Human Capital and Economic Growth in Egypt: Evidence from Error-Correction Models

Tarek Ghalwash

Journal of Empirical Economics, 2015, vol. 4, issue 1, 1-10

Abstract: This paper examines the impact of human capital on economic growth in Egypt using time-series data for the period 1985-2010. Panel integration and co-integration techniques are employed. In addition, the analysis employs a Granger-causality test within an error-correction framework. The results show the existence of short run and long run co-integration relationships among variables (human capital and physical capital) in the growth model. Using vector error correction model, the paper shows that human capital has insignificant negative impact on economic growth in Egypt. Moreover, the result from the Granger causality test shows that there is no causality running from human capital to economic growth and vice versa.

Keywords: Human Capital Investment; Co-integration; Economic Growth (search for similar items in EconPapers)
Date: 2015
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