Research Article
BibTex RIS Cite
Year 2017, Volume: 4 Issue: 2, 209 - 216, 30.06.2017
https://doi.org/10.17261/Pressacademia.2017.451

Abstract

References

  • Angel de la F. & Doménech, R. (2006), ‘‘Human Capital in Growth Regressions: How Much Difference Does Data Quality Make?’’, Journal of the European Economic Association, 4(1), 1-36.
  • Arrow. K. J. (1962), ‘‘The Economic Implications of Learning by Doing’’, The Review of Economic Studies, 29, 155-123, doi: 10.2307/2295952.
  • Banerjee, R., & Roy, S. S. (2014), ‘‘ Human Capital, Technological Progress and Trade: What Explains India's Long Run Growth?’’, Journal of Asian Economics, 30, 15-31.
  • Barro, R. J. (1992), ‘‘Human Capital and Economic Growth’’, Proceedings, Federal Reserve Bank of Kansas City, 199-230.
  • Barro, R. J. (1998), ‘‘Human Capital and Growth in Cross-Country Regressions’’, http://www.sofofa.cl/eventos/2002/enero-junio/barro7.5.B.pdf
  • Barro, R. J. (1999), ‘‘Inequality, Growth, and Investment’’, Working Paper No: 7038, http://www.nber.org/papers/w7038.pdf
  • Becker, G. S., Murphy, K. M., & Tamura, R. (1990), ‘‘Human Capital, Fertility, and Economic Growth’’, Journal of Political Economy, 98(5): 12-37.
  • Benhabib, J., & Spiegel, M. M. (2002), ‘‘Human Capital and Technology Diffusion’’, FRBSF Working Paper, 935-966.
  • Bergheim, S. (2005), ‘‘Human Capital is the key to Growth-Success Stories and Policies for 2020’’, http://129.35.230.60/PROD/CIB_INTERNET_EN-PROD/PROD0000000000190080.pdf
  • Čadil, J., Petkovová, L., & Blatná, D. (2014), ‘‘Human Capital, Economic Structure and Growth’’, Procedia Economics and Finance, 12, 85-92.
  • Checchi, D. (2001), Education, inequality and income inequality: Distributional Analysis Research Programme Discussion Paper No: 52.
  • Crespo-Cuaresma, J., Foster, N., & Stehrer, R. (2009), Determinants of Regional Economic Growth by Quantile, Working Papers No: 54, http://www.wiiw.ac.at/the-determinants-of-regional-economic-growth-by-quantile-dlp-1956.pdf
  • Dias, J., & Tebaldi, E. (2012), ‘‘Institutions, Human Capital and Growth: The Institutional Mechanism’’, Structural Change and Economic Dynamics, 23(3), 300-312.
  • Digdowiseiso, K. (2009), Education inequality, economic growth, and income inequality: Evidence from Indonesia, 1996-2005, MPRA Paper no: 17792
  • Ding, S., & Knight, J. (2011), ‘‘Why has China Grown so Fast? The role of Physical and Human Capital Formation. Oxford Bulletin of Economics and Statistics, 73(2), 141-174.
  • Eicher, T. S., & Garcı́a-Peñalosa, C. (2001), ‘‘Inequality and Growth: The Dual Role of Human Capital in Development’’, Journal of Development Economics, 66(1), 173-197.
  • Fedderke, J. W. (2005), ‘‘Technology, Human Capital and Growth’’, Economic Research Southern Africa, Working Paper No: 27
  • Fleisher, B. (2005), ‘‘Regional Inequality and Productivity Growth in China: The Role of Foreign Direct Investment, Infrastructure, and Human Capital, Doctoral dissertation, Ohio State University Columbus.
  • Fleisher, B., Li, H., & Zhao, M. Q. (2010). Human capital, economic growth, and regional inequality in China. Journal of development economics, 92(2), 215-231.
  • Frank, A. G. (1960), ‘‘Human Capital and Economic Growth’’, Economic Development and Cultural Change, 8(2), 170-173.
  • Galor, O., & Tsiddon, D. (1997), ‘‘Technological Progress, Mobility, and Economic Growth’’, The American Economic Review, 87(3): 363-382.
  • Ghulam M., Marian Rizov, & David Kernohan (2017), ‘‘Growth, Human Development, and Trade: The Asian Experience’’, Economic Modelling, 61: 93-101.
  • Jiang, Y., Shi, X., Zhang, S., & Ji, J. (2011), ‘‘The Threshold Effect of High-Level Human Capital Investment on China's Urban-Rural Income Gap’’, China Agricultural Economic Review, 3(3): 297-320.
