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BEŞERİ SERMAYE VE EKONOMİK BÜYÜME İLİŞKİSİNİN TEORİK VE AMPİRİK LİTERATÜRÜ

Year 2023, Volume: 8 Issue: 2, 431 - 448, 30.06.2023
https://doi.org/10.29106/fesa.1267542

Abstract

Ekonomik performansın ve refah şartlarının en belirgin göstergelerinden biri olan iktisadi büyüme, hükümet politikalarına yol veren önemli bir parametredir. Bu nedenle iktisat literatürü tarafından birçok akademik araştırmaya konu olmuştur. Geçmişte büyümenin tamamıyla fiziksel kaynaklar sayesinde elde edildiği düşünülse de günümüzde büyümeye bilgi gibi maddi olmayan unsurlar kaynaklık etmektedir. Bilginin kullanımı ve temini için ise beceri ve tecrübe sahibi kişilerin varlığına ihtiyaç duyulmaktadır. Bu noktada Schultz (1961), bir ulusun sahip olduğu bilgi, beceri ve tecrübe sahibi insan stokunu beşeri sermaye olarak tanımlamıştır. İçsel büyüme teorileri çerçevesinde literatürde önemli yer tutan beşeri sermaye kavramı ekonomik büyümeyle ilişkilendirilmiştir. Ancak, yapılan çalışmalar çeşitli sonuçlar ortaya çıkarmış ve değişkenler arasındaki ilişki hakkında fikir birliğine ulaşılamamıştır. Bu nedenle bu çalışmada, beşeri sermaye ve ekonomik büyüme ilişkisine yönelik yapılan teorik ve ampirik bulguların bir araya getirilmesi hedeflenmiştir.

References

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THEORETICAL AND EMPIRICAL LITERATURE OF THE RELATIONSHIP BETWEEN HUMAN CAPITAL AND ECONOMIC GROWTH

Year 2023, Volume: 8 Issue: 2, 431 - 448, 30.06.2023
https://doi.org/10.29106/fesa.1267542

Abstract

Economic growth, which is prominent indicators of economic performance and welfare conditions, is an important parameter that gives way to government policies. For this reason, it has been the subject of many academic studies by the economics literature. Although in the past it was thought that growth was achieved entirely through physical resources, today growth is based on intangible factors such as knowledge. For the use and supply of information, the presence of people with skills and experience is needed. At this point, Schultz (1961) defined the human stock of a nation with knowledge, skills and experience as human capital. The concept of human capital, which has an important place in the literature within the framework of endogenous growth theories, has been associated with economic growth. However, studies have revealed various results and no consensus has been reached about the relationship between the variables. Therefore, in this study, it is aimed to bring together the theoretical and empirical findings on the relationship between human capital and economic growth.

