Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model

Abla A.h. BOKHARİ

Makale detayları

Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model

Yazarlar:

Abla A.h. BOKHARİ

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 4, pp.104-112

Belge Tipi:

Makale

Yayın Tarihi:

11/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000811387

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

To examine the relationship between investment in human capital and economic growth in the Kingdom of Saudi Arabia for the period 1970-2014. Quantitative research design has been implemented. Granger Causality approach has been employed, followed by error correction model. The data stationarity and integration order have been tested, using the Augmented Dickey-Fuller. Any long-run or short-run causality was not observed between expenditure on education and economic growth (per capita GDP). 73.6% variation has been indicated by fixed capital formation of GNP, which is considered as an effective aspect. The results indicated that results are statistically significant with p-value (0.000) at 5% level of significance. Investment in human capital, with the right policy assessments and rehabilitation, can be translated into an essential element of growth in the Saudi economy.

Makale detayları

Human Capital Investment and Economic Growth in Saudi Arabia: Error Correction Model

Yazarlar: Abla A.h. BOKHARİ

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2017 Vol.7 Issue 4, pp.104-112

Belge Tipi: Makale

Yayın Tarihi: 11/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000811387

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Abla A.h. BOKHARİ

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 4, pp.104-112

Belge Tipi:

Makale

Yayın Tarihi:

11/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000811387

Sıklık:

İki Aylık

eISSN:

2146-4138