Human capital and economic growth in OECD countries: some new insights

Tahir, Muhammad; Hayat, Arshad; Rashid, Kashif; Afridi, Muhammad Asim; Tariq, Yasir Bin

doi:10.1108/jeas-07-2019-0073

Cited by 18 publications

(17 citation statements)

References 43 publications

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“…Gruzina et al. , 2021; Nathaniel, 2021; Tahir et al. , 2020; Cuevas Ahumada and Calderón Villarreal, 2019; Pelinescu, 2015).…”

Section: Introductionmentioning

confidence: 99%

“…In recent years, many scientific studies have suggested the positive effect of human capital on economic growth (e.g. Gruzina et al, 2021;Nathaniel, 2021;Tahir et al, 2020;Cuevas Ahumada and Calder on Villarreal, 2019;Pelinescu, 2015). Although the concept of human capital is limited to education (Adejumo et al, 2021;€ Ozdo gan € Ozbal, 2021;Ranjan, 2020;Burgess, 2016;Adedeji and Campbell, 2013), in the growth literature some are regarding health as another fundamental element of human capital (Hatak and Zhou, 2021;Thinagar et al, 2021;Zhao and Du, 2021;Currie, 2020;Parro and Pohl, 2018;Churchill et al, 2015;Barro, 2013;Bloom et al, 2001;Mushkin, 1962;Schultz, 1961).…”

Section: Introductionmentioning

confidence: 99%

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Health expenditures (total, public and private) and per capita income in the BRICS+T: panel bootstrap causality analysis

Canbay

Kırca

2022

JEFAS

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Purpose The study aims to determine whether there is a bidirectional causality relationship between health expenditures and per capita income in Brazil, Russia, India, China, South Africa and Turkey (BRICS+T). Design/methodology/approach For that purpose, the 2000–2018 period data of the variables were tested with the Kónya (2006) panel causality test. Additionally, the causality relationships between public and private health expenditures and per capita income were also investigated in the study. Findings According to the analysis results, there is no statistically significant causality relationship from total health expenditures and public health expenditures to per capita income in the relevant countries. Besides, there is a unidirectional causality relationship from private health expenditures to per capita income only in Turkey. On the other hand, a unidirectional causality relationship from per capita income to total health expenditures in China, Russia, Turkey and South Africa and from per capita income to public health expenditures in India, Russia, Turkey and South Africa were determined. Consequently, a causality relationship from per capita income to private health expenditures was found out in Russia and Turkey. Originality/value The variables are tested for the first time for BRICS+T countries, vis-à-vis the period under consideration and the method used.

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“…Gruzina et al. , 2021; Nathaniel, 2021; Tahir et al. , 2020; Cuevas Ahumada and Calderón Villarreal, 2019; Pelinescu, 2015).…”

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Health expenditures (total, public and private) and per capita income in the BRICS+T: panel bootstrap causality analysis

Canbay

Kırca

2022

JEFAS

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“…Human capital is a concept that first appeared in 1776 in classical economics [6]. From a production orientation perspective, Romer in Tariq et al, states that human capital is a fundamental source of economic productivity [7]. Rosen and Gayer had a similar opinion states that human capital is an investment made by humans to increase their productivity [8].…”

Section: Human Resources Investmentmentioning

confidence: 99%

Cigarette Expenditure and Its Effect on Human Resource Investment Allocation

Oktavianti¹,

Burhan²,

Ekawati³

et al. 2022

Proceedings of the Brawijaya International Conference on Economics, Business and Finance 2021 (BICEBF 2021)

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This study aims to analyze the expenditure of cigarettes on human resources. Human resource investment is measured using education and health spending. The model is based on an analysis of previous studies that show a bad effect of smoking on health and achievement. Until now, cigarettes still existed and can be consumed freely. However, on the other hand, several studies have shown the bad influence of cigarettes on the quality of human resources. Therefore, the author will discuss the issue of the relationship between cigarette spending and human resources in smokers' households. The authors use IFLS data to estimate the effect of cigarette spending on education spending and health spending. The data used are data from 2007 and 2014. The characteristics of the observed households are the same households in 2007 and 2014. Next, the authors estimate the model using OLS and FIXED. The results show that households with more cigarette spending will reduce spending on education. To find out more, the author makes two models based on the location of residence. More specific results show that household cigarette spending in rural areas will push health spending.

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“…When investment is inadequate to ensure the attainment of full employment, borrowing and spending by the government leads to an increase in public investment which complements the inadequate private investment to stimulate economic growth and recover. Moreover, Tahir et al (2020) examined that human capital, trade openness and public investment are positively associated with economic growth for developing countries. The study also revealed that human capital accumulation has positively impacted economic growth.…”

Section: Public Debtmentioning

confidence: 99%

“…Because risk management on public debt may influence both debt level and debt composition and to both the micro and macro country, developing framework both short and long term. On the other hand, Tahir et al (2020) examined that human capital and public investment are positively associated with economic growth including that human capital accumulation for developing countries.…”

Section: Regression Modelmentioning

confidence: 99%

Effect of Fiscal Policy on Human Capital in Thailand

Naknok¹

2021

IJEBA

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Purpose: The purpose of this study aims to examine the composition effect of fiscal policy variables, labor effectiveness, Thailand's innovation, public debt, and personal income on human capital. Design/Methodology/Approach: To achieve this purpose, regression models are used, with time series data, employed form 1985 to 2019. The simple model was employed to investigate the effect of fiscal policy and personal income toward both long-run and shortrun human capital. Findings: The results found that in the long run after changing fiscal policy, labor effectiveness, Thailand's innovation, and personal income are positive coefficient and significant for human capital while public debt has a negative coefficient and is significant for human capital in Thailand. Only public debt and personal income are short run significant of human capital accumulation. Practical Implication: Based on the finding of this study, it recommended that appropriate fiscal policy is still worthwhile and fiscal policy authorities must use an effective framework to build the education system in order to improve human capital in Thailand. Originality/Value: Because of this finding, indicating how the effective roles both policy maker and lecturer in university including education pattern should be shaped and reformed. This finding will be the track to enhance labor performance in the long-term human capital and all part of involvement will be aware the future developing target of country in order to ultimately obtain the highest successful not only in Thailand's labor bot also throughout the world particularly in developing countries..

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Human capital and economic growth in OECD countries: some new insights

Cited by 18 publications

References 43 publications

Health expenditures (total, public and private) and per capita income in the BRICS+T: panel bootstrap causality analysis

Health expenditures (total, public and private) and per capita income in the BRICS+T: panel bootstrap causality analysis

Cigarette Expenditure and Its Effect on Human Resource Investment Allocation

Effect of Fiscal Policy on Human Capital in Thailand

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