International Conference on Eurasian Economies
1-3 July 2014 – Skopje, MACEDONIA
Paper detail
Paper ID : 923
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Mr. Ediz Kandır
Session : 3D Büyüme
The Relationship between Human Capital and Economic Growth: Cases of BRICS Countries and Turkey
Beşeri Sermaye ve Ekonomik Büyüme İlişkisi: BRICS Ülkeleri ve Türkiye Örneği
- Prof. Dr. Harun Bal (Çukurova University, Türkiye)
- Prof. Dr. Neşe Algan (Çukurova University, Türkiye)
- Asst. Prof. Dr. Müge Manga (Erzincan Binali Yıldırım University, Türkiye)
- Mr. Ediz Kandır (Çukurova University, Türkiye)
Abstract
Endogenous growth theories have implied that human capital is an important factor that determines economic growth. This implication has revealed the need for policies that involving human capital as well as classical production factors. This means, physical capital is not enough alone for economic growth. This study aims to analyze the causality between human capital and economic growth in Turkey and BRICS countries. To this aim, by using Panel Data Analysis, which is an important econometric technique, the degree of the relationship between growth and human capital, in the long run, between the years 1995-2011 is analyzed. As a consequence of the analysis we expect to conclusion that there’s a positive and the high correlation relationship between human capital and economic growth. In our analysis, we obtained the result that, there’s a long-run relationship between human capital and economics growth in BRICS countries and Turkey. In this context, we came to the conclusion that human capital is an important factor that stimulate economic growth.
JEL codes: B41, J24
Bal, Harun, Algan, Neşe, Manga, Müge, Kandır, Ediz (2014). "The Relationship between Human Capital and Economic Growth: Cases of BRICS Countries and Turkey" in Proceedings of International Conference of Eurasian Economies 2014, pp.795-803, Skopje, MACEDONIA.
DOI: https://doi.org/10.36880/C05.00923
