1. THE LONG-RUN RELATIONSHIP BETWEEN HUMAN CAPITAL AND CURRENT ACCOUNT BALANCES.
- Author
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ÇETREZ, Murat
- Subjects
- *
HUMAN resource accounting , *HIGH-income countries , *HUMAN capital , *BALANCE of payments , *HUMAN Development Index ,DEVELOPING countries ,DEVELOPED countries - Abstract
This study aims to find out the long-run relationship between human capital and the current account balances. The panel data analysis is carried out for the time period between 1990 and 2018. 88 developing and developed countries are included in the study. Panel cointegration analysis is applied to test the long-run relationships. The human capital is represented by two indexes. First one is The Institute for Health Metrics and Evaluation (IHME) human capital index. Second one is United Nations human development index. For both indexes, there are significant and positive long-run relationships between the human capital indexes and current account balances for high income countries. It is determined that there is a negative, significant and long-term relationship for "all countries except industrialized countries", "all countries except Africa and industrialized countries" and "all countries" groups. [ABSTRACT FROM AUTHOR]
- Published
- 2022
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