Human capital and economic growth: empirical evidence from Malaysia

The objective of this paper is to estimate the long and short run relationship between human capital and economic growth in Malaysia. The study applies rigorous empirical testing to test the validity of the model. Data derived from different sources undergo unit root tests to ensure stationarity at...

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Main Authors:	Mohammad Rusli, Norhanani Aflizan, Hamid, Zarinah
Format:	Conference or Workshop Item
Language:	English English
Published:	2014
Subjects:	HB131 Methodology.Mathematical economics. Quantitative methods HD72 Economic growth, development, planning
Online Access:	http://irep.iium.edu.my/38588/ http://irep.iium.edu.my/38588/ http://irep.iium.edu.my/38588/1/CH023.pdf http://irep.iium.edu.my/38588/4/38588_Human%20capital%20and%20economic%20growth.SCOPUSpdf.pdf

id	iium-38588
recordtype	eprints
spelling	iium-385882017-09-18T02:54:18Z http://irep.iium.edu.my/38588/ Human capital and economic growth: empirical evidence from Malaysia Mohammad Rusli, Norhanani Aflizan Hamid, Zarinah HB131 Methodology.Mathematical economics. Quantitative methods HD72 Economic growth, development, planning The objective of this paper is to estimate the long and short run relationship between human capital and economic growth in Malaysia. The study applies rigorous empirical testing to test the validity of the model. Data derived from different sources undergo unit root tests to ensure stationarity at level or first difference. It also utilizes cointegration test, error correction model (ECM), short-run Granger causality, variance decomposition and impulse response function to analyze the impact of human capital on economic growth in the long and short run. The results confirmed that education, government expenditure and economic growth have long run relationships. The results of successful human capital development will not be seen in an instant, but rather over a period of time. In line with Malaysia’s aspiration to become a high income nation in 2020, efforts must be intensified in developing its human capital. 2014 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/38588/1/CH023.pdf application/pdf en http://irep.iium.edu.my/38588/4/38588_Human%20capital%20and%20economic%20growth.SCOPUSpdf.pdf Mohammad Rusli, Norhanani Aflizan and Hamid, Zarinah (2014) Human capital and economic growth: empirical evidence from Malaysia. In: 2nd International Congress on Interdisciplinary Behaviour and Social Sciences, ICIBSoS, 4th - 5th November 2013, Jakarta, Indonesia. http://www.scopus.com/record/display.url?eid=2-s2.0-84894740228&origin=resultslist&sort=plf-f&src
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HB131 Methodology.Mathematical economics. Quantitative methods HD72 Economic growth, development, planning
spellingShingle	HB131 Methodology.Mathematical economics. Quantitative methods HD72 Economic growth, development, planning Mohammad Rusli, Norhanani Aflizan Hamid, Zarinah Human capital and economic growth: empirical evidence from Malaysia
description	The objective of this paper is to estimate the long and short run relationship between human capital and economic growth in Malaysia. The study applies rigorous empirical testing to test the validity of the model. Data derived from different sources undergo unit root tests to ensure stationarity at level or first difference. It also utilizes cointegration test, error correction model (ECM), short-run Granger causality, variance decomposition and impulse response function to analyze the impact of human capital on economic growth in the long and short run. The results confirmed that education, government expenditure and economic growth have long run relationships. The results of successful human capital development will not be seen in an instant, but rather over a period of time. In line with Malaysia’s aspiration to become a high income nation in 2020, efforts must be intensified in developing its human capital.
format	Conference or Workshop Item
author	Mohammad Rusli, Norhanani Aflizan Hamid, Zarinah
author_facet	Mohammad Rusli, Norhanani Aflizan Hamid, Zarinah
author_sort	Mohammad Rusli, Norhanani Aflizan
title	Human capital and economic growth: empirical evidence from Malaysia
title_short	Human capital and economic growth: empirical evidence from Malaysia
title_full	Human capital and economic growth: empirical evidence from Malaysia
title_fullStr	Human capital and economic growth: empirical evidence from Malaysia
title_full_unstemmed	Human capital and economic growth: empirical evidence from Malaysia
title_sort	human capital and economic growth: empirical evidence from malaysia
publishDate	2014
url	http://irep.iium.edu.my/38588/ http://irep.iium.edu.my/38588/ http://irep.iium.edu.my/38588/1/CH023.pdf http://irep.iium.edu.my/38588/4/38588_Human%20capital%20and%20economic%20growth.SCOPUSpdf.pdf
first_indexed	2023-09-18T20:55:26Z
last_indexed	2023-09-18T20:55:26Z
_version_	1777410272093274112

Human capital and economic growth: empirical evidence from Malaysia

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