Human Capital Development Dynamics in Africa: Evidence from Panel Cointegration and Causality in 33 Countries, 2000-2013

Mohammed Shuaibu and Oladayo Popoola

Applied Econometrics and International Development, 2016, vol. 16, issue 1

Abstract: This paper investigates the determinants of human capital development in 33 African countries over the period 2000 to 2013. Results of panel unit root shows that all the variables are integrated of order one while the co integration tests showed that human capital development and its determinants have a stable long-run equilibrium relationship. Specifically, all the variables significantly influence human capital development in the long run whereas the contemporaneous models suggest that only institutions matter. Through the use of alternative estimators as well as estimation of subsamples, our robustness tests reinforce our findings. Therefore, African governments may sustain human capital development through sustained education and health expenditures. At the same time, short-term gains may be attained with enhanced institutional quality as well as infrastructural development.

Keywords: Human Capital; Africa; Health; Education; Panel Data Analysis (search for similar items in EconPapers)
JEL-codes: F63 J24 O15 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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