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Mechanisms of the Influence of Human Capital on Economic Growth: A Panel Data Analysis of the CEMAC Region

Author

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  • Ongo Nkoa B Emmanuel
  • Vukenkeng Andrew Wujung
  • Seppo Martin P Emmanuel

Abstract

This paper examines the mechanisms through which human capital influences economic growth in the CEMAC region. The effect of human capital on economic growth was estimated using Two Stage Least Square (2SLS) multiple regression model for the individual countries and the method of Generalized Least Square for the whole sub region. The results show that secondary education improves human capital development. A good health system strengthens/increases the quality of capital. Knowledge acquired on the job increases the productivity of the workers and the accumulated human capital significantly impacts positively on the economic growth of the CEMAC region.

Suggested Citation

  • Ongo Nkoa B Emmanuel & Vukenkeng Andrew Wujung & Seppo Martin P Emmanuel, 2014. "Mechanisms of the Influence of Human Capital on Economic Growth: A Panel Data Analysis of the CEMAC Region," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(5), pages 625-640.
    • Handle: RePEc:asi:aeafrj:v:4:y:2014:i:5:p:625-640:id:1181
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    Cited by:

    1. Elita Mora & Irene Vicente & Patricia Villegas & Rafael Alvarado, 2017. "Relación entre el capital humano y el producto en Ecuador: el rol de las políticas educativas," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 1, pages 1-1, June.
    2. Olusola Olalekan Joshua, 2016. "The Impact of Physical and Human Capital Development on Economic Growth in Developing and Developed Countries: A Comparative Panel Data Approach," Economy, Asian Online Journal Publishing Group, vol. 3(1), pages 1-18.

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