MECHANISMS OF THE INFLUENCE OF HUMAN CAPITAL ON ECONOMIC GROWTH: A PANEL DATA ANALYSIS OF THE CEMAC REGION

Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 5

Abstract

This paper examines the mechanisms through which human capital influences economic growth in the CEMAC region. The effect of human capital on economic growth was estimated using Two Stage Least Square (2SLS) multiple regression model for the individual countries and the method of Generalized Least Square for the whole sub region. The results show that secondary education improves human capital development. A good health system strengthens/increases the quality of capital. Knowledge acquired on the job increases the productivity of the workers and the accumulated human capital significantly impacts positively on the economic growth of the CEMAC region.

Authors and Affiliations

Ongo Nkoa B. Emmanuel| Department of Economics and Management, Faculty of Social and Management Sciences, University of Buea, Cameroon Member of LARAE, Buea Cameroon, Vukenkeng Andrew Wujung| Department of Economics and Management, Faculty of Social and Management Sciences, University of Buea, Cameroon, Seppo Martin P. Emmanuel| Department of Economics and Management, Faculty of Social and Management Sciences, University of Buea, Cameroon

Keywords

Related Articles

U.S.-SINGAPORE COMMODITY TRADE AND THE J-CURVE

Limited number of studies that investigated the short-run (J-Curve) and long-run effects of currency depreciation on the trade balance of Singapore either used aggregate trade data between Singapore and rest of the world...

FUNDING CRISIS IN HIGHER EDUCATION INSTITUTIONS: RATIONALE FOR CHANGE

An important priority of public policy is to ensure that higher education institutions contribute to economic growth and social progress as a whole, especially in the context of today’s globalised markets and knowledge e...

COST AND PROFIT EFFICIENCY AND MANAGEMENT BEHAVIOUR OF COMMERCIAL BANKS (EVIDENCE FROM TANZANIA)

Using non-parametric technique (the Data Envelopment Analysis - DEA) for data from 1998 to 2011, we investigate the cost and profit efficiency and management behaviour of 25 Tanzanian commercial banks. We examine the inf...

SOCIAL NETWORKING A SOURCE FOR DEVELOPING ENTREPRENEURIAL INTENTIONS AMONG ENTREPRENEURS: A CASE OF MULTAN

The present research aims at measuring how social networking is a source of developing entrepreneurial intentions among entrepreneurs. The study was designed with the intent to find the components of social networking wh...

Market Liquidity Behaviour in Futures Markets: Empirical Evidence

In this study, we examine the relations between the three keys variables of liquidity such as trading volume, bid-ask spread, and intraday price volatility. Hausman’s (1978) tests of specification confirmed that trading...

Download PDF file
  • EP ID EP2031
  • DOI -
  • Views 255
  • Downloads 43

How To Cite

Ongo Nkoa B. Emmanuel, Vukenkeng Andrew Wujung, Seppo Martin P. Emmanuel (2014). MECHANISMS OF THE INFLUENCE OF HUMAN CAPITAL ON ECONOMIC GROWTH: A PANEL DATA ANALYSIS OF THE CEMAC REGION. Asian Economic and Financial Review, 4(5), 625-640. https://europub.co.uk/articles/-A-2031