What is it about?
This study examined the empirical relationship between human capital and economic growth across eight Sub-Saharan African (SSA) countries. The primary goal of this study was to examine the relationship between economic growth and human capital in selected SSA countries. The study investigated the short-and long-term effects of labor, human capital, and fixed capital on economic growth and offered policy recommendations to promote and sustain economic growth.
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Why is it important?
The findings provided strong empirical evidence of significant short- and long-term relationships between the variables. The long-run analysis demonstrates that human capital positively influences economic growth. Additionally, in the short-run, fixed assets, human capital, and labor were found to positively and significantly impact economic growth. Therefore, it adds value to the ongoing discussion on how human capital affects economic growth by employing a dynamic panel technique adapted to the SSA region.
Perspectives
I hope this demonstrates that human capital variables positively impact economic growth in SSA countries in both the short- and long-run. Consequently, this study underscores the role of human capital as a critical and influential factor in promoting economic growth in emerging SSA countries. It also contributes valuable insights for policymakers and adds to the existing literature in this area.
Dr. Mohamed Sharif Bashir
Imam Mohammad Ibn Saud Islamic University
Read the Original
This page is a summary of: Human Capital and Economic Growth in Sub-Saharan African Countries: A Panel Data Analysis, Journal of Economics and Administrative Sciences, December 2024, University of Baghdad - College of Administration and Economics,
DOI: 10.33095/kdgw1963.
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