Human capital, social capabilities and economic growth

Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and positi...
Ausführliche Beschreibung

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Autor*in:	Ali, Muhammad [verfasserIn] Egbetokun, Abiodun Adeyemi - 1978- [verfasserIn] Memon, Manzoor Hussain [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	March 2018

Übergeordnetes Werk:	Enthalten in: Economies - Basel : MDPI, 2013, 6(2018), 1 vom: März, Seite 1-18
Übergeordnetes Werk:	volume:6 ; year:2018 ; number:1 ; month:03 ; pages:1-18

Links:	Volltext Volltext Link aufrufen Terms of use

DOI / URN:	10.3390/economies6010002

Katalog-ID:	1011143046

Internformat


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allfields	10.3390/economies6010002 doi 10419/197055 hdl (DE-627)1011143046 (DE-599)GBV1011143046 DE-627 ger DE-627 rda eng O15 O4 jelc Ali, Muhammad verfasserin aut Human capital, social capabilities and economic growth Muhammad Ali, Abiodun Egbetokun and Manzoor Hussain Memon March 2018 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and positively associated with economic growth. Using data for 132 countries over 15 years, the empirical results reveal that human capital plays a positive role in per capita GDP growth only in the presence of better economic opportunities and high-quality legal institutions. In fact, economic opportunities reinforce the effect of human capital on growth: the easier it is to do business and trade domestically or internationally, the stronger the effect of human capital on growth. In conclusion, the findings suggest that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias as these studies do not include variables related to social capabilities. Egbetokun, Abiodun Adeyemi 1978- verfasserin (DE-588)1048169006 (DE-627)77989202X (DE-576)40197135X aut Memon, Manzoor Hussain verfasserin aut Enthalten in Economies Basel : MDPI, 2013 6(2018), 1 vom: März, Seite 1-18 Online-Ressource (DE-627)737287551 (DE-600)2704214-5 (DE-576)379466600 2227-7099 nnns volume:6 year:2018 number:1 month:03 pages:1-18 http://doi.org/10.3390/economies6010002 Resolving-System kostenfrei Volltext http://www.mdpi.com/2227-7099/6/1/2/pdf Verlag kostenfrei Volltext http://hdl.handle.net/10419/197055 Resolving-System kostenfrei https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use 46 GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 zbwolc20180321 AR 6 2018 1 3 1-18 26 01 0206 1742238416 x1k 18-01-18 26 00 DE-206 56 human capital 26 00 DE-206 56 economic growth 26 00 DE-206 56 economic opportunities 26 00 DE-206 56 social capabilities
spelling	10.3390/economies6010002 doi 10419/197055 hdl (DE-627)1011143046 (DE-599)GBV1011143046 DE-627 ger DE-627 rda eng O15 O4 jelc Ali, Muhammad verfasserin aut Human capital, social capabilities and economic growth Muhammad Ali, Abiodun Egbetokun and Manzoor Hussain Memon March 2018 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and positively associated with economic growth. Using data for 132 countries over 15 years, the empirical results reveal that human capital plays a positive role in per capita GDP growth only in the presence of better economic opportunities and high-quality legal institutions. In fact, economic opportunities reinforce the effect of human capital on growth: the easier it is to do business and trade domestically or internationally, the stronger the effect of human capital on growth. In conclusion, the findings suggest that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias as these studies do not include variables related to social capabilities. Egbetokun, Abiodun Adeyemi 1978- verfasserin (DE-588)1048169006 (DE-627)77989202X (DE-576)40197135X aut Memon, Manzoor Hussain verfasserin aut Enthalten in Economies Basel : MDPI, 2013 6(2018), 1 vom: März, Seite 1-18 Online-Ressource (DE-627)737287551 (DE-600)2704214-5 (DE-576)379466600 2227-7099 nnns volume:6 year:2018 number:1 month:03 pages:1-18 http://doi.org/10.3390/economies6010002 Resolving-System kostenfrei Volltext http://www.mdpi.com/2227-7099/6/1/2/pdf Verlag kostenfrei Volltext http://hdl.handle.net/10419/197055 Resolving-System kostenfrei https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use 46 GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 zbwolc20180321 AR 6 2018 1 3 1-18 26 01 0206 1742238416 x1k 18-01-18 26 00 DE-206 56 human capital 26 00 DE-206 56 economic growth 26 00 DE-206 56 economic opportunities 26 00 DE-206 56 social capabilities
