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2
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83
İndirme
19
We examine the empirical relationship between human capital and economic growth in a panel of 65 countries covering 1967 through 2011. For this purpose, index of human capital per person based on years of schooling and returns to education and mortality rate infant (per 1,000 live births) which are regarded as main components of human capital in economic literature and GDP per capita (constant 2005 US$) as a proxy for economic growth have been utilized. In this context, firstly, countries are classified by using K-means clustering procedure. Then, all clusters are analyzed by panel data analysis. Estimate for the coefficient education and health shows that the effect of human capital on economic growth is positive and statistically significant in developing countries
Alan : Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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