Research Article

The Effect of Education and Health as Fundamentals of Human Capital on Global Competition: A Panel Data Analysis on OECD Countries

Volume: 18 Number: 3 December 1, 2023
TR EN

The Effect of Education and Health as Fundamentals of Human Capital on Global Competition: A Panel Data Analysis on OECD Countries

Abstract

The aim of the current study is to analyze the effect of education and health as the main elements of human capital on global competition in Organization for Economic Co-operation and Development (OECD) countries using the Granger Panel Causality Test. Accordingly, in the application part of the study, with the data obtained from the World Economic Forum (WEF), the World Bank (WB), the United Nations Educational, Scientific and Cultural Organization (UNESCO) and the World Health Organization (WHO) databases, a panel data set was established for 18 OECD countries for which healthy data could be reached for the period of 2004-2018. As a result of the analysis, a causality relationship was determined between each variable representing education and health as the basic elements of human capital and the global competition for short term. When the results of the Westerlund (2007) panel cointegration test were examined, it was seen that there is a long-term relationship between the Global Competitiveness Index (gci) variable and all the other variables except for variables h1 and h2.

Keywords

References

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Details

Primary Language

English

Subjects

Panel Data Analysis

Journal Section

Research Article

Publication Date

December 1, 2023

Submission Date

April 6, 2023

Acceptance Date

July 6, 2023

Published in Issue

Year 2023 Volume: 18 Number: 3

APA
Sain, K., & Bozkurt, K. (2023). The Effect of Education and Health as Fundamentals of Human Capital on Global Competition: A Panel Data Analysis on OECD Countries. Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 18(3), 766-791. https://doi.org/10.17153/oguiibf.1278550
AMA
1.Sain K, Bozkurt K. The Effect of Education and Health as Fundamentals of Human Capital on Global Competition: A Panel Data Analysis on OECD Countries. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2023;18(3):766-791. doi:10.17153/oguiibf.1278550
Chicago
Sain, Kadir, and Kurtuluş Bozkurt. 2023. “The Effect of Education and Health As Fundamentals of Human Capital on Global Competition: A Panel Data Analysis on OECD Countries”. Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi 18 (3): 766-91. https://doi.org/10.17153/oguiibf.1278550.
EndNote
Sain K, Bozkurt K (December 1, 2023) The Effect of Education and Health as Fundamentals of Human Capital on Global Competition: A Panel Data Analysis on OECD Countries. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi 18 3 766–791.
IEEE
[1]K. Sain and K. Bozkurt, “The Effect of Education and Health as Fundamentals of Human Capital on Global Competition: A Panel Data Analysis on OECD Countries”, Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, vol. 18, no. 3, pp. 766–791, Dec. 2023, doi: 10.17153/oguiibf.1278550.
ISNAD
Sain, Kadir - Bozkurt, Kurtuluş. “The Effect of Education and Health As Fundamentals of Human Capital on Global Competition: A Panel Data Analysis on OECD Countries”. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi 18/3 (December 1, 2023): 766-791. https://doi.org/10.17153/oguiibf.1278550.
JAMA
1.Sain K, Bozkurt K. The Effect of Education and Health as Fundamentals of Human Capital on Global Competition: A Panel Data Analysis on OECD Countries. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2023;18:766–791.
MLA
Sain, Kadir, and Kurtuluş Bozkurt. “The Effect of Education and Health As Fundamentals of Human Capital on Global Competition: A Panel Data Analysis on OECD Countries”. Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi, vol. 18, no. 3, Dec. 2023, pp. 766-91, doi:10.17153/oguiibf.1278550.
Vancouver
1.Kadir Sain, Kurtuluş Bozkurt. The Effect of Education and Health as Fundamentals of Human Capital on Global Competition: A Panel Data Analysis on OECD Countries. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2023 Dec. 1;18(3):766-91. doi:10.17153/oguiibf.1278550