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The growth theories preceding the endogenous growth theories assume that firms do not have the resources to devote to technology development because of full competitive conditions. While there is a consensus in the these theorems that technological development is the engine of growth; Lucas (1988)'s "Endogenous Growth Model Based on Human Capital", explains technological progress and economic growth with human capital. In a significant part of the empirical studies, it has been concluded that the effect of human capital on economic growth is positive. However, there are results that the increase in human capital has no effect on economic growth. Economic growth instability, which began after the "2008 global crisis", still continue. Based on this situation, it has become very important to determine the long-term impact of human capital on economic growth in Fragile Five countries. In this study, the effect of human capital on economic growth between 1987-2019 in terms of Fragile Five economies was estimated using the panel data method. The findings obtained reveal that human capital plays an important role in order for these countries to increase their economic growth. In this context, human capital has an important role in raising the economic growth of these countries. [ABSTRACT FROM AUTHOR]

The relationship of human capital with economic growth is a research topic that has been frequently studied in recent years. Human capital contains a basic need indicator such as health. The high level of health of individuals who make up a society increases the economic development potential of that society. Health expenditures to raise healthy individuals and maintain their health levels are among the factors that increase the quality of human capital. The positive contributions of health expenditures to human capital constitute a serious resource for economic growth. This study examines the relationship between healthcare spending and economic growth for selected 17 OECD countries. In the empirical analysis conducted, per capita health expenditures and GDP per capita data were used for the mentioned countries in the period covering 1976-2017. Data for the health expenditure series has been compiled from the OECD official database. Economic growth data were obtained from the World Bank official database. The hidden cointegration relationship between the series was tested with the test proposed by Hatemi-J (2018). While the series did not have a long term relationship among themselves, a long term relationship was found between positive and negative shocks. In addition, the asymmetric causality relationship of the series was tested and a bidirectional causality relationship was detected between the negative shocks of the series. [ABSTRACT FROM AUTHOR]

In this study, the relationship between human capital, and economic growth is discussed for developed and developing countries from an institutional perspective. 26 developed and 64 developing country groups with their annual data of 2002-2016 period is analyzed using real GDP per capita, education index, per capita health expenditure, democracy index, rule of law index and the control of corruption index with the panel data analysis method. Since the models installed in the analysis do not have model assumptions, the Driscoll-Kraay resistive estimator is predicted to achieve effective and consistent results. According to findings, it is determined that the relationship among education, health, democracy, legal structure, control of corruption and economic growth is positive in developed countries. It is determined that there is a positive relationship among education, health, corruption control and economic growth in the developing country group and a statistically insignificant relationship between democracy and legal structure. [ABSTRACT FROM AUTHOR]

The concept of human capital, which means developable human power, has started to gain importance especially after 1960s. Human capital has a positive impact on the quality of life of countries when the required importance is given, thus allowing the increase in national income. This study is primarily examined the theoretical framework of the relationship between human capital and economic growth, on the issue has been referred to the studies in the literature and post selected from 1980-2017 years in Turkey, education, health and physical capital indicators and the human impact on the capital's economic growth econometrically tested. Johansen cointegration test, granger causality test and VEC methods were used as econometric analysis method. According to the short and long term results, per capita education expenditures and fixed capital investments have enhancing effect on economic growth. According to the Granger causality analysis, there was a positive and significant relationship from economic growth to per capita education expenditures, from per capita fixed capital investments to per capita education expenditures and from per capita health expenditures to per capita education expenditures [ABSTRACT FROM AUTHOR]

Corruption is a common problem of developing, developed and underdeveloped countries. The relationship between corruption and economic growth may occur both directly and through corruption transmission channels. In this research using Panel Data Analysis, besides the direct impact of corruption on economic growth, the impact of corruption through human capital and investment channels that are accepted in the literature, has been analysed with the data of 11 member countries of the Black Sea Economic Cooperation BSEC between 2003-2017. As a result of the analysis, it is seen that besides the direct impact of corruption negative effect on economic growth, corruption also affects the economic growth through investment, channel. On the other hand, since there is no significant relationship between human capital and economic growth, it is concluded that the human capital variable does not act as a corruption transmission channel fort he BSEC countries. [ABSTRACT FROM AUTHOR]

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]

This study investigates the existence of nonlinear relationship between tertiary education and economic growth in the period of the Republic of Turkey, using annual time series data from 1924 to 2009. The econometric approach of this paper is based on the threshold autoregressive (TAR) model. The empirical results show evidence of one threshold value and the graduates of tertiary education have a positive contribution to economic growth above this value. The findings of this study exhibit that the government must be invest much more for the higher education to promote the development of the Turkish economy. [ABSTRACT FROM AUTHOR]

While there isn't any common decision on corruption, the misuse of the public power or authority for private use, affecting economic growth past studies there is a growing empirical finding about the negative affect of corruption on economic growth nowadays. This article focuses on the transmission channels that corruption affects economic growth. Corruption affects economic growth through political instability (inefficient decision making), investment and human capital. [ABSTRACT FROM AUTHOR]

Today, economic growth still maintains its important position in national economies worldwide. Thus, economists try to explore the possible reasons of different patterns of economic growth among countries. It is widely accepted that once dominant Neo Classic approach to economic growth has failed to explain these differences so far. Since the earlier times of economics science, human capital has been considered the most important component of production. However, recently, qualified labor force has started to replace human capital as the most important component. The most recent growth models suggest that country's human capital, foreign trade policy, the level of financial development and public expenditures are highly influential on economic growth. This study aims at exploring the relationship between economic growth and investments on education, a clear indicator of the presence of human capital, in Turkish context. The method used in the present study is Granger Causality Test. The results of the study show that there is no reciprocal causality relationship between the growth in Turkish economy and investments made on education. One-way causality relationship is found only from educational investment to economic growth. No relationship is found from economic growth to educational investments. [ABSTRACT FROM AUTHOR]