The Impact of Human Capital Development on Economic Growth in Ethiopia. Vector Autoregressive Approach

The Impact of Human Capital Development on Economic Growth in Ethiopia. Vector Autoregressive Approach
Author: Mekonnen Atale
Publisher: GRIN Verlag
Total Pages: 65
Release: 2023-08-23
Genre: Business & Economics
ISBN: 3346928667

Master's Thesis from the year 2022 in the subject Economics - International Economic Relations, grade: 3.78, , language: English, abstract: The main objective of this study is to investigate the short run and the long run impact of human capital development on economic growth in Ethiopia over the period 1975-2020. The human capital development proxies are education and health expenditures to ratio of GDP, labor force participation and secondary education enrollment ratio, while real GDP per capita is a proxy variable of economic growth. The study applied Johnson Maximum Likelihood co-integration test and error correction mechanism to identify the impact of human capital development on Economic growth both in the long run and short run. The finding reveal that human capital development proxies (secondary education enrollment rate and public health spending to share of GDP) and labor force exhibit negative and significant effect on economic growth in the long run, while government expenditure on education exhibits positive and significant effect on economic growth in the long run. Hence, education spending is the main contributor of real GDP per capita in the long run. However, health spending did not contribute to human capital development and economic growth in the long run.

Good Governance and Economic Development

Good Governance and Economic Development
Author: Ramesh Chandra Das
Publisher: Taylor & Francis
Total Pages: 319
Release: 2024-09-27
Genre: Political Science
ISBN: 1040148190

Good governance is a prerequisite to development, improving the quality of life, and health and ensuring equity. This book examines the interdependency of good governance and economic development by exploring perspectives from the Global North and the Global South. It assesses the impact of good governance on economic development of countries such as the USA, India, Nigeria, Turkey, Pakistan, Bangladesh, Nepal and others, and on groups of developing nations like BRICS or ASEAN. The book investigates the interrelationships between development indicators like education, health, gender equity, resource distribution, environmental preservation, quality of life, livelihood and others with governance and provides empirical verifications of the impact of good governance upon development. Further, it offers insights into the economic and governance challenges that developing countries face and highlights strategies for governance that have proved effective in bolstering sustainable growth. This volume will be of interest to students and researchers of economics, political science, social science, international relations, public administration and sociology.

Development, Political, and Economic Difficulties in the Caribbean

Development, Political, and Economic Difficulties in the Caribbean
Author: Ann Marie Bissessar
Publisher: Springer
Total Pages: 365
Release: 2019-01-23
Genre: Social Science
ISBN: 3030029948

This edited volume focuses on the attempts of various Caribbean countries to diversify their economies and societies. It is done in the context of political and economic difficulties that these countries have faced since the 2007-2008 economic crash and how successful they have been in moving their economies in a different direction. The contributors use very distinct levels of analysis in order to provide a nuanced view of diversification efforts in Trinidad and Tobago, Jamaica, Cuba, the French Antilles, and the Dutch Antilles. The book will appeal to academic researchers, practitioners, policy makers, and everyone who is interested in the politics and development of the Caribbean region.

Human Capital Formation for the Fourth Industrial Revolution

Human Capital Formation for the Fourth Industrial Revolution
Author: Atiku, Sulaiman Olusegun
Publisher: IGI Global
Total Pages: 411
Release: 2019-10-18
Genre: Business & Economics
ISBN: 152259812X

Advances in technological innovations, automation, and the latest developments in artificial intelligence (AI) have revolutionized the nature of work and created a demand for a new set of skills to navigate the Fourth Industrial Revolution (Industry 4.0). Therefore, it is necessary to equip displaced workers with a new set of skills that are essential for conversion into technical or other functional areas of business. Human Capital Formation for the Fourth Industrial Revolution is an essential research publication that recognizes the need to revitalize human capital formation for graduate employability in Industry 4.0 and discusses new skills and competencies needed to cope with the challenges present within this industrial revolution. The book seeks to provide a basis for curriculum design in line with the advances in technological innovations, automation, and artificial intelligence to enhance current and future employment. Featuring an array of topics such as curriculum design, emotional intelligence, and healthcare, this book is ideal for human resource managers, development specialists, training officers, teachers, universities, practitioners, academicians, researchers, managers, policymakers, and students.

