Human Capital Formation and Economic Growth in Emerging Asia: Empirical Evidence Using Panel Data

Autor:	Muhammad Atiq-ur Rehman, Suleman Ghaffar, Rabail Ghazanfar, Kanwal Shahzadi
Rok vydání:	2020
Předmět:	Estimation Government Endogenous growth theory Physical capital Development economics Economics General Medicine Empirical evidence China Human capital Panel data
Zdroj:	Review of Applied Management and Social Sciences. 3:205-212
ISSN:	2708-3640 2708-2024
Popis:	After the emergence of endogenous growth theory, the role of human capital along with physical capital is considered to be imperative in promoting economic growth. The government social sector spending, mainly on education and health, contributes in forming human capital and promotes economic growth. This study examines the impact of health and education provisions on economic growth of emerging Asian economies, including Bangladesh, China, India, Indonesia, Malaysia, Pakistan, Philippine, and Thailand. Using the data set for 1995-2018, the fixed effects (FE) and the random effect (RE) methods of panel data estimation are employed. Both methods reveal that the health and education support the human capital formation and stimulate economic growth.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::c028bf85066eb27b89d84e67779eef44 https://doi.org/10.47067/ramss.v3i2.54 Zobrazit plný text záznamu