Human capital contribution to economic growth in Sub-Saharan Africa: Does health status matter more than education?

Kolawole Ogundari () and Titus Awokuse

Economic Analysis and Policy, 2018, vol. 58, issue C, 131-140

Abstract: This paper revisits the debate on the possible impact of human capital on economic growth in Sub-Saharan Africa (SSA) and considers two alternative measures of human capital: health and education. The study employs a dynamic model based on the system generalized method of moments (SGMM) and analysed a balanced panel data covering 35 countries from 1980–2008. The empirical results show that the two measures of human capital have positive effects on economic growth, although the contribution of health is relatively larger than the impact of education. This finding emphasizes the importance of both measures of human capital and aligns with the argument in the literature that neither education nor health is a perfect substitute for the other as a measure of human capital.

Keywords: Human capital; Education; Health; Economic growth; Sub-Saharan Africa (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (85)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:58:y:2018:i:c:p:131-140

DOI: 10.1016/j.eap.2018.02.001

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