Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model

Volume: 7 Number: 4 December 1, 2017
  • Abla A.h. Bokhari
International Journal of Economics and Financial Issues Cover
International Journal of Economics and Financial Issues
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Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model

Abstract

To examine the relationship between investment in human capital and economic growth in the Kingdom of Saudi Arabia for the period 1970-2014. Quantitative research design has been implemented. Granger Causality approach has been employed, followed by error correction model. The data stationarity and integration order have been tested, using the Augmented Dickey-Fuller. Any long-run or short-run causality was not observed between expenditure on education and economic growth (per capita GDP). 73.6% variation has been indicated by fixed capital formation of GNP, which is considered as an effective aspect. The results indicated that results are statistically significant with p-value (0.000) at 5% level of significance. Investment in human capital, with the right policy assessments and rehabilitation, can be translated into an essential element of growth in the Saudi economy.

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Primary Language

English

Subjects

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Journal Section

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Authors

Abla A.h. Bokhari This is me

Publication Date

December 1, 2017

Submission Date

December 1, 2017

Acceptance Date

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Published in Issue

Year 2017 Volume: 7 Number: 4

IZ

https://izlik.org/JA52PF87NU

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RIS / Bibtex
APA
Bokhari, A. A. (2017). Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model. International Journal of Economics and Financial Issues, 7(4), 104-112. https://izlik.org/JA52PF87NU
AMA
1.Bokhari AA. Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model. IJEFI. 2017;7(4):104-112. https://izlik.org/JA52PF87NU
Chicago
Bokhari, Abla A.h. 2017. “Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model”. International Journal of Economics and Financial Issues 7 (4): 104-12. https://izlik.org/JA52PF87NU.
EndNote
Bokhari AA (December 1, 2017) Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model. International Journal of Economics and Financial Issues 7 4 104–112.
IEEE
[1]A. A. Bokhari, “Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model”, IJEFI, vol. 7, no. 4, pp. 104–112, Dec. 2017, [Online]. Available: https://izlik.org/JA52PF87NU
ISNAD
Bokhari, Abla A.h. “Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model”. International Journal of Economics and Financial Issues 7/4 (December 1, 2017): 104-112. https://izlik.org/JA52PF87NU.
JAMA
1.Bokhari AA. Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model. IJEFI. 2017;7:104–112.
MLA
Bokhari, Abla A.h. “Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model”. International Journal of Economics and Financial Issues, vol. 7, no. 4, Dec. 2017, pp. 104-12, https://izlik.org/JA52PF87NU.
Vancouver
1.Abla A.h. Bokhari. Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model. IJEFI [Internet]. 2017 Dec. 1;7(4):104-12. Available from: https://izlik.org/JA52PF87NU