Document Type : مقالات پژوهشی
Authors
Ferdowsi University of Mashhad
Abstract
Human capital (labor quality or knowledge embedded in human beings) is one the important issues in recent decade, because concentrating on this kind of capital can improve products and can make economic growth and development. This study has been investigated effective factors on human capital, emphasis on resource abundance for OPEC countries in period 2000-2012. To achieve that object, Arturo human capital’s model has been utilized; also according to economic nature of these countries, oil rent variable has been added to this model. For estimating coefficients, panel data method has been used. Based on results, resource abundance has negative effect on human capital accumulation, thus the coefficient is equal to -0.11. There for the more oil rent will lower the economic growth in these countries. Also based on results, the relationship between life expectation and economic growth and human capital is positive and the coefficients are 1.84 and 0.26. In addition to those results, population growth has negative effect on human capital accumulation; its coefficient is equal to -0.08. So population growth policies can’t be suitable for OPEC countries because such policies can’t improve human capital in such countries.
Keywords
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