Human Capital, Trade and Economic Growth: A Comparative Study of OIC Countries

Irum Saba and Kausar Abbas
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Irum Saba: International Centre for Education in Islamic Finance (INCEIF), Wilayah Persekutuan Kuala Lumpur, Malaysia.
Kausar Abbas: Institute of Islamic Banking (IIB), University of Management and Technology, Lahore, Pakistan.

International Journal of Economics and Empirical Research (IJEER), 2016, vol. 4, issue 7, 348-354

Abstract: Purpose: Trade, human capital and economic growth are strongly inter-related. Economic growth heavily depends on the international trade and good quality human capital. Adam Smith in 1776 explained the important connection between trade, human capital and economic growth. This paper summarizes the important literature related to the trade, human capital and economic growth. Methodology: This paper focused on the comparative analysis of the 12 OIC countries in terms of literacy, trade and economic growth. Findings: Findings of this paper disclosed that the countries having skilled human capital are better as compared to the countries having less skilled human capital. Recommendations: Further deep investigations on the relation of human capital and trade are encouraged particularly in OIC countries context.

Keywords: Trade; OIC; Human Capital (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2016
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