References

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  • ADELAKUN, O. J. (2011). Human Capital Development and Economic Growth in Nigeria. European Journal of Business and Management, 3(9), 29-38.
  • ADELEYE, B. N., BENGANA, I., BOUKHELKHAL, A., SHAFIQ, M. M., & ABDULKAREEM, H. K. (2022). Does human capital tilt the population-economic growth dynamics? Evidence From Middle East and North African Countries. Social Indicators Research, 162(2), 863–883.
  • AFZAL, M., REHMAN, H. U., FAROOQ, M. S. & SARWAR, K. (2011). Education and economic growth in Pakistan: A cointegration and causality analysis, International Journal of Educational Research, 50, 321–335.
  • AGASISTI, T. & BERTOLETTI, A. (2020). Higher education and economic growth: A longitudinal study of European regions 2000–2017. Socio-Economic Planning Sciences, doi: 0.1016/j.seps.2020.100940.
  • AGHION P. ve HOWITT, P. (1992). A Model of Through Creative Destruction, Econometrica, 60(2), ss.323-351.
  • AGIOMIRGIONAKIS, G., ASTRERIOU, D., & MONASTIRIOTIS, V. (2002). Human Capital and Economic Growth Revisited:A Dynamic Panel Data Analysis. International Advances in Economic Research, 8(3), 177-187.
  • AGUAYO-RICO, A. & IRIS A. G-T (2005). Empirical Evidence of the Impact of Health on Economic Growth, Issues in Political Economy. 14(1), 1-17.
  • ALMUTAIRI, N. T. (2023), Does Investment in Human Capital via Education Stimulate Economic Growth in an Oil-Rich Country? A Case Study of Saudi Arabia, Journal of the Knowledge Economy, https://doi.org/10.1007/s13132-023-01265-1
  • ALTINOK, N., & KINGDON, G. (2012). New Evidence on Class Size Effects: A Pupil Fixed Effects Approach. Oxford Bulletion of Economics and Statistics, 74(2), 203-234.
  • ARROW, K. (1962). Economic Welfare and Allocation of Resources for Invention. National Bureau of Economic Research (NBER), 609-626.
  • ASTERIOU, D. & AGIOMIRGIANAKIS, G. M. (2001). Human capital and economic growth Time series evidence from Greece. Journal of Policy Modelling, 23, 481-489.
  • AY, A., & YARDIMCI, P. (2008). Türkiye’de Beşeri Sermaye Birikimine Dayalı Ak Tipi İçsel Ekonomik Büyümenin Var Modeli İle Analizi (1950-2000). Maliye Dergisi, 155, 39-54.
  • BALDACCI, E., CLEMENTS, B., GUPTA, S., & CUI Q. (2008). Social Spending, Human Capital, and Growth in Developing Countries. World Development, Vol. 36, No. 8, 1317–1341.
  • BARRO, R. J. & MARTIN, X. S. I. (2004). Economic growth. Cambridge: The MIT Press, second edition.
  • BARRO, R. J. (1991). Economic Growth in a Cross Section of Countries. The Quarterly Journal of Economics, 106(2), 407-443.
  • BARRO, R. J., & LEE, J. W. (1994). Sources of economic growth. Carnegie-Rochester Conference Series on Public Policy, 40, 1-46.
  • BECKER, G. S. (1962). Investment in Human Capital: A Theoretical Analysis, Journal of Political Economy, 70(5), 9-49.
  • BENHABİB, J. & SPIEGEL, M.M. (1994). The Role of Human Capital in Economic Development Evidence from Aggregate Cross-Country Data. Journal of Monetary Economics, 34,143-173.
  • BOARINI, R., D'ERCOLE, M. M., & LIU, G. (2012). Approaches to Measuring the Stock of Human Capital: A Review of Country Practices. OECD Statistics Working Papers 2012/04.
  • BOWEN, W. G. (1964). “Assessing the Economic Contribution of Education: an Appraisal of Alternatives Approach”. The Economics Aspect Higher Education, OECD, Paris, ss. 177-201.
  • CHEN, S. S., & LUOH, M. (2010). Are Mathematics and Science Test Scores Good Indicators of Labor Force Quality. Social Indicators Research, 96, 133-143.
  • CHİ, W. (2008). The role of human capital in China's economic development: Review and new evidence, China Economic Review, 19, 421–436.
  • CHIRWA, T. G., & ODHİAMBO, N. M. (2016). Sources of Economics Growth Zambia:An Empirical Investigation. Global Business Review, 18(2), 275–290.
  • ÇALIŞKAN, Ş., KARABACAK, M. & MEÇİK, O. (2013). Türkiye’de Eğitim-Ekonomik Büyüme İlişkisi: 1923-2011 (Kantitatif Bir Yaklaşım), Yönetim Bilimleri Dergisi, 11(21), 29-48.
  • DELGADO, M., HENDERSON, D., & CHRISTOPHER, F. (2014). Does Education Matter for Economic Growth? Oxford Bulletın Of Economıcs And Statıstıcs, 76 (3), 334-359.
  • DENISON, E. F. (1962). Education, Economic Growth, and Gaps in Information, Journal of Political Economy, 70(5), 124-128.
  • EIGBIREMOLEN, G. O., & ANADUAKA, U. S. (2014). Human Capital Development and Economic Growth: The Nigeria Experience. International Journal of Academic Research in Business and Social Sciences, 4(4), 25-35.
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There are 105 citations in total.

Details

Primary Language English
Subjects Economics
Journal Section Araştırma Makaleleri
Authors

Bayram Aydın 0000-0003-4238-7779

Murat Dündar Demiröz 0000-0003-1783-9905

Early Pub Date June 29, 2023
Publication Date June 30, 2023
Submission Date March 19, 2023
Acceptance Date May 14, 2023
Published in Issue Year 2023 Volume: 8 Issue: 2

Cite

APA Aydın, B., & Demiröz, M. D. (2023). THEORETICAL AND EMPIRICAL LITERATURE OF THE RELATIONSHIP BETWEEN HUMAN CAPITAL AND ECONOMIC GROWTH. Finans Ekonomi Ve Sosyal Araştırmalar Dergisi, 8(2), 431-448. https://doi.org/10.29106/fesa.1267542