Human Capital Development And Economic Growth In India Pdf

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So, All of authors and contributors must check their papers before submission to making assurance of following our anti-plagiarism policies. A countries economic growth depends on many factors like Natural resources, human resources, physical capital, technological development, and social and political factors. This paper is investing the role of human capital in the economic growth of India.

Human capital

An Empirical Analysis. The study attempts to examine the relationship between human capital and economic growth in India. The study utilizes annual time series data for the period to Real Gross Domestic Product is used as a proxy for economic prosperity and the Human Capital Index is taken as a proxy for the level of human capital.

Conventional sources of growth are controlled by physical capital, trade openness and inflation. Toda and Yamamoto Granger's causality test is used as a short-run diagnostic test for the long-run equilibrium relationship. The major findings of the study suggest human and physical capital is the major determinant of economic development in the long-run, whereas in the short-run the level of economic prosperity determines the level of human and physical capital, the volume of trade and fiscal space of the government.

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How Does Human Capital Affect Economic Growth in India? An Empirical Analysis

An Empirical Analysis. The study attempts to examine the relationship between human capital and economic growth in India. The study utilizes annual time series data for the period to Real Gross Domestic Product is used as a proxy for economic prosperity and the Human Capital Index is taken as a proxy for the level of human capital. Conventional sources of growth are controlled by physical capital, trade openness and inflation. Toda and Yamamoto Granger's causality test is used as a short-run diagnostic test for the long-run equilibrium relationship. The major findings of the study suggest human and physical capital is the major determinant of economic development in the long-run, whereas in the short-run the level of economic prosperity determines the level of human and physical capital, the volume of trade and fiscal space of the government.

Not a MyNAP member yet? Register for a free account to start saving and receiving special member only perks. In countries such as China and India that are seeking to aggressively expand their economies and their capacity for technological innovation, a key limiting factor is human capital. Are there enough competent scientists and engineers to support that growth? Enough technicians? Enough managers who understand technology? In opening a session on human capital development, moderator Pete Engardio of BusinessWeek said that with the recent dramatic growth of the technological sector in those two countries, companies—both foreign-owned and domestic—are running into a number of practical problems.

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July 5, Journal article Open Access. Javid Ahmad khan. Investment in Human capital is considered as one of most important pillars of economic growth in any economy.

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Human capital Development and Economic Growth in India

How Does Human Capital Affect Economic Growth in India? An Empirical Analysis

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1. Human capital development. 2. People's Republic of China. 3. India. A. Impacts of Human Development on Economic Growth: Theory and Evidence.


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5 Comments

  1. Hilaire C. 09.05.2021 at 05:08

    A countries economic growth depends on many factors like Natural resources, human resources, physical capital, technological development.

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  3. Ibecenun 10.05.2021 at 05:23

    This article surveys the development of human capital HC in developing countries, focusing on the significance of the Asian experience.

  4. Amilcar G. 12.05.2021 at 05:48

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  5. Tyler S. 15.05.2021 at 15:08

    Human capital is the stock of habits , knowledge , social and personality attributes including creativity embodied in the ability to perform labour so as to produce economic value.