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

Cilt: 7 Sayı: 4 1 Aralık 2017
  • Abla A.h. Bokhari
International Journal of Economics and Financial Issues Kapak
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.

Keywords

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Abla A.h. Bokhari Bu kişi benim

Yayımlanma Tarihi

1 Aralık 2017

Gönderilme Tarihi

1 Aralık 2017

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2017 Cilt: 7 Sayı: 4

IZ

https://izlik.org/JA52PF87NU

Kaynak Göster

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 (01 Aralık 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, c. 7, sy 4, ss. 104–112, Ara. 2017, [çevrimiçi]. Erişim adresi: 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 (01 Aralık 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, c. 7, sy 4, Aralık 2017, ss. 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]. 01 Aralık 2017;7(4):104-12. Erişim adresi: https://izlik.org/JA52PF87NU