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Paper Information

Journal:   IRANIAN JOURNAL OF APPLIED ECONOMICS   summer 2017 , Volume 7 , Number 21 #r00448; Page(s) 51 To 62.
 
Paper: 

The Effect of Human Capital and Structural Changes on the Economic Growth of ASEAN Countries

 
 
Author(s):  SARLAK AHMAD*, GHIASI MOJTABA
 
* Faculty of Management and Economics, Arak Azad University, Arak, Iran
 
Abstract: 
The main objective of this paper is to examine the impact of human capital and structural changes on the economic growth of ASEAN countries over the period 1977-2014. For this purpose, in the framework of a growth model, the direct and indirect effects of human capital and its relation with structural changes on the economic growth have been examined. The model was estimated by using the generalized method of moment and panel data. The results of the estimation indicated that human capital and structural changes had a significant and positive effect on the economic growth of the studied countries. Also, the effect of human capital had been far more than the effect of structural changes on the economic growth of these countries.
 
Keyword(s): Economic Growth,Human Capital,Structural Changes,Panel Data
 
References: 
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