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A Literature Review of Human Capital and Economic Growth

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  • Ejiro U. Osiobe

Abstract

This work aims to examine the relationship between human capital and economic growth. The study analyzes datasets from previous works, reviews previous literature, and draws some conclusions on human capital and economic growth. The paper summarizes articles on human capital in terms of (i) the theoretical framework of economic growth theory, (ii) the neo-classical growth model, (iii) the Solow growth production-function, (iv) the new endogenous theory, and (v) empirical evidence on the relationship and causal link between human capital and economic growth. Assessing the literature on human capital and economic growth will serve as a comprehensive literature guide to policy formulation and implementation in the short-run and long-run of creating developmental goals for any region.

Suggested Citation

  • Ejiro U. Osiobe, 2019. "A Literature Review of Human Capital and Economic Growth," Business and Economic Research, Macrothink Institute, vol. 9(4), pages 179-196, December.
    • Handle: RePEc:mth:ber888:v:9:y:2019:i:4:p:179-196
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    2. repec:eur:ejesjr:364 is not listed on IDEAS
    3. Nataliia Toropchenko & Olena Trokhymets, 2021. "Trends In Investment Activity And Accumulation Of Investment Disproportions In The Economy Of Ukraine," Green, Blue & Digital Economy Journal, Publishing house "Baltija Publishing", vol. 2(1).
    4. Frederick Forkuo Yeboah, 2022. "The Impact of Capital Budgeting on Economic Growth in Ghana," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(12), pages 30-37, December.
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    6. Yulia Gruzina & Irina Firsova & Wadim Strielkowski, 2021. "Dynamics of Human Capital Development in Economic Development Cycles," Economies, MDPI, vol. 9(2), pages 1-18, May.
    7. Lovlyn Ekeowa Kelvin-Iloafu & Francis Ezieshi Monyei & Wilfred Isioma Ukpere & Happiness Ozioma Obi-Anike & Phina Njideka Onyekwelu, 2023. "The Impact of Human Capital Development on the Sustainability and Innovativeness of Deposit Money Banks’ Workforces," Sustainability, MDPI, vol. 15(14), pages 1-15, July.
    8. Nataliia Toropchenko & Olena Trokhymets, 2021. "Trends In Investment Activity And Accumulation Of Investment Disproportions In The Economy Of Ukraine," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 2(1).
    9. Vega-Gonzalez Luis Roberto, 2021. "The Patenting Dilemma in Mexican Public Universities: the Case of ICAT-UNAM," Business and Economic Research, Macrothink Institute, vol. 11(1), pages 59-81, March.
    10. Neu, Werner, 2022. "A role for epigenetics in economic analysis," MPRA Paper 114217, University Library of Munich, Germany.

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    More about this item

    Keywords

    Human capital; Economic growth;

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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