  • Kar, M. & Ağır, H. (2006), ‘‘The Relationship Between Human Capital and Economic Growth in Turkey: Causality Test by Cointegration Approach, 1926-1994, (in Turkish), Sosyal Ekonomik Araştırmalar Dergisi, 1(11): 50-68.
  • Li, T., & Wang, Y. (2016), ‘‘Growth Channels of Human Capital: A Chinese Panel Data Study’’, China Economic Review, http://www.sciencedirect.com/science/article/pii/S1043951X16301407
  • Lucas Jr, R. E. (1993), ‘‘Making a Miracle. Econometrica’’, Journal of the Econometric Society, 251-272.
  • Lucas, R. E. (1988), ‘‘On the Mechanics of Economic Development’’, Journal of Monetary Economics, 22(1): 3-42.
  • Mahmood, S., & Noor, Z. M. (2014), ‘‘Human Capital and Income Inequality in Developing Countries: New Evidence Using the Gini Coefficient’’, Journal of Entrepreneurship and Business, 2(1), 40-48.
  • Mgadmi, N., & Rachdi, H. (2014), The Impact of Human Capital on Economic Growth: Evidence from Tunisia Using Star and Stecm Models’’, The Economics and Finance Letters, 1(5): 30-38.
  • Mincer, J. (1984), ‘‘Human Capital and Economic Growth’’, Economics of Education Review, 3(3): 195-205.
  • Mincer, J. (1996), ‘‘Economic Development, Growth of Human Capital, and the Dynamics of the Wage Structure’’, Journal of Economic Growth, 1(1): 29-48.
  • Mingyong, L., Shuijun, P., & Qun, B. (2006), ‘‘Technology Spillovers, Absorptive Capacity and Economic Growth’’, China Economic Review, 17(3): 300-320.
  • Nelson, Richard R. and Edmund S. Phelps (1966), “Investment in Humans, Technological Diffusion, and Economic Growth,” American Economic Review, 56, 69-75.
  • Ojha, V. P., Pradhan, B. K., & Ghosh, J. (2013), ‘‘Growth, Inequality and Innovation: A CGE Analysis of India’’, Journal of Policy Modeling, 35(6): 909-927.
  • Pelinescu, E. (2015), ‘‘The Impact Of Human Capital on Economic Growth’2, Procedia Economics and Finance, 22: 184-190.
  • Perotti, R. (1996), ‘‘Growth, Income Redistribution, and Democracy: What the Data Say’’, Journal of Economic Growth, 1: 149-187.
  • Qin, X., Wang, T., & Zhuang, C. C. (2016), ‘‘Intergenerational Transfer of Human Capital and Its Impact on Income Mobility: Evidence from China’’, China Economic Review, 38(2016): 306-321.
  • Rodríguez‐Pose, A., & Tselios, V. (2009), ‘‘Education and Income Inequality in the Regions of the European Union’’, Journal of Regional Science, 49(3): 411-437.
  • Romer, P.M. (1986), “Increasing Returns and Long Run Growth”, Journal of Political Economy, 94 (5): 1002-1037.
  • Romer, P.M. (1990), “Endogenous Technological Change”, Journal of Political Economy, 98 (5), 71-102
  • Shahpari, G., & Davoudi, P. (2014), ‘‘Studying Effects of Human Capital on Income Inequality in Iran’’, Procedia-Social and Behavioral Sciences, 109, 1386-1389.
  • Spagat, M. (2002), ‘‘Human Capital, Growth and Inequality in Transition Economies’’, William Davidson Working Paper Number 499.
  • Su, Y., & Liu, Z. (2016), ‘‘The impact of Foreign Direct Investment and Human Capital on Economic Growth: Evidence from Chinese Cities’’, China Economic Review, 37: 97-109.
  • Teixeira, A. A., & Queirós, A. S. (2016), ‘‘Economic Growth, Human Capital and Structural Change: A Dynamic Panel Data Analysis’’,Research Policy, 45(8): 1636-1648
  • Woźniak, M. G., & Jabłoński, Ł. (2012), ‘‘Social Inequality, Human Capital and Economic Growth in OECD Countries: Synthesis’’, Nierówności Społeczne a Wzrost Gospodarczy/Uniwersytet Rzeszowski, 28, 24-40.
  • Zhang, C. and L. Zhuang (2011), ‘‘The Composition of Human Capital and Economic Growth: Evidence from China Using Dynamic Panel Data Analysis’’, China Economic Review, 22(1): 165–171.

