International Research Journal of Business Studies (E-Journal)
Vol 12, No 2 (2019): August - November 2019

Human Development and Its Effects on Economic Growth and Development

Appiah*, Michael (Department of Management Science & Engineering School of Finance and Economics, Jiangsu University 301 Xuefu Road, Zhenjiang, Jiangsu, 212013, P.R. China)
Amoasi**, Richard (Department of Marketing Koforidua Technical University P. O. Box Kf 98, Koforidua, Ghana)
Frowne**, Doreen Idan (Department of Marketing Koforidua Technical University P. O. Box Kf 98, Koforidua, Ghana)



Article Info

Publish Date
31 Jul 2019

Abstract

The focus of the current study is to empirically examine the impact of Human Development on Economic Growth and Development in African countries, between 1990 and 2015. The key findings and results of the study suggested the existence of a positive and significant impact of human development on economic growth and development in Africa. The study employed Human Development Index as the main variable of interest with GDP considered as the dependent variable with inflation, capital, investment and labor as control variables. The study also came out with the findings that Labour and foreign aid also have a positive and significant relationship with growth as recorded by most researchers. It was recommended that more efforts should be placed on developing human capacities in all areas.Keywords:Human development, economic growth, random effect, fixed effect* Department of Management Science & Engineering, School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang, Jiangsu, 212013, P.R. China** Department of Marketing, Koforidua Technical University, P. O. Box Kf 98, Koforidua, Ghana https://doi.org/10.21632/irjbs.12.2.101-109

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Journal Info

Abbrev

jurnalirjbs

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

International Research Journal of Business Studies (IRJBS), with registered number ISSN 2089-6271 (Print) and ISSN 2338-4565 (Online), is an open access and peer-reviewed scientific journal published by Prasetiya Mulya Publishing, Universitas Prasetiya Mulya. IRJBS published three times a year ...