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Evolving economic growth via the human capital development paradigm: Evidence from the Francophone West-African economies

Author

Listed:
  • Friday Osaru OVENSERI-OGBOMO

    (Benson Idahosa University, Nigeria)

  • Sunday Osahon IGBINEDION

    (University of Benin, Nigeria)

Abstract

This research examined the impact of Human Capital Development (HCD) on economic growth among the ten French-Speaking West African Countries. Panel data analysis was used in capturing the relationship between human capital development and economic growth in the West Africa sub region. The endogeneity problem often associated with panel data analysis was accounted for through the use of the Generalized Method of Moments. From the Arellano-bond dynamic panel estimation, it revealed that secondary school levers (SSE6), those who enrolled for a minimum of four years at the tertiary school level (TSE4) and gross capital formation (GCF) were statistically significant in determining economic growth among the Francophone countries in West Africa.

Suggested Citation

  • Friday Osaru OVENSERI-OGBOMO & Sunday Osahon IGBINEDION, 2019. "Evolving economic growth via the human capital development paradigm: Evidence from the Francophone West-African economies," Turkish Economic Review, EconSciences Journals, vol. 6(1), pages 77-90, January.
    • Handle: RePEc:cvv:journ2:v:6:y:2019:i:1:p:77-90
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    References listed on IDEAS

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    4. World Bank, 2008. "World Development Indicators 2008," World Bank Publications - Books, The World Bank Group, number 11855, April.
    5. Mikael Lindahl & Alan B. Krueger, 2001. "Education for Growth: Why and for Whom?," Journal of Economic Literature, American Economic Association, vol. 39(4), pages 1101-1136, December.
    6. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    7. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    8. Jerry Hausman, 2015. "Specification tests in econometrics," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 38(2), pages 112-134.
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    Cited by:

    1. Maxwell Ogbemudia OBASUY & Friday Osaru OVENSERI-OGBOMO, 2022. "Endogenous growth model and the human capital development: Evidence from the West African Monetary Zone (WAMZ)," Journal of Economics and Political Economy, EconSciences Journals, vol. 9(3), pages 222-237, September.

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    Keywords

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    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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