REGIONAL ANALYSIS OF IMPACT OF EMPLOYMENT ON INEQUALITY AND GROWTH IN INFORMATION AND TECHNOLOGY INTENSIVE SECTORS

Year 2017, Volume: 4 Issue: 2, 209 - 216, 30.06.2017
https://doi.org/10.17261/Pressacademia.2017.451

Abstract

Purpose- The aim of this study is to analyse the impact
of qualified labour force in information and technology intensive sectors both
on inequality and growth at the regional level.

Methodology- The impact of employment in the knowledge and
technology intensive sectors on regional growth and regional inequality is
analysed with fixed effect model. Data range is between 2008 and 2015 at level
1 for Turkey

Findings- According to the results of the analysis, technology-oriented
human capital is positively influencing growth. In addition, there is a
positive correlation between public spending and employment rates and growth.
There is no significant relationship between migration, import-export data and
growth. In relation to human capital and inequality, human capital increases
regional inequalities. But public expenditures reduce regional disparities. On
the other hand there is no statistically significant relation between export
and import data and regional inequality.







Conclusion- The results of the study show that qualified
labour force in the information and technology intensive sectors increases both
regional growth and regional inequality.

References

  • Angel de la F. & Doménech, R. (2006), ‘‘Human Capital in Growth Regressions: How Much Difference Does Data Quality Make?’’, Journal of the European Economic Association, 4(1), 1-36.
  • Arrow. K. J. (1962), ‘‘The Economic Implications of Learning by Doing’’, The Review of Economic Studies, 29, 155-123, doi: 10.2307/2295952.
  • Banerjee, R., & Roy, S. S. (2014), ‘‘ Human Capital, Technological Progress and Trade: What Explains India's Long Run Growth?’’, Journal of Asian Economics, 30, 15-31.
  • Barro, R. J. (1992), ‘‘Human Capital and Economic Growth’’, Proceedings, Federal Reserve Bank of Kansas City, 199-230.
  • Barro, R. J. (1998), ‘‘Human Capital and Growth in Cross-Country Regressions’’, http://www.sofofa.cl/eventos/2002/enero-junio/barro7.5.B.pdf
  • Barro, R. J. (1999), ‘‘Inequality, Growth, and Investment’’, Working Paper No: 7038, http://www.nber.org/papers/w7038.pdf
  • Becker, G. S., Murphy, K. M., & Tamura, R. (1990), ‘‘Human Capital, Fertility, and Economic Growth’’, Journal of Political Economy, 98(5): 12-37.
  • Benhabib, J., & Spiegel, M. M. (2002), ‘‘Human Capital and Technology Diffusion’’, FRBSF Working Paper, 935-966.
  • Bergheim, S. (2005), ‘‘Human Capital is the key to Growth-Success Stories and Policies for 2020’’, http://129.35.230.60/PROD/CIB_INTERNET_EN-PROD/PROD0000000000190080.pdf
  • Čadil, J., Petkovová, L., & Blatná, D. (2014), ‘‘Human Capital, Economic Structure and Growth’’, Procedia Economics and Finance, 12, 85-92.
  • Checchi, D. (2001), Education, inequality and income inequality: Distributional Analysis Research Programme Discussion Paper No: 52.
  • Crespo-Cuaresma, J., Foster, N., & Stehrer, R. (2009), Determinants of Regional Economic Growth by Quantile, Working Papers No: 54, http://www.wiiw.ac.at/the-determinants-of-regional-economic-growth-by-quantile-dlp-1956.pdf
  • Dias, J., & Tebaldi, E. (2012), ‘‘Institutions, Human Capital and Growth: The Institutional Mechanism’’, Structural Change and Economic Dynamics, 23(3), 300-312.
  • Digdowiseiso, K. (2009), Education inequality, economic growth, and income inequality: Evidence from Indonesia, 1996-2005, MPRA Paper no: 17792
  • Ding, S., & Knight, J. (2011), ‘‘Why has China Grown so Fast? The role of Physical and Human Capital Formation. Oxford Bulletin of Economics and Statistics, 73(2), 141-174.
  • Eicher, T. S., & Garcı́a-Peñalosa, C. (2001), ‘‘Inequality and Growth: The Dual Role of Human Capital in Development’’, Journal of Development Economics, 66(1), 173-197.
  • Fedderke, J. W. (2005), ‘‘Technology, Human Capital and Growth’’, Economic Research Southern Africa, Working Paper No: 27
  • Fleisher, B. (2005), ‘‘Regional Inequality and Productivity Growth in China: The Role of Foreign Direct Investment, Infrastructure, and Human Capital, Doctoral dissertation, Ohio State University Columbus.
  • Fleisher, B., Li, H., & Zhao, M. Q. (2010). Human capital, economic growth, and regional inequality in China. Journal of development economics, 92(2), 215-231.