Human Resource Management Practices for Promoting Sustainability

Human Resource Management Practices for Promoting Sustainability
Author: Atiku, Sulaiman Olusegun
Publisher: IGI Global
Total Pages: 326
Release: 2020-09-18
Genre: Business & Economics
ISBN: 1799845230

In the midst of climate change, responsible business practices and ecological modernization become essential tools for the promotion of sustainability. Due to the current level of demand for eco-friendly products and services, there is a need for green training and green human resource development to support green creativity and eco-innovation for sustainability. By incorporating green initiatives into human resource practices, organizations can maintain a positive impact on the environment. With a full understanding of sustainable business practices, positive impacts on the environmental management field become easier to produce. Human Resource Management Practices for Promoting Sustainability is a pivotal reference source that explores the incorporation of green initiatives into all aspects of human resource management practices in a variety of industries. The book delivers a discussion on green human capital, collective green intelligence, and competencies that are essential to cope with the challenges in Industry 4.0. It also provides a basis for green recruitment and selection processes as a way of promoting pro-environmental behavior in the labor markets. While highlighting a broad range of topics including employee relations, knowledge management, and recruitment, this book is ideally designed for executives, entrepreneurs, human resource managers, academicians, researchers, and students. The book is also suitable for conventional and corporate universities looking to meet sustainable development goals as well as policymakers as it provides a guideline in designing and implementing green creativity and eco-innovation based on a wide range of global issues confronting sustainability in the Fourth Industrial Revolution.

The Conditions of Agricultural Growth

The Conditions of Agricultural Growth
Author: Ester Boserup
Publisher: Routledge
Total Pages: 138
Release: 2017-07-12
Genre: Business & Economics
ISBN: 1351484532

This book sets out to investigate the process of agrarian change from new angles and with new results. It starts on firm ground rather than from abstract economic theory. Upon its initial appearance, it was heralded as "a small masterpiece, which economic historians should read--and not simply quote"--Giovanni Frederico, Economic History Services. The Conditions of Agricultural Growth remains a breakthrough in the theory of agricultural development. In linking ethnography with economy, developmental studies reached new heights. Whereas "development" had been seen previously as the transformation of traditional communities by the introduction (or imposition) of new technologies, Ester Boserup argues that changes and improvements occur from within agricultural communities, and that improvements are governed not simply by external interference, but by those communities themselves Using extensive analyses of the costs and productivity of the main systems of traditional agriculture, Ester Boserup concludes that technical, economic, and social changes are unlikely to take place unless the community concerned is exposed to the pressure of population growth.

Natural Resource Endowment and the Fallacy of Development in Cameroon

Natural Resource Endowment and the Fallacy of Development in Cameroon
Author: Fonjong, Lotsmart
Publisher: Langaa RPCIG
Total Pages: 364
Release: 2019-10-05
Genre: Business & Economics
ISBN: 9956551244

Cameroon is rich in petroleum, minerals, tropical forests, wildlife, water systems, fertile lands, and much more. Paradoxically however, most citizens live in abject poverty and without jobs, potable water, electricity, good healthcare and roads. This book is a thoughtful interrogation of some of the structural factors driving persistent poverty in Cameroon in the midst of natural resource abundance. It engages in a multidimensional critical analysis of the impact of natural resources on basic development indicators and concludes that good resource governance and sound management are the missing link. Natural resources alone will not create socio-economic prosperity void of good management with a clear development vision and strategy in Cameroon. The book assembles a wide diversity of analysis, views, perspectives and recommendations from economists, development experts, social and political scientists, on Cameroon’s current development inertia. What emerges in the end is a coherent interdisciplinary analysis of the natural resource-development paradox as it plays out in an African setting. Theories and good practices from Africa and beyond are systematically applied to identify and critique present policy and management approaches while providing alternative options that can unlock Cameroon’s natural resource wealth for national prosperity.