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Education and Human Capital Effect on Malaysian Economic Growth

Author

Listed:
  • Rabiul Islam

    (School of International Studies, College of Law, Government, and International Studies, University Utara Malaysia, 06010 UUM, Sintok, Kedah, Malaysia,)

  • Ahmad Bashawir Abdul Ghani

    (School of International Studies, College of Law, Government, and International Studies, University Utara Malaysia, 06010 UUM, Sintok, Kedah, Malaysia,)

  • Bobby Kusuma

    (School of International Studies, College of Law, Government, and International Studies, University Utara Malaysia, 06010 UUM, Sintok, Kedah, Malaysia,)

  • Belinda Barbara Theseira

    (Department of Economics, University Utara Malaysia, 06010 UUM, Sintok, Kedah, Malaysia.)

Abstract

In this globalization era, more knowledgeable human capital is needed to gain better economic growth. The ability of a country's human resources in providing skillful labors in various scopes ensures the success of implementation of the economic policies. Education and human capital has two essential keys that have relation in contributing towards the economic growth. Human capital is a set of resources that combines knowledge, training and skills that is correlated to education. The attention in higher education increases from time to time as people realizing the importance of providing better education for the future of their children and the economy as a whole.

Suggested Citation

  • Rabiul Islam & Ahmad Bashawir Abdul Ghani & Bobby Kusuma & Belinda Barbara Theseira, 2016. "Education and Human Capital Effect on Malaysian Economic Growth," International Journal of Economics and Financial Issues, International Journal of Economics and Financial Issues, vol. 6(4), pages 1722-1728.
    • Handle: RePEc:eco:journ1:2016-04-58
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    References listed on IDEAS

    as
    1. Stephen Knack & Philip Keefer, 1997. "Does Social Capital Have an Economic Payoff? A Cross-Country Investigation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 1251-1288.
    2. Hill, John K & Pearce, James E, 1990. "The Incidence of Sanctions against Employers of Illegal Aliens," Journal of Political Economy, University of Chicago Press, vol. 98(1), pages 28-44, February.
    3. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

    1. Md. Nasir Uddin & Saran Sarntisart & Afrin Mahbub & A. B. M. Rahmatullah, 2023. "Power of education in economic conflicts: how the Deep South differs from other southern provinces in Thailand?," Asia-Pacific Journal of Regional Science, Springer, vol. 7(3), pages 987-1005, September.
    2. Emilda Hashim* & Norimah Rambeli@ Ramli & Nurhanani Romli & Norasibah Abdul Jalil & Syazwani Mohd Bakri & Ng Woan Ron, 2018. "Determinants of Real GDP in Malaysia," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 97-103:3.

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    More about this item

    Keywords

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    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O - Economic Development, Innovation, Technological Change, and Growth

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