Human Capital and Capital Goods Import in the Sub Sahara Africa (Ssa)

• Main Authors: Festus Olumide Fawehinmi, Adeleke Omolade, Sunday Anderu Keji
• Format: Article
• Language: English
• Published: Danubius University 2019-06-01
• Series: Acta Universitatis Danubius: Oeconomica
• Subjects: capital goods import; economic growth; human capital; sub-sahara africa
• Online Access: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/5582/4999
• ISSN: 2065-0175; 2067-340X

The study investigates the impacts of human capital and capital goods import on the economic growth of the SSA. 30 countries are used in the Panel- ARDL analysis where economic growth is the dependent variable and capital goods import, human capital, primary export, investment exchange rate, among others are used as the independent variables. The result from the panel analysis indicates that capital goods import significantly and positively influence economic growth but human capital fails to have significant positive impact on economic growth of the SSA. Earlier, the trend analysis and the correlation results have shown that there is a weak association between capital goods import and human capital in the SSA. The results offer an expository analysis that reveals that the quality of the human capital is very germane to the effective utilization of capital goods import for purpose of growth in a primary goods export dominated region like the SSA.