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Causal Relationship between Human Capital and Economic Growth in European Countries (EU-28): Panel Analysis

International Journal on Emerging Technologies • 2019
العودة
معلومات البحث
المؤلفون Abdelmajied Fathy E.Y. and Lenar N Safijllin
الكلمات المفتاحية Economic Growth, Human Capital, Panel Data, European countries.
المجلة العلمية International Journal on Emerging Technologies
الناشر International Journal on Emerging Technologies
المجلد 10
العدد 2a
الصفحات 66-70
publication.type International
رابط البحث Open Link
المواد المرفقة Not Available
الملخص
The main objective of this study is to examine the empirical relationship between education, labor, and innovation as a proxy human capital and GDP per capita in European countries (EU-28). Our hypothesis is that (1) human capital is positive (significantly) related to the GDP per capita. (2) The human capital plays the same role of physical capital in increasing the real GDP per capita. The statistical methods utilized are the Panel Data (fixed and random effect) Model for (EU-28) through the period from 1995 to 2017. Findings, there is a strong relationship between human capital and real GDP per capita in (EU-28), this the human capital plays an important role in those countries, according to the endogenous economic theory, especially, (MRW model). Also, the paper concludes that human capital plays the same role of physical capital in increasing the real GDP per capita.