Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus
The endogenous growth theory emphasises that human capital is crucial to a country’s economic growth. The purpose of the present study is to investigate the long term relationship between human capital and economic growth in Malaysia for the period between 1981 and 2010. Based upon the results of...
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Penerbit Universiti Kebangsaan Malaysia
2014
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| Online Access: | http://journalarticle.ukm.my/8413/ http://journalarticle.ukm.my/8413/ http://journalarticle.ukm.my/8413/1/jeko_48%281%29-13.pdf |
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ukm-84132016-12-14T06:47:09Z http://journalarticle.ukm.my/8413/ Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus Lai, Wei Sieng Ishak Yussof, The endogenous growth theory emphasises that human capital is crucial to a country’s economic growth. The purpose of the present study is to investigate the long term relationship between human capital and economic growth in Malaysia for the period between 1981 and 2010. Based upon the results of the autoregressive distributed lag (ARDL) model employed, the findings indicate that a long run relationship exists between the education level of the labour force and economic growth. Among all education levels, labour with high educational attainment (secondary and tertiary) contributed positively to economic growth. The present study recommends further investment in higher education following the successful experience of many developed countries in order to propel Malaysia towards achieving its ambition of being recognised as a high income country. Penerbit Universiti Kebangsaan Malaysia 2014 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/8413/1/jeko_48%281%29-13.pdf Lai, Wei Sieng and Ishak Yussof, (2014) Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus. Jurnal Ekonomi Malaysia, 48 (1). pp. 155-165. ISSN 0127-1962 http://www.ukm.my/fep/jem/index.html |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
Universiti Kebangasaan Malaysia |
| building |
UKM Institutional Repository |
| collection |
Online Access |
| language |
English |
| description |
The endogenous growth theory emphasises that human capital is crucial to a country’s economic growth. The purpose of
the present study is to investigate the long term relationship between human capital and economic growth in Malaysia for
the period between 1981 and 2010. Based upon the results of the autoregressive distributed lag (ARDL) model employed,
the findings indicate that a long run relationship exists between the education level of the labour force and economic
growth. Among all education levels, labour with high educational attainment (secondary and tertiary) contributed
positively to economic growth. The present study recommends further investment in higher education following the
successful experience of many developed countries in order to propel Malaysia towards achieving its ambition of being
recognised as a high income country. |
| format |
Article |
| author |
Lai, Wei Sieng Ishak Yussof, |
| spellingShingle |
Lai, Wei Sieng Ishak Yussof, Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus |
| author_facet |
Lai, Wei Sieng Ishak Yussof, |
| author_sort |
Lai, Wei Sieng |
| title |
Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus |
| title_short |
Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus |
| title_full |
Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus |
| title_fullStr |
Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus |
| title_full_unstemmed |
Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus |
| title_sort |
human capital accumulation and economic growth in malaysia – investigating the long run nexus |
| publisher |
Penerbit Universiti Kebangsaan Malaysia |
| publishDate |
2014 |
| url |
http://journalarticle.ukm.my/8413/ http://journalarticle.ukm.my/8413/ http://journalarticle.ukm.my/8413/1/jeko_48%281%29-13.pdf |
| first_indexed |
2023-09-18T19:52:21Z |
| last_indexed |
2023-09-18T19:52:21Z |
| _version_ |
1777406303244648448 |