Utvecklingsländers ekonomiska tillväxt : Finns samband mellan humankapital och tillväxt?

Economic growth may depend on several factors and it is not unusual to relate economic growth to physical capital. More recently, research on human capital has become crucial when it was discovered that not only physical capital is of importance for growth, defined as the change in gross domestic product per capita. Institutions such as hospitals and schools have proven to be important parts of a society, not only from a social perspective but also from a macroeconomic point of view. Many researchers have considered that human capital is of great importance in explaining many countries' economic development. As a starting point, previous studies on the subject and the theories of human capital have been used to identify the problem. The method is based on a linear regression analysis in which the human capital effects on growth have been examined. To complement the regression control variables such as GDP per capita, foreign direct incestments relative to GDP, economic freedom, corruption, change in population and dummy variable for democracy have been included. The empirical results of the regression showed that human capital has no significant effect on growth; however, there was a weak correlation between health and growth. It can therefore based on this study be concluded that human capital does not affect economic growth