Human Capital and Economic Growth Nexus: Does Corruption Matter?
This paper investigates the human capital and economic growth nexus in the presence of corruption for a disaggregated sample of developed and developing economies, and East, West, and South Asia. For the purpose, Dynamic Panel Data (DPD) and the Generalized Method of Moments (GMM) are employed. T...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Johar Education Society
2019-06-01
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| Series: | Pakistan Journal of Commerce and Social Sciences |
| Subjects: | |
| Online Access: | http://www.jespk.net/publications/4343.pdf |
| Summary: | This paper investigates the human capital and economic growth nexus in the presence of
corruption for a disaggregated sample of developed and developing economies, and East,
West, and South Asia. For the purpose, Dynamic Panel Data (DPD) and the Generalized
Method of Moments (GMM) are employed. The findings provide inferences that human
capital positively affects economic growth even though for some groups of economies,
corruption boost up economic growth while for some others, it retards the economic
growth. The results also suggest that an augmented Solow production function is best
fitted to the data. The population growth rate negatively affects economic growth for all
economies, but democracy has mixed effects for the groups of the economies. |
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| ISSN: | 1997-8553 2309-8619 |