Human Capital, Social Capabilities and Economic Growth

Muhammad Ali, Abiodun Egbetokun and Manzoor Memon

No 2016-013, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: In this paper we show that inconclusive results in previous empirical studies on human capital and growth might be due to omitted variable bias. Using data for about 130 countries, we show that after inclusion of variables related to the social capabilities concept of Abramovitz (1986) i.e. economic opportunities and quality of legal institutions, the human capital variable turns out to be significant. We also show that economic opportunities significantly moderate the relationship between human capital and growth. The results are robust to different variants of indices for economic opportunities and the quality of legal system.

Keywords: Human Capital; Economic Growth; Economic Opportunities; Social Capabilities (search for similar items in EconPapers)
JEL-codes: O15 O4 (search for similar items in EconPapers)
Date: 2016-07-06
New Economics Papers: this item is included in nep-fdg, nep-ger, nep-gro and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://oweb.b67.uni-jena.de/Papers/jerp2016/wp_2016_013.pdf (application/pdf)

Related works:
Journal Article: Human Capital, Social Capabilities and Economic Growth (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2016-013

Access Statistics for this paper

More papers in Jena Economics Research Papers from Friedrich-Schiller-University Jena
Bibliographic data for series maintained by Markus Pasche ().