allfields_unstemmed	10.3390/economies6010002 doi 10419/197055 hdl (DE-627)1011143046 (DE-599)GBV1011143046 DE-627 ger DE-627 rda eng O15 O4 jelc Ali, Muhammad verfasserin aut Human capital, social capabilities and economic growth Muhammad Ali, Abiodun Egbetokun and Manzoor Hussain Memon March 2018 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and positively associated with economic growth. Using data for 132 countries over 15 years, the empirical results reveal that human capital plays a positive role in per capita GDP growth only in the presence of better economic opportunities and high-quality legal institutions. In fact, economic opportunities reinforce the effect of human capital on growth: the easier it is to do business and trade domestically or internationally, the stronger the effect of human capital on growth. In conclusion, the findings suggest that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias as these studies do not include variables related to social capabilities. Egbetokun, Abiodun Adeyemi 1978- verfasserin (DE-588)1048169006 (DE-627)77989202X (DE-576)40197135X aut Memon, Manzoor Hussain verfasserin aut Enthalten in Economies Basel : MDPI, 2013 6(2018), 1 vom: März, Seite 1-18 Online-Ressource (DE-627)737287551 (DE-600)2704214-5 (DE-576)379466600 2227-7099 nnns volume:6 year:2018 number:1 month:03 pages:1-18 http://doi.org/10.3390/economies6010002 Resolving-System kostenfrei Volltext http://www.mdpi.com/2227-7099/6/1/2/pdf Verlag kostenfrei Volltext http://hdl.handle.net/10419/197055 Resolving-System kostenfrei https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use 46 GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 zbwolc20180321 AR 6 2018 1 3 1-18 26 01 0206 1742238416 x1k 18-01-18 26 00 DE-206 56 human capital 26 00 DE-206 56 economic growth 26 00 DE-206 56 economic opportunities 26 00 DE-206 56 social capabilities
allfieldsGer	10.3390/economies6010002 doi 10419/197055 hdl (DE-627)1011143046 (DE-599)GBV1011143046 DE-627 ger DE-627 rda eng O15 O4 jelc Ali, Muhammad verfasserin aut Human capital, social capabilities and economic growth Muhammad Ali, Abiodun Egbetokun and Manzoor Hussain Memon March 2018 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and positively associated with economic growth. Using data for 132 countries over 15 years, the empirical results reveal that human capital plays a positive role in per capita GDP growth only in the presence of better economic opportunities and high-quality legal institutions. In fact, economic opportunities reinforce the effect of human capital on growth: the easier it is to do business and trade domestically or internationally, the stronger the effect of human capital on growth. In conclusion, the findings suggest that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias as these studies do not include variables related to social capabilities. Egbetokun, Abiodun Adeyemi 1978- verfasserin (DE-588)1048169006 (DE-627)77989202X (DE-576)40197135X aut Memon, Manzoor Hussain verfasserin aut Enthalten in Economies Basel : MDPI, 2013 6(2018), 1 vom: März, Seite 1-18 Online-Ressource (DE-627)737287551 (DE-600)2704214-5 (DE-576)379466600 2227-7099 nnns volume:6 year:2018 number:1 month:03 pages:1-18 http://doi.org/10.3390/economies6010002 Resolving-System kostenfrei Volltext http://www.mdpi.com/2227-7099/6/1/2/pdf Verlag kostenfrei Volltext http://hdl.handle.net/10419/197055 Resolving-System kostenfrei https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use 46 GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 zbwolc20180321 AR 6 2018 1 3 1-18 26 01 0206 1742238416 x1k 18-01-18 26 00 DE-206 56 human capital 26 00 DE-206 56 economic growth 26 00 DE-206 56 economic opportunities 26 00 DE-206 56 social capabilities
allfieldsSound	10.3390/economies6010002 doi 10419/197055 hdl (DE-627)1011143046 (DE-599)GBV1011143046 DE-627 ger DE-627 rda eng O15 O4 jelc Ali, Muhammad verfasserin aut Human capital, social capabilities and economic growth Muhammad Ali, Abiodun Egbetokun and Manzoor Hussain Memon March 2018 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and positively associated with economic growth. Using data for 132 countries over 15 years, the empirical results reveal that human capital plays a positive role in per capita GDP growth only in the presence of better economic opportunities and high-quality legal institutions. In fact, economic opportunities reinforce the effect of human capital on growth: the easier it is to do business and trade domestically or internationally, the stronger the effect of human capital on growth. In conclusion, the findings suggest that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias as these studies do not include variables related to social capabilities. Egbetokun, Abiodun Adeyemi 1978- verfasserin (DE-588)1048169006 (DE-627)77989202X (DE-576)40197135X aut Memon, Manzoor Hussain verfasserin aut Enthalten in Economies Basel : MDPI, 2013 6(2018), 1 vom: März, Seite 1-18 Online-Ressource (DE-627)737287551 (DE-600)2704214-5 (DE-576)379466600 2227-7099 nnns volume:6 year:2018 number:1 month:03 pages:1-18 http://doi.org/10.3390/economies6010002 Resolving-System kostenfrei Volltext http://www.mdpi.com/2227-7099/6/1/2/pdf Verlag kostenfrei Volltext http://hdl.handle.net/10419/197055 Resolving-System kostenfrei https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use 46 GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 zbwolc20180321 AR 6 2018 1 3 1-18 26 01 0206 1742238416 x1k 18-01-18 26 00 DE-206 56 human capital 26 00 DE-206 56 economic growth 26 00 DE-206 56 economic opportunities 26 00 DE-206 56 social capabilities
