Mechanisms of the Influence of Human Capital on Economic Growth: A Panel Data Analysis of the CEMAC Region

Asian Economic and Financial Review

关键词: Human Capital;    Economic Growth;    Education;    Health;    CEMAC region;    Panel Data;   

学科分类：社会科学、人文和艺术（综合）

来源: Asian Economic and Social Society

【 摘 要 】

This paper examines the mechanisms through which human capital influences economic growth in the CEMAC region. The effect of human capital on economic growth was estimated using Two Stage Least Square (2SLS) multiple regression model for the individual countries and the method of Generalized Least Square for the whole sub region. The results show that secondary education improves human capital development. A good health system strengthens/increases the quality of capital. Knowledge acquired on the job increases the productivity of the workers and the accumulated human capital significantly impacts positively on the economic growth of the CEMAC region.

【 授权许可】

CC BY