2020
DOI: 10.1007/s11135-020-00989-5
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The hotly debate of human capital and economic growth: why institutions may matter?

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Cited by 24 publications
(20 citation statements)
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“…If there exists strong interpersonal trust, we should find a statistically significant relationship between interpersonal trust and political stability. It is already established in the literature that political stability and rule of law may encourage economic growth (Aslam, 2020;Aslam & Farooq, 2019;Aslam, Naveed & Farooq, 2021;Aslam & Shabbir, 2019;Aslam & Zulfiqar, 2016;Qamar, Ashraf, Ghouse & Aslam, 2020). We now develop a model to explain how interpersonal trust can be affected from rule of law and order and political stability, thus higher economic growth.…”
Section: Resultsmentioning
confidence: 99%
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“…If there exists strong interpersonal trust, we should find a statistically significant relationship between interpersonal trust and political stability. It is already established in the literature that political stability and rule of law may encourage economic growth (Aslam, 2020;Aslam & Farooq, 2019;Aslam, Naveed & Farooq, 2021;Aslam & Shabbir, 2019;Aslam & Zulfiqar, 2016;Qamar, Ashraf, Ghouse & Aslam, 2020). We now develop a model to explain how interpersonal trust can be affected from rule of law and order and political stability, thus higher economic growth.…”
Section: Resultsmentioning
confidence: 99%
“…Ian interpersonal trust might also transmit through human capital and cultural transmission (Coleman, 1988). Whereas, human capital is one of the major elements towards the higher economic growth of a country (Aslam, 2020). The sharp decline in not only interpersonal trust relationships but also authorities in serving to underline that interpersonal trust is an essential element, yet often unheeded, an ingredient in successful policy implementation (Simpson, 2007).…”
Section: Literature Reviewmentioning
confidence: 99%
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“…Conversely, countries can be segmented into different categories, where each category has a unique economic growth process because of the effect of the level of governance. Some studies provide empirical evidence of the impact of corruption on one country's productivity and human capital growth, demonstrating that corruption variables exert a significant impact on the model and could lead to a decline in economic efficiency, investment willingness, the efficacy of government expenditures and human capital productivity (Aslam, 2020). Moreover, the decline in investment willingness could create a shortage of effective demand for qualified labor, rendering highly skilled workers either engaging in low-skilled jobs or being forced to emigrate.…”
Section: Research Hypothesismentioning
confidence: 99%
“…The risk of deep unemployment is leading to an emergency that exacerbates poverty and inequality to alarming levels. Economic downturns in developing and underdeveloped nations have a direct bearing on weak institutional structures in the face of already high levels of poverty, unemployment and under-employment (Williamson., 1998;Aghion et al, 2004;Tabellini., 2008;Siddiqui and Ahmed., 2013;Aslam and Farooq., 2019;Aslam., 2020). People in developing and underdeveloped countries are raising their concerns and demands: the right to earn, eat and have a respectful life, which is threatened by high levels of poverty and little new job creation (Reutlinger., 1984;Chowdhury., 2000;Fortman., 2006;Fujiwara., 2006;Ismael., 2006;Shah and Das., 2007;Tiwari., 2007;Nunan and Devas., 2014).…”
Section: Introductionmentioning
confidence: 99%