Human Capabilities and Economic Growth: A Comparative Human Capability Index

Authors

  • Mine Yılmazer Celal Bayar University, School of Applied Sciences
  • Serkan Cinar Celal Bayar University, School of Applied Sciences

Abstract

The purpose of this paper is to contribute to research probing the underlying role human capital plays on economic growth in 1985-2011 for 17 developed and developing countries. Firstly, we examined the determinants of human capabilities and formulated a new human capital index (Comparative Human Capability Index). Secondly, we analyzed the relationship between human capital and economic growth using the endogenous growth model. Results of the panel cointegration tests support a long-run positive relationship between human capital and economic growth in both developed and developing countries, however our results show that human capital is more effective in developed countries than in developing countries.

Keywords: Human Development; Economic Growth; Panel Data

JEL Classifications: C33; O15

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Author Biographies

Mine Yılmazer, Celal Bayar University, School of Applied Sciences

Departmnet of International Trade

Serkan Cinar, Celal Bayar University, School of Applied Sciences

Department of Banking and Finance

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Published

2015-10-16

How to Cite

Yılmazer, M., & Cinar, S. (2015). Human Capabilities and Economic Growth: A Comparative Human Capability Index. International Journal of Economics and Financial Issues, 5(4), 843–853. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/1312

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