The human capital–economic growth nexus in SSA countries: what can strengthen the relationship?
PurposeThe purpose of this study is to examine the impact of human capital on economic growth for a selected sample of nine SSA countries between 1980 and 2014 using a panel econometric approach.Design/methodology/approachThe authors estimate a log-linearized endogenous using the fully modified ordi...
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| Veröffentlicht in: | International journal of social economics 2020-09, Vol.47 (9), p.1143-1159 |
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| container_title | International journal of social economics |
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| creator | Karambakuwa, Roseline Tapuwa Ncwadi, Ronney Phiri, Andrew |
| description | PurposeThe purpose of this study is to examine the impact of human capital on economic growth for a selected sample of nine SSA countries between 1980 and 2014 using a panel econometric approach.Design/methodology/approachThe authors estimate a log-linearized endogenous using the fully modified ordinary least squares (FMOLS) and the dynamic ordinary least squares (POLS) applied to our panel data time series.FindingsThe empirical analysis shows an insignificant effect of human capital on economic growth for our selected sample. These findings remain unchanged even after adding interactive terms to human capital, which are representatives of government spending as well as foreign direct investment. Nevertheless, the authors establish a positive and significant effect of the interactive term between urbanization and human capital on economic growth.Practical implicationsThe results emphasize the need for African policymakers to develop urbanized, “smart”, technologically driven cities within the SSA region as a platform toward strengthening the impact of human capital-economic growth relationship.Originality/valueThis study becomes the first in the literature to validate the human capital–urbanization–growth relationship for African countries. |
| doi_str_mv | 10.1108/IJSE-08-2019-0515 |
| format | Article |
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These findings remain unchanged even after adding interactive terms to human capital, which are representatives of government spending as well as foreign direct investment. Nevertheless, the authors establish a positive and significant effect of the interactive term between urbanization and human capital on economic growth.Practical implicationsThe results emphasize the need for African policymakers to develop urbanized, “smart”, technologically driven cities within the SSA region as a platform toward strengthening the impact of human capital-economic growth relationship.Originality/valueThis study becomes the first in the literature to validate the human capital–urbanization–growth relationship for African countries.</description><identifier>ISSN: 0306-8293</identifier><identifier>EISSN: 1758-6712</identifier><identifier>DOI: 10.1108/IJSE-08-2019-0515</identifier><language>eng</language><publisher>Bradford: Emerald Publishing Limited</publisher><subject>Economic growth ; Education ; Educational attainment ; Endogenous ; Expenditures ; Foreign investment ; GDP ; Government spending ; Gross Domestic Product ; Human capital ; International finance ; International organizations ; Life expectancy ; Panel data ; Policy making ; Secondary schools ; Success ; Time series ; Urbanization</subject><ispartof>International journal of social economics, 2020-09, Vol.47 (9), p.1143-1159</ispartof><rights>Emerald Publishing Limited</rights><rights>Emerald Publishing Limited 2020</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c390t-3e8ba5427f5b85e21a523d4f0422e0c81eaa62fa77225158755482bd785974813</citedby><cites>FETCH-LOGICAL-c390t-3e8ba5427f5b85e21a523d4f0422e0c81eaa62fa77225158755482bd785974813</cites><orcidid>0000-0003-1775-3546</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.emerald.com/insight/content/doi/10.1108/IJSE-08-2019-0515/full/html$$EHTML$$P50$$Gemerald$$H</linktohtml><link.rule.ids>314,780,784,967,11635,12846,27866,27924,27925,30999,52689</link.rule.ids></links><search><creatorcontrib>Karambakuwa, Roseline Tapuwa</creatorcontrib><creatorcontrib>Ncwadi, Ronney</creatorcontrib><creatorcontrib>Phiri, Andrew</creatorcontrib><title>The human capital–economic growth nexus in SSA countries: what can strengthen the relationship?</title><title>International journal of social economics</title><description>PurposeThe purpose of this study is to examine the impact of human capital on economic growth for a selected sample of nine SSA countries between 1980 and 2014 using a panel econometric approach.Design/methodology/approachThe authors estimate a log-linearized endogenous using the fully modified ordinary least squares (FMOLS) and the dynamic ordinary least squares (POLS) applied to our panel data time series.FindingsThe empirical analysis shows an insignificant effect of human capital on economic growth for our selected sample. 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| ispartof | International journal of social economics, 2020-09, Vol.47 (9), p.1143-1159 |
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| source | PAIS Index; Emerald A-Z Current Journals; Applied Social Sciences Index & Abstracts (ASSIA) |
| subjects | Economic growth Education Educational attainment Endogenous Expenditures Foreign investment GDP Government spending Gross Domestic Product Human capital International finance International organizations Life expectancy Panel data Policy making Secondary schools Success Time series Urbanization |
| title | The human capital–economic growth nexus in SSA countries: what can strengthen the relationship? |
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