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Human Capital and Economic Growth in Tunisia: Macroeconomic Findings

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  • Dhaoui, Elwardi

Abstract

Since the seminal work of Solow (1956), along with the accumulation of factors related to physical capital, human capital has become one of the main determinants of economic growth. In this perspective, education is on growth through several channels to know, for example, life expectancy, birth rates and enrollment highlighted in most econometric regressions. The debate on the contribution of education to economic growth, especially in developing countries, is permanent in the economic literature. In Tunisia, this debate is even more pronounced when considering the proportion of the budget allocated to education. Education as an engine of growth, can also analyze various forms since its impact on growth varies we have primary, secondary and higher education. This paper aims to answer three sets of questions including: Is education is the only determinant of growth in Tunisia? If not, what are the related factors that enhance or constrain the effects on growth? And economic factors which structural or do they dominate in this process? Finally, what is the direction of causality between the highest education and economic growth? To provide some answers to these research questions, this study's objective is to empirically test a hypothesis defined for this purpose. This is the concern of this article. For this purpose, this paper tries to give some possible reflections that help us to develop the analytical tool that may help us to improving the way towards the amplification of the analysis paradigm.

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  • Dhaoui, Elwardi, 2013. "Human Capital and Economic Growth in Tunisia: Macroeconomic Findings," MPRA Paper 63689, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:63689
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    References listed on IDEAS

    as
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    3. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    4. Serge Coulombe & Jean-François Tremblay, 2004. "Literacy, Human Capital and Growth," Working Papers 0407E, University of Ottawa, Department of Economics.
    5. Ms. Sonia Brunschwig & Mr. Emilio Sacerdoti & Mr. Jon Tang, 1998. "The Impact of Human Capital on Growth: Evidence from West Africa," IMF Working Papers 1998/162, International Monetary Fund.
    6. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    7. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
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    Keywords

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    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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