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Human Capital and Economic Growth: A Panel Data Analysis with Health and Education for MENA Region

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  • AyÅŸen Altun Ada
  • Hakan AcaroÄŸlu

Abstract

This article analyzes the relation between economic growth and human capital for the period between 1990 and 2011 in 15 MENA (Middle East and North Africa) countries. The authors rely on The Augmented Solow Model as it is used in Mankiw et. al. (1992). However, the statistical analysis is panel-data for countries. Human capital is represented separately by health and by education. The findings show that in MENA countries, when education quality is improved, the GDP per capita would increase, thus growth can be much effective. It is also noted that both in terms of health and education the public spending for human capital has no significance on GDP per capita. The decision makers of countries may pay attention, if effective growth process takes part in their agenda for development strategies.

Suggested Citation

  • AyÅŸen Altun Ada & Hakan AcaroÄŸlu, 2014. "Human Capital and Economic Growth: A Panel Data Analysis with Health and Education for MENA Region," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 4(4), pages 1-6.
    • Handle: RePEc:spt:admaec:v:4:y:2014:i:4:f:4_4_6
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    Cited by:

    1. Mariya Neycheva, 2019. "How might the negative impact of higher education on growth be explained? The role of vertical qualification (mis)match in an MRW‐type model," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 27(4), pages 943-969, October.
    2. Tang , Tuck Cheong & Lai, Siow Li, 2022. "Government Spending on Tertiary Education, Knowledge, Technology, and Economic Growth," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, vol. 47(4), pages 99-122, December.
    3. C. M. Jayadevan, 2021. "Impacts of health on economic growth: evidence from structural equation modelling," Asia-Pacific Journal of Regional Science, Springer, vol. 5(2), pages 513-522, June.

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