Impact of Human Capital Index on Economic Growth in Africa

  • Yohana Marwa Maiga Tanzania Institute of Accountancy (TIA), Dar es Salaam, Tanzania
DOI: https://doi.org/10.47814/ijssrr.v6i6.1240
Keywords: Human Capital Index; Economic Growth; Quantile Regression; Breusch-Pagan Test; Kendall; And Spearman Correlation

Abstract

This study investigates the impact of the Human Capital Index (HCI) on economic growth (EG) in Ghana, Kenya, and Tanzania using various statistical techniques. The results indicate that the relationship between HCI and EG is complex and varies by country. The coefficient for TZA is positive, while GHA and KE are negative. However, these coefficients are not statistically significant, and the overall coefficient for all countries is negative and not statistically significant. This suggests that other factors such as investment in infrastructure, education, and innovation may contribute to EG. Policymakers should consider a range of factors beyond HCI when formulating policies to promote EG in these countries. Further research is necessary to identify potential predictors of EG and explore the relationships among these factors in more detail.

 

 

Published
2023-06-08
How to Cite
Maiga, Y. (2023). Impact of Human Capital Index on Economic Growth in Africa. International Journal of Social Science Research and Review, 6(6), 287-296. https://doi.org/10.47814/ijssrr.v6i6.1240
Issue
Vol 6 No 6 (2023): IJSSRR VOL 6 NO 6 2023 JUNE
Section
Main Articles

Copyright (c) 2023 Yohana Marwa Maiga

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Authors retain copyright of their published work and grant the International Journal of Social Science Research and Review (IJSSRR) the right of first publication.

Articles published in IJSSRR are distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided that the original work is properly cited.

Authors are permitted to share, archive, and distribute the published version of their work, provided that proper acknowledgement of the original publication in IJSSRR is given.