Uniwersyteckie Czasopisma NaukoweHuman capital and economic growth – evidence from the Balkan region
DOI:
https://doi.org/10.26881/ibage.2022.41.04Słowa kluczowe:
economic growth, education, human capitalAbstrakt
This study empirically examines the relationship between human capital and economic growth in 8 Balkan countries over the period of 2000–2019. The study considers an array of statistical techniques such as the Generalized Linear Model (GLM) regression, the Dricroll–Kraray approach (D–K), and the System GMM (S-GMM) for data analysis. The study documents the positive and statistically significant impact of human capital on economic development. The analysis of the selected subsample of countries also established the positive role of human capital in shaping economic growth. The findings suggest that policymakers may design a comprehensive human development-related policy to achieve sustainable economic growth, at least in the Balkan region.
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