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The Impact of Human Capital on Growth: Evidence from West Africa

Author

Listed:
  • Ms. Sonia Brunschwig
  • Mr. Emilio Sacerdoti
  • Mr. Jon Tang

Abstract

This paper analyzes the impact of human capital on growth, on the basis of refined calculations of human capital, and with a focus on West Africa. Using a growth-accounting methodology, it distinguishes the sources of growth between the accumulation of factors of production and changes in production intensity or efficiency. Private capital is found to be particularly important to growth, but human capital appears not to be significant. The paper also identifies the terms of trade, trade openness, the government deficit, and the share of government investment in total investment as key policy variables affecting growth.

Suggested Citation

  • Ms. Sonia Brunschwig & Mr. Emilio Sacerdoti & Mr. Jon Tang, 1998. "The Impact of Human Capital on Growth: Evidence from West Africa," IMF Working Papers 1998/162, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1998/162
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    Citations

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    Cited by:

    1. Matthias Cinyabuguma & Mr. Bernardin Akitoby, 2004. "Sources of Growth in the Democratic Republic of the Congo: A Cointegration Approach," IMF Working Papers 2004/114, International Monetary Fund.
    2. Pedercini, Matteo & Barney, Gerald O., 2010. "Dynamic analysis of interventions designed to achieve millennium development goals (MDG): The case of Ghana," Socio-Economic Planning Sciences, Elsevier, vol. 44(2), pages 89-99, June.
    3. Alireza Poorfaraj & Hadi Keshavarz, 2011. "Knowledge and Economic Growth: Evidence from Some Developing Countries," Journal of Education and Vocational Research, AMH International, vol. 1(1), pages 21-25.
    4. Fred Eka, 2019. "IDE chinois et croissance économique des pays d'Afrique sub-saharienne : approche par la MMG en données de panel," Working Papers hal-02141049, HAL.
    5. NGUENA, Christian L. & MAGNE, Carine E., 2012. "Politique Industrielle Contemporaine : le Problème de Dépendance en Energie et Capital Humain des Pays de l’Afrique Centrale [Contemporary Industrial Policies: The Problem of Energy and Human Capit," MPRA Paper 49409, University Library of Munich, Germany, revised 31 Aug 2013.
    6. Whalley John & Weisbrod Aaron, 2012. "The Contribution of Chinese FDI to Africa's Pre Crisis Growth Surge," Global Economy Journal, De Gruyter, vol. 12(4), pages 1-28, December.
    7. Fred EKA, 2019. "IDE chinois et croissance économique des pays d'Afrique sub-saharienne : approche par la MMG en données de panel," Working Papers 2018-2019_6, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Feb 2019.
    8. Boopen Seetanah & Sawkut Rojid, 2011. "Analysing the sources of economic growth in Africa using growth a accounting and a panel VAR approach," Journal of Developing Areas, Tennessee State University, College of Business, vol. 44(2), pages 367-390, January-M.
    9. International Monetary Fund, 2007. "Niger: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2007/014, International Monetary Fund.
    10. Mr. Jean-Claude Nachega & Mr. Thomson Fontaine, 2006. "Economic Growth and Total Factor Productivity in Niger," IMF Working Papers 2006/208, International Monetary Fund.
    11. Mr. Brou E Aka & Mr. Bernardin Akitoby & Mr. Amor Tahari & Mr. Dhaneshwar Ghura, 2004. "Sources of Growth in Sub-Saharan Africa," IMF Working Papers 2004/176, International Monetary Fund.
    12. Ms. Mwanza Nkusu, 2004. "Are there Negative Returns to Aid? a Comment," IMF Working Papers 2004/212, International Monetary Fund.
    13. Dhaoui, Elwardi, 2013. "Human Capital and Economic Growth in Tunisia: Macroeconomic Findings," MPRA Paper 63689, University Library of Munich, Germany.
    14. World Bank, 2007. "Ghana - Meeting the Challenge of Accelerated and Shared Growth : Country Economic Memorandum, Volume 1. Synthesis," World Bank Publications - Reports 7663, The World Bank Group.
    15. Fred Eka, 2019. "IDE chinois et croissance économique des pays d'Afrique sub-saharienne : approche par la MMG en données de panel," Working papers of CATT hal-02141049, HAL.

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