The Relationship between Economic Growth and Human Capital: An Empirical Analysis for Turkey

The Relationship between Economic Growth and Human Capital: An Empirical Analysis for Turkey

ZORTUK, Mahmut
BAKIRTAS, ibrahim
VARSAK, Serkan

The aim of this study is to explain the long and short run probable effects on the economic growth of human capital. According to main hypothesis of research, as human capital raises, the economic capital raises. In our analysis, human capital is defined with two variables. These are school enrollment rate (SR) and education spending for each student (ED). The growth rate is defined as real gross domestic product rate (GDP). The analysis includes 1970-2008 term of Turkey. The main hypothesis is tested by the help of Bounds test approach. According to the analysis results there are long run meaningful these are variables. On the other hand, long run coefficients which are estimated by the help of the model are meaningful but short run unmeaning. These are results is parallelisms between the literature and the long run and short run coefficients symbols from the analysis results.

Conference or Workshop Item
PeerReviewed

2009-06

289