1990 ; Lucas, 1988 ). Macro- and microeconomic literature by Acemoglu ( 2012 ), Arjun et al ( 2020 ), Campbell and Üngör ( 2020 ), Castilla-Polo and Sánchez-Hernández ( 2020 ), Fatima et al ( 2020 ), Rico and Cabrer-Borrás ( 2020 ), Rossi ( 2020 ), Oyinlola and Adedeji ( 2021 ), and Braunerhjelm ( 2022 ) highlight the importance of education or human capital in the growth process.…”

Section: Introductionmentioning

confidence: 99%

RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China

Ali

et al. 2022

Front. Psychol.

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China's domestic labor market has limited demand for tertiary graduates due to an unbalanced industrial structure, with a weak contribution to economic performance over the past decade. This study estimates the asymmetric effects of higher education progress (highly educated employed workforce), higher education utilization (highly educated unemployed workforce), and the separate effects of higher education utilization interactions with high-tech industries on economic growth in China from 1980 to 2020. Using a Nonlinear Autoregressive Distributed Lag (NARDL) model, this study finds that the expansion of higher education progress (the employed workforce with higher education) promotes economic growth, while contraction of higher education progress (employed workforce with higher education) reduces economic growth. Likewise, an increase in higher education utilization (the unemployed labor force with higher education) suppresses economic growth, while a decline in the higher education utilization (the unemployed labor force with higher education) promotes economic growth. The study also found that the expansion of high-tech industries and government spending on education significantly stimulate economic growth. The moderating role of higher education utilization (unemployed labor force with higher education) in the impact of high-tech industries on economic growth is significantly positive. This study strategically proposes that China's higher-educated unemployed labor force can be adjusted to high-tech industries, which need to be developed equally in all regions. Moreover, the country is required to invest more in higher education and the development of high technological industries across all regions, thus may lead to higher economic growth.

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Section: Introductionmentioning

confidence: 99%

RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China

Ali

et al. 2022

Front. Psychol.

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“…This finding, therefore, requires the governments in Central, Eastern, Southern and Western Africa to promote usage and improve investment in digital infrastructure that benefits all. Kouladoum (2023) and Oyinlola and Adedeji (2022) arrived at similar conclusions regarding the need for governments to invest more in digital infrastructure development.…”

Section: Evidence From Africamentioning

confidence: 67%

Fiscal space, governance quality and inclusive growth: evidence from Africa

Katuka,

Mudzingiri,

Ozili

2023

JFEP

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Purpose This study aims to examine the impact of fiscal space and governance quality on inclusive growth in African countries. Design/methodology/approach In total, 28 African countries were analyzed from 2000 to 2020 using the generalized method of moment regression method. An inclusive growth index was developed using the principal component analysis (PCA) method. The PCA-derived index incorporates factors such as poverty, income inequality, economic participation and per capita income. Findings The main findings suggest that fiscal space availability (de facto fiscal space and fiscal balance) promotes inclusive growth. The study also showed that lagged inclusive growth, digitalization and governance indicators positively influence inclusive growth. The study concludes that fiscal space availability fosters inclusive growth, but this effect is mediated by governance quality in Africa. Originality/value Several studies examined the role of fiscal policy on inclusive growth. However, it is crucial to assess the fiscal space, that is, the financial capacity of the government to implement its fiscal policy without harming its financial stability. This paper, therefore, contributes to the existing literature by using de facto fiscal space indicator to comprehend fiscal dynamics contributing to inclusive growth. In addition, the paper uniquely constructs an inclusive growth index by including poverty severity, which considers both the incidence and depth of poverty and inequality in society.

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“…Economic theory argues that education, as the primary institutional mechanism for the accumulation, production and diffusion of human capital, is also an externality for the spread of market and non-market interests. The importance of education or human capital in the growth process was emphasized by Campbell and Üngör (2020), Fatima et al (2020), Rossi (2020), Oyinlola and Adedeji (2021) and Braunerhjelm (2022). Similarly, Qi et al (2022) analysed China's domestic labour market and observed that there was a limited demand for tertiary graduates due to an unbalanced industrial structure, with a weak contribution Electronic ISSN 1803-1617…”

Section: Literature Reviewmentioning

confidence: 99%

Education Performance of Czech Public Higher Education Institutions Using Data Envelopment and Panel Regression Analysis

Hančlová,

Chytilová

2023

ERIES Journal

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The priority goals of the development of Czech higher education include ensuring the quality of its activities, improving the availability and relevance of flexible forms of education, and increasing efficiency in teaching and research. Several professional articles evaluated educational efficiency, but the proposed models did not include unemployed graduate students. The paper assesses education efficiency at public universities in the Czech Republic in 2020-2021 using an extended Data envelopment model with undesirable outputs, non-proportional and non-radial measures of distance from the efficient frontier. The influence of selected economic, social, regional and institutional factors on education efficiency is estimated by a panel regression model using the Feasible generalized least squares method. The results document the level and development of education efficiency and find insufficient reduction of unemployed graduates as a critical problem of inefficiency. More prominent universities achieve higher education efficiency. The main statistically significant factors influencing changes in education efficiency are population density, the unemployment rate, the location of the university in larger urban centres and the number of students per university employee.

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Tax structure, human capital, and inclusive growth: A sub‐Saharan Africa perspective

Cited by 10 publications

References 54 publications

RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China

RETRACTED: An empirical analysis of the impact of higher education on economic growth: The case of China

Fiscal space, governance quality and inclusive growth: evidence from Africa

Education Performance of Czech Public Higher Education Institutions Using Data Envelopment and Panel Regression Analysis

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