Determinants of Human Capital Development in Ethiopia
Implications to Education Policy
Bibliographic Data
| ID | 5686384 |
|---|---|
| Authors | Misganu Legesse Bareke (0000-0002-9774-5863), Birhanu Haile Agezew (0000-0002-3224-4910), Negash Haile Dedho (0000-0003-0975-5111), Mulugeta Fufa Lebeta (0000-0003-0060-0439), Mesfin Molla Demissie (0000-0001-7296-1327), Berhanu Mekonnen Yimer (0000-0001-6611-1027), Adane Hailu Herut (0000-0002-2795-7473) |
| Editors | Edward M Adlaf |
| Year | 2021 |
| Volume | 2021 |
| Pages | 1-10 |
| Publication date | 2021-10-21 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Education Research International (JOURNAL) |
| Journal identifiers | ISSN: 2090-4010 • E-ISSN: 2090-4002 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1155/2021/6619674 |
| OpenAlex | W3208938235 |
| Language | EN |
| Citations received | 2 |
| References cited | 26 |
The role of human capital development in the era of globalization, knowledge-based economy, and technological development cannot be underestimated. This is mainly attached to the creative and adaptive capacity of human capital (HC) in bringing multidimensional changes and developments for the individual, organization, and the country at large. However, the scenario of HC in Sub-Saharan Africa and specifically in Ethiopia remains the lowest compared to the world standard. With this premise, this study is meant to analyze the macroeconomic determinants of HC development in Ethiopia using the Autoregressive Distributed Log (ARDL) model. Time series data from 1981 to 2018 was considered for the study. The empirical result of the study revealed that GDP per capita, openness, and education policy variables were found to have a positive and significant effect on human capital development in the short and long run. On the contrary, inflation has a negative effect on human capital development only in the short run. On the other hand, no evidence was found on whether the government's expenditure and capital-labor ratio have significant effects on human capital development. Therefore, the Ethiopian government is strongly advised to investigate its educational investment strategies in such a way that it can promote the development of HC
Development economics · Economic growth · Economics · Globalization · Government (linguistics · Government Expenditure · Government spending · Human capital · Human development (humanity · Investment (military · Macroeconomics · Market economy · Monetary economics · Openness to experience · Per capita · Physical capital · Political science · Population · Public finance · Economic Growth and Development · Economic Growth and Productivity · Fiscal Policy and Economic Growth
Likelihood-Based Inference in Cointegrated Vector Autoregressive Models
The impact of parental income and education on the schooling of their children
Institutions, Human Capital, and Development
Human Capital Theory
On the mechanics of economic development
Bounds testing approaches to the analysis of level relationships
Maximum Likelihood Estimation and Inference on Cointegration — With Applications to the Demand for Money
Growth and human capital
A new database on human capital stock in developing and industrial countries
Endogenous Technological Change
The Introduction of Human Capital Theory into Education Policy in the United States
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2022 - 2025 (4) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 2 |