Perspective Chapter: The Impact of Human Capital Investment on Economic Growth - Arab Countries Evidence from 2001 to 2021

Dr. Nemer Badwan

A chapter in Resilience and Realities - Exploring Pandemic Effects, Governance Challenges, and Economic Insights from IntechOpen

Abstract: The study aimed to measure the impact of investment in human capital on economic growth in a group of Arab countries during the period (2001 to 2021) using static panel models. We used a set of independent variables to express the investment variable in human capital for Arab countries represented in the enrollment ratio in the primary stage, secondary school enrollment ratio, higher education enrollment ratio, life expectancy rate, and education expenditure. Also, we used per capita GDP as a variable representing economic growth. The study found a set of results, the most important of which is the absence of the impact of the enrollment rate in primary and secondary education on the per capita share of GDP. The study also found the presence of a significant and negative impact of the enrollment rate in higher education on the per capita share of GDP and in addition to a positive morale effect on spending on employment and education, life expectancy on per capita GDP.

Keywords: investment; human capital; economic growth; Arab countries; education; static panel models (search for similar items in EconPapers)
JEL-codes: O40 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:279120

DOI: 10.5772/intechopen.107100

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