Influence of financial support of human capital development on economic growth

Чугунов, Ігор; Makohon, Valentyna; Kaneva, Tetiana; Adamenko, Iryna

doi:10.21511/ppm.20(2).2022.22

Cited by 6 publications

(1 citation statement)

References 37 publications

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“…There was enough room for interpretation in their model, but the analytic strategy ignored the study's temporal dynamics. Evaluations of the effect of human capital and infrastructure development on economic growth in the BRICS and transition countries have been conducted by Oluwumi (2019), Tsaurai and Ndou [18]; Igor, Valentyna, Tatjana, and Iryna [19], and others, with consideration given to variances across nations. Their a priori hypothesis were validated, despite the fact that the research weren't country-specific and didn't account for the order in which schooling affects human capital.…”

Section: Review Of Empirical Literaturementioning

confidence: 99%

Human Capital Development and Economic Growth: Evidence from Nigeria

Eniekezimene,

Wodu,

Anda-Owei

2023

AJEBA

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This study examined the impact of human capital development on economic growth in Nigeria from 1981 to 2021using the autoregressive distributed lag (ARDL) method. Annual time series data on the dependent variable, real gross domestic product growth rate (RGDPG), alongside the independent variables, including government expenditure on education, government expenditure on health as well as gross fixed capital formation were sourced and collected from Central Bank of Nigeria [1] Statistical Bulletin, while the annual time series data on primary, secondary and tertiary school enrolments were collected from UNESCO [2] Institute for Statistics. The series were tested for stationarity using the Augmented Dickey Fuller (ADF) unit root test. The result showed a mix of variables integrated of order one, I(1) and of order zero, I(0). The Bounds test for cointegration showed the existence of long run relationship amongst the variables as the F-statistic value of approximately 3.43 was found to be higher than the 5% upper bounds value of 3.28. The results of the ARDL method of analysis revealed that in the long run, government expenditure on education and tertiary school enrolment had insignificant negative impact on economic growth while government expenditure on health, gross fixed capital formation, primary and secondary school enrolments had insignificant positive impacts on economic growth. On the other hand, in the short run, while government expenditure on education exhibited significant negative impact on economic growth, government expenditure on health had significant positive impact on economic growth. Gross fixed capital formation impacted positively on economic growth, primary school enrolment had negative impact while secondary and tertiary enrolments had positive impact on economic growth. Consequently, the study recommended among others that the government should set incremental annual targets expenditure on health aimed at achieving the Abuja agreement of 15% of total public expenditure in the health sector. This will create multiplier effect in the long run and serve as a boost to economic growth in the country.

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Section: Review Of Empirical Literaturementioning

confidence: 99%

Human Capital Development and Economic Growth: Evidence from Nigeria

Eniekezimene,

Wodu,

Anda-Owei

2023

AJEBA

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Comparing the resilience of Sharia and conventional banking to the financial crisis in the Association of Southeast Asian Nations

Suripto,

Sugiono,

Dasuki

2023

Banks and Bank Systems

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This study aims to analyze the comparison of the resilience of Islamic and conventional banking in the Association of Southeast Asian Nations (ASEAN) during the COVID-19 pandemic. Comparison of banking resilience was proxied by the Capital Adequacy Ratio (CAR) and Loan-to-Deposit Ratio (LDR) factors, Return on Assets (ROA) and Non-Performing Loans (NPL) with the Multiple Discriminant Analysis test. In this case, the emphasis is placed on the patterns by which Islamic and conventional banking in ASEAN weathered the recent financial crisis during the COVID-19 pandemic. The explanatory and quantitative analysis also used a purposive sample strategy and SPSS to obtain and analyze data from 120-unit analyses of Islamic and conventional banks, respectively. From 2020 to 2021, traditional banks in the ASEAN region, especially in Indonesia, Malaysia, and Brunei Darussalam, were emphasized. Moreover, some data were prioritized regarding the Comparison of Resilience of Sharia and Conventional Banking in ASEAN after the COVID-19 pandemic. The results showed that conventional and Islamic banks had different resilience due to the influence of Capital Adequacy Ratio (CAR) and Loan-to-Deposit Ratio (LDR) factors, but there was no significant difference in the Return on Assets (ROA) and Non-Performing Loans (NPL). Based on the accuracy of the average prediction of 80%, conventional and Islamic bank groups had classification values of 48% and 88%, respectively. This indicated that Islamic financial institutions were more successful than conventional groups in implementing banking resilience.

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Filling a financial gap in SDG3 achievement: Investments vs. budget funds

Plastun,

Gryn,

Proskurina

et al. 2023

Public and Municipal Finance

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This paper delves into the challenge of financing Sustainable Development Goal 3 “Ensure healthy lives and promote well-being for all at all ages” (SDG 3). Despite its ambitious nature, the achievement of this goal has been hindered by a substantial lack of funding. The study aims to investigate potential sources to bridge the investment gap in SDG 3, analyzing data from 28 European countries. This includes factors such as the index and progress in sustainable development, sources of investment resources, and healthcare costs for 2020. Logit and probit regression models are employed for the analysis. The results indicate the absence of a statistically significant relationship between the volume of investments from the state, businesses, and households of countries and their level of SDG 3 achievement. However, an interesting finding emerges regarding healthcare expenditures under state insurance programs among European countries, which show a greater extent of progress in achieving SDGs compared to voluntary insurance programs. The paper emphasizes the importance of a balanced approach that uses multiple funding sources and the need for focused policies and partnerships to mobilize resources to ensure healthy lives and promote well-being for all at all ages. AcknowledgmentAlex Plastun gratefully acknowledges support from the Ministry of Education and Science of Ukraine (№ 0121U113830).

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Influence of financial support of human capital development on economic growth

Cited by 6 publications

References 37 publications

Human Capital Development and Economic Growth: Evidence from Nigeria

Human Capital Development and Economic Growth: Evidence from Nigeria

Comparing the resilience of Sharia and conventional banking to the financial crisis in the Association of Southeast Asian Nations

Filling a financial gap in SDG3 achievement: Investments vs. budget funds

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