TY  - JOUR
TT  - Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model
AU  - Bokhari, Abla A.h.
PY  - 2017
DA  - December
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 104
EP  - 112
VL  - 7
IS  - 4
KW  - Economic Growth
KW  - Human Capital
KW  - Error Correction model
N2  - 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.
UR  - https://dergipark.org.tr/tr/pub/ijefi/article/353521
L1  - https://dergipark.org.tr/tr/download/article-file/364547
ER  -