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A study of the Relationship between Human Capital Accumulation and Economic Growth: A case of Liberia
Faliku S. Dukuly
Shanghai Maritime University
Corresponding Author
ORCiD: https://orcid.org/0000-0003-3116-7690
License:
This work is licensed under a CC BY 4.0 License. Read Full License
The neutral of this study is to examine the human capital effect on Liberia’s economic growth and empirically estimates the contribution of human capital accumulation within the Liberian economy from 2000 to 2019. We used a time-series data of linear regression (OLS) model where data is taken from the World Bank Development Indicators to test our observed variables using the Eviews7 statistical tool. The final linear regression model displayed Population (POP) growth rate as a positive and significant factor for GNI accumulation, while the model predicates government HEALTH expenditure, LIFE expectancy at birth, and foreign AID to be negative and not significant statistically. The result raises a concern that low expenditure on health could cause limited life expectancy and also hinder the attainment of human capital while placing the overall labor force at risk in the Liberian economy.
Keywords
Human Capital, Economic growth, Education, Health Expenditure, Liberia
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This preprint is under consideration at Journal of Economic Structures. A preprint is a preliminary version of a manuscript that has not completed peer review at a journal. Research Square does not conduct peer review prior to posting preprints. The posting of a preprint on this server should not be interpreted as an endorsement of its validity or suitability for dissemination as established information or for guiding clinical practice.
Learn more about In Review
Research
A study of the Relationship between Human Capital Accumulation and Economic Growth: A case of Liberia
Faliku S. Dukuly
Shanghai Maritime University
Corresponding Author
ORCiD: https://orcid.org/0000-0003-3116-7690
Badges
Prescreen
This manuscript passed our Prescreen assessment
Complete author information
Appropriate declaration statements
Potential risks to human health
Prescreen
Peer Review Timeline
CURRENT STATUS: Under Review
Version 1
Posted 07 Jan, 2021
No community comments so far
Editor assigned
On 30 Dec, 2020
Submission checks complete
On 30 Dec, 2020
Editor invited
On 30 Dec, 2020
First submitted
On 29 Dec, 2020
Metrics
Comments: 0
PDF Downloads: ...
HTML Views: ...
Subject Areas
Other Economics
License:
This work is licensed under a CC BY 4.0 License. Read Full License
The neutral of this study is to examine the human capital effect on Liberia’s economic growth and empirically estimates the contribution of human capital accumulation within the Liberian economy from 2000 to 2019. We used a time-series data of linear regression (OLS) model where data is taken from the World Bank Development Indicators to test our observed variables using the Eviews7 statistical tool. The final linear regression model displayed Population (POP) growth rate as a positive and significant factor for GNI accumulation, while the model predicates government HEALTH expenditure, LIFE expectancy at birth, and foreign AID to be negative and not significant statistically. The result raises a concern that low expenditure on health could cause limited life expectancy and also hinder the attainment of human capital while placing the overall labor force at risk in the Liberian economy.
Figure 1
Due to technical limitations, full-text HTML conversion of this manuscript could not be completed. However, the manuscript can be downloaded and accessed as a PDF.