Does human capital create economic growth in Sub-Saharan Africa?: An empirical analysis of the relationship between human capital and economic growth.
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
The objective of this thesis is to investigate if human capital has a significant impact on economic growth. This is tested with a panel data regression model where data is taken annually from the Sub-Saharan Africa region between the years 1988-2011. The final regression model displayed education as a positive factor for GDP per capita growth, but not at a significant level.
This result resembles many previous studies, and leads to the conclusion that we do not have a significant relationship between education enrolment and economic growth. The result raises the question if enrolment rates in school are a valid variable to capture human capital with, and calls for more investigations on the quality aspect of education.
Place, publisher, year, edition, pages
2015. , 50 p.
Economic growth, human capital, education, panel data, Sub-Saharan Africa
IdentifiersURN: urn:nbn:se:sh:diva-27841OAI: oai:DiVA.org:sh-27841DiVA: diva2:825381
Subject / course
UppsokSocial and Behavioural Science, Law
Blomskog, Stig, Högskolelektor