The Effect of Human Capital on Economic Growth: A Panel Data Analysis

Year 2016, Volume: 14 Issue: 27, 539 - 555, 01.06.2016

Sedat Alataş Mesut Çakır

Abstract

Bu çalışmada beşeri sermaye ile ekonomik büyüme arasındaki ampirik
ilişki 65 ülke için 1967-2011 dönemini kapsayacak şekilde analiz
edilmiştir. Bu amaçla, ekonomi literatüründe beşeri sermayenin ana
belirleyicileri olarak gösterilen eğitim (beşeri sermaye endeksi) ve sağlık
(yetişkinlerde ölüm oranı) modele ayrı ayrı dâhil edilmiş, ekonomik
büyümenin göstergesi olarak ise kişi başına GSYH kullanılmıştır. Bu
bağlamda, ilk olarak, 65 ülke 2011 yılı kişi başına GSYH (2005 sabit
fiyatlarla Amerikan Doları) değerleri ile 3 gruba ayrılmıştır. Ardından,
bütün kümeler ayrı ayrı panel veri yöntemi ile analiz edilmiştir.
Eğitim ve sağlık değişkenleri için elde edilen katsayılar beşeri sermaye-
nin ekonomik büyüme üzerindeki etkisinin gelişmekte olan ülkeler için
pozitif ve istatistiki olarak anlamlı olduğunu göstermiştir

Keywords

Ekonomik Büyüme, Beşeri Sermaye, Panel Veri Analizi

The Effect of Human Capital on Economic Growth: A Panel Data Analysis

Abstract

We examine the empirical relationship between human capital and economic growth in a panel of 65 countries covering 1967 through 2011. For this purpose, index of human capital per person based on years of schooling and returns to education and mortality rate infant (per 1,000 live births) which are regarded as main components of human capital in economic literature and GDP per capita (constant 2005 US$) as a proxy for economic growth have been utilized. In this context, firstly, countries are classified by using K-means clustering procedure. Then, all clusters are analyzed by panel data analysis. Estimate for the coefficient education and health shows that the effect of human capital on economic growth is positive and statistically significant in developing countries

Keywords

Economic Growth, Human Capital, Panel Data Analysis

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