Search

The aim of this study is to test the relationship between human capital and economic growth in Turkey with the analysis of the time series with reference to 1983-2013 period. In the study, the number of students per school at the stage of higher education, yearly employment figures and the gross enrollment ratio of higher education were used to represent human capital. As a result of the study, the Johansen-Juselius cointegration test revealed the existence of a long-term relationship between human capital and economic growth. Also, in the analysed of period for Turkey the relationship of granger casuality results can not be found between human capital and economic growth. [ABSTRACT FROM AUTHOR]

The structural problems faced with middle-income countries that seek to achieve their economic growth and development have brought about the middle-income trap concept up to the agenda. Therefore, determining the factors that cause per capita income in these countries to remain the same for many years has attracted researchers' attention. From this point of view, the aim of this study is to contribute determining key factors which distinguish between the countries in middle-income trap and those not in this trap. The discriminant analysis was used to achieve this goal. 19 countries which fall in middle-income trap, 21 middle-income countries which are not in trap and 34 high-income countries are included in these analyses. 22 variables represented in five groups, namely innovation, institutional, macroeconomic, education and demographic, were used. According to the findings obtained from the analysis results; the main elements that distinguish the countries in middle-income trap and those not in this trap from each other are education, innovation and institutional factors. [ABSTRACT FROM AUTHOR]

Individual freedoms and democracy spread across all countries very fast. As a result of these developments, governments have to pay more attention to the policies that increase the welfare of their citizens. The increase in the welfare of the society requires economic development. But, the economic development is only possible with the activation of fundamental dynamics of economic development, not with the temporary populist policies. One of these fundamental dynamics is technological progress. The use of technology in the process of production has increased the factor productivity in the economic development. On the other hand, the development of technology and the use of it in the process of production are closely related with the quality of human capital. For the developing countries, like Turkey, the realization of economic development depends on improvement of the quality of human capital. Unless Turkey achieves this, it does not make sense to allocate resources on R&D. Therefore, education must be the primary area to allocate resources to increase the quality of human capital. This requires providing better education for more people. It must be aimed to make university education available for more people by increasing capacities and establishing new universities; to match the qualification needs of industries with the qualifications of unemployed; to improve skills of workers by providing continuous education and job training programs; to provide labor force participation of women through the use of vocational education. In short, Turkey must target by implementing the life-long learning culture in all areas, since human capital forms the foundation of endogenous growth theories. The aim of the study is to investigate the concept of human capital, the relationship between human capital and economic development, the development problem of Turkey and the position of human capital of Turkey comparing with other countries. In the study, first, related literature is reviewed and the results of the empirical studies are summarized, then the relationship between human capital and economic growth is tested using a multi-linear regression model on the data of 177 member countries of United Nations. The study reveals that human capital is very important for economic development. [ABSTRACT FROM AUTHOR]