  • Frank, A. G. (1960), ‘‘Human Capital and Economic Growth’’, Economic Development and Cultural Change, 8(2), 170-173.
  • Galor, O., & Tsiddon, D. (1997), ‘‘Technological Progress, Mobility, and Economic Growth’’, The American Economic Review, 87(3): 363-382.
  • Ghulam M., Marian Rizov, & David Kernohan (2017), ‘‘Growth, Human Development, and Trade: The Asian Experience’’, Economic Modelling, 61: 93-101.
  • Jiang, Y., Shi, X., Zhang, S., & Ji, J. (2011), ‘‘The Threshold Effect of High-Level Human Capital Investment on China's Urban-Rural Income Gap’’, China Agricultural Economic Review, 3(3): 297-320.
  • Kar, M. & Ağır, H. (2006), ‘‘The Relationship Between Human Capital and Economic Growth in Turkey: Causality Test by Cointegration Approach, 1926-1994, (in Turkish), Sosyal Ekonomik Araştırmalar Dergisi, 1(11): 50-68.
  • Li, T., & Wang, Y. (2016), ‘‘Growth Channels of Human Capital: A Chinese Panel Data Study’’, China Economic Review, http://www.sciencedirect.com/science/article/pii/S1043951X16301407
  • Lucas Jr, R. E. (1993), ‘‘Making a Miracle. Econometrica’’, Journal of the Econometric Society, 251-272.
  • Lucas, R. E. (1988), ‘‘On the Mechanics of Economic Development’’, Journal of Monetary Economics, 22(1): 3-42.
  • Mahmood, S., & Noor, Z. M. (2014), ‘‘Human Capital and Income Inequality in Developing Countries: New Evidence Using the Gini Coefficient’’, Journal of Entrepreneurship and Business, 2(1), 40-48.
  • Mgadmi, N., & Rachdi, H. (2014), The Impact of Human Capital on Economic Growth: Evidence from Tunisia Using Star and Stecm Models’’, The Economics and Finance Letters, 1(5): 30-38.
  • Mincer, J. (1984), ‘‘Human Capital and Economic Growth’’, Economics of Education Review, 3(3): 195-205.
  • Mincer, J. (1996), ‘‘Economic Development, Growth of Human Capital, and the Dynamics of the Wage Structure’’, Journal of Economic Growth, 1(1): 29-48.
  • Mingyong, L., Shuijun, P., & Qun, B. (2006), ‘‘Technology Spillovers, Absorptive Capacity and Economic Growth’’, China Economic Review, 17(3): 300-320.
  • Nelson, Richard R. and Edmund S. Phelps (1966), “Investment in Humans, Technological Diffusion, and Economic Growth,” American Economic Review, 56, 69-75.
  • Ojha, V. P., Pradhan, B. K., & Ghosh, J. (2013), ‘‘Growth, Inequality and Innovation: A CGE Analysis of India’’, Journal of Policy Modeling, 35(6): 909-927.
  • Pelinescu, E. (2015), ‘‘The Impact Of Human Capital on Economic Growth’2, Procedia Economics and Finance, 22: 184-190.
  • Perotti, R. (1996), ‘‘Growth, Income Redistribution, and Democracy: What the Data Say’’, Journal of Economic Growth, 1: 149-187.
  • Qin, X., Wang, T., & Zhuang, C. C. (2016), ‘‘Intergenerational Transfer of Human Capital and Its Impact on Income Mobility: Evidence from China’’, China Economic Review, 38(2016): 306-321.
  • Rodríguez‐Pose, A., & Tselios, V. (2009), ‘‘Education and Income Inequality in the Regions of the European Union’’, Journal of Regional Science, 49(3): 411-437.
  • Romer, P.M. (1986), “Increasing Returns and Long Run Growth”, Journal of Political Economy, 94 (5): 1002-1037.
  • Romer, P.M. (1990), “Endogenous Technological Change”, Journal of Political Economy, 98 (5), 71-102
  • Shahpari, G., & Davoudi, P. (2014), ‘‘Studying Effects of Human Capital on Income Inequality in Iran’’, Procedia-Social and Behavioral Sciences, 109, 1386-1389.
  • Spagat, M. (2002), ‘‘Human Capital, Growth and Inequality in Transition Economies’’, William Davidson Working Paper Number 499.
  • Su, Y., & Liu, Z. (2016), ‘‘The impact of Foreign Direct Investment and Human Capital on Economic Growth: Evidence from Chinese Cities’’, China Economic Review, 37: 97-109.
  • Teixeira, A. A., & Queirós, A. S. (2016), ‘‘Economic Growth, Human Capital and Structural Change: A Dynamic Panel Data Analysis’’,Research Policy, 45(8): 1636-1648
  • Woźniak, M. G., & Jabłoński, Ł. (2012), ‘‘Social Inequality, Human Capital and Economic Growth in OECD Countries: Synthesis’’, Nierówności Społeczne a Wzrost Gospodarczy/Uniwersytet Rzeszowski, 28, 24-40.
  • Zhang, C. and L. Zhuang (2011), ‘‘The Composition of Human Capital and Economic Growth: Evidence from China Using Dynamic Panel Data Analysis’’, China Economic Review, 22(1): 165–171.
There are 46 citations in total.