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topic_title	O15 O4 jelc 26 00 DE-206 56 human capital 26 00 DE-206 56 economic growth 26 00 DE-206 56 economic opportunities 26 00 DE-206 56 social capabilities Human capital, social capabilities and economic growth Muhammad Ali, Abiodun Egbetokun and Manzoor Hussain Memon
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title_full	Human capital, social capabilities and economic growth Muhammad Ali, Abiodun Egbetokun and Manzoor Hussain Memon
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title_auth	Human capital, social capabilities and economic growth
abstract	Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and positively associated with economic growth. Using data for 132 countries over 15 years, the empirical results reveal that human capital plays a positive role in per capita GDP growth only in the presence of better economic opportunities and high-quality legal institutions. In fact, economic opportunities reinforce the effect of human capital on growth: the easier it is to do business and trade domestically or internationally, the stronger the effect of human capital on growth. In conclusion, the findings suggest that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias as these studies do not include variables related to social capabilities.
abstractGer	Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and positively associated with economic growth. Using data for 132 countries over 15 years, the empirical results reveal that human capital plays a positive role in per capita GDP growth only in the presence of better economic opportunities and high-quality legal institutions. In fact, economic opportunities reinforce the effect of human capital on growth: the easier it is to do business and trade domestically or internationally, the stronger the effect of human capital on growth. In conclusion, the findings suggest that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias as these studies do not include variables related to social capabilities.
abstract_unstemmed	Theoretically, human capital is conclusively believed to be positively related with economic growth. While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and positively associated with economic growth. Using data for 132 countries over 15 years, the empirical results reveal that human capital plays a positive role in per capita GDP growth only in the presence of better economic opportunities and high-quality legal institutions. In fact, economic opportunities reinforce the effect of human capital on growth: the easier it is to do business and trade domestically or internationally, the stronger the effect of human capital on growth. In conclusion, the findings suggest that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias as these studies do not include variables related to social capabilities.
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title_short	Human capital, social capabilities and economic growth
url	http://doi.org/10.3390/economies6010002 http://www.mdpi.com/2227-7099/6/1/2/pdf http://hdl.handle.net/10419/197055 https://creativecommons.org/licenses/by/4.0/
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While empirically, the said relationship does not always hold for several reasons. Thus, the current paper presents new results on a set of conditions under which human capital is robustly and positively associated with economic growth. Using data for 132 countries over 15 years, the empirical results reveal that human capital plays a positive role in per capita GDP growth only in the presence of better economic opportunities and high-quality legal institutions. In fact, economic opportunities reinforce the effect of human capital on growth: the easier it is to do business and trade domestically or internationally, the stronger the effect of human capital on growth. 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Human capital, social capabilities and economic growth

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