Benha University

fathy Elsayed Youssef Youssef Abdelmajied

Lecturer

Faculty of Commerce Economy

Causal relationship between human capital and economic growth in European Countries (EU-28): Panel analysis

International Journal on Emerging • 2019
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Publication Information
Authors Fathy EY Abdelmajied, LN Safijllin
Keywords Not Available
Journal International Journal on Emerging
Publisher Research Trend
Volume Not Available
Issue Not Available
Pages Not Available
publication.type International
Paper Link Not Available
Supplementary Materials Not Available
Abstract
The main objective of this study is to examine the empirical relationship between education, labor, and innovation as a proxy human capital and GDP per capita in European countries (EU-28). Our hypothesis is that (1) human capital is positive (significantly) related to the GDP per capita.(2) The human capital plays the same role of physical capital in increasing the real GDP per capita. The statistical methods utilized are the Panel Data (fixed and random effect) Model for (EU-28) through the period from 1995 to 2017. Findings, there is a strong relationship between human capital and real GDP per capita in (EU-28), this the human capital plays an important role in those countries, according to the endogenous economic theory, especially,(MRW model). Also, the paper concludes that human capital plays the same role of physical capital in increasing the real GDP per capita.
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