Details

Journal Section Articles
Authors

Yuksel Bayraktar This is me

Ayfer Ozyılmaz

Metin Toprak

Publication Date June 30, 2017
Published in Issue Year 2017 Volume: 4 Issue: 2

Cite

APA Bayraktar, Y., Ozyılmaz, A., & Toprak, M. (2017). REGIONAL ANALYSIS OF IMPACT OF EMPLOYMENT ON INEQUALITY AND GROWTH IN INFORMATION AND TECHNOLOGY INTENSIVE SECTORS. Journal of Economics Finance and Accounting, 4(2), 209-216. https://doi.org/10.17261/Pressacademia.2017.451

Journal of Economics, Finance and Accounting (JEFA) is a scientific, academic, double blind peer-reviewed, quarterly and open-access online journal. The journal publishes four issues a year. The issuing months are March, June, September and December. The publication languages of the Journal are English and Turkish. JEFA aims to provide a research source for all practitioners, policy makers, professionals and researchers working in the area of economics, finance, accounting and auditing. The editor in chief of JEFA invites all manuscripts that cover theoretical and/or applied researches on topics related to the interest areas of the Journal. JEFA publishes academic research studies only. JEFA charges no submission or publication fee.

Ethics Policy - JEFA applies the standards of Committee on Publication Ethics (COPE). JEFA is committed to the academic community ensuring ethics and quality of manuscripts in publications. Plagiarism is strictly forbidden and the manuscripts found to be plagiarized will not be accepted or if published will be removed from the publication. Authors must certify that their manuscripts are their original work. Plagiarism, duplicate, data fabrication and redundant publications are forbidden. The manuscripts are subject to plagiarism check by iThenticate or similar. All manuscript submissions must provide a similarity report (up to 15% excluding quotes, bibliography, abstract and method).

Open Access - All research articles published in PressAcademia Journals are fully open access; immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited. Open access is a property of individual works, not necessarily journals or publishers. Community standards, rather than copyright law, will continue to provide the mechanism for enforcement of proper attribution and responsible use of the published work, as they do now.