HUMAN CAPITAL DEVELOPMENT & ECONOMIC GROWTH: AN EMPIRICAL STUDY ON JORDAN


Ibrahimov M., Alalawneh M. M.

37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.132-141 identifier

  • Publication Type: Conference Paper / Full Text
  • City: Baku
  • Country: Azerbaijan
  • Page Numbers: pp.132-141
  • Azerbaijan State University of Economics (UNEC) Affiliated: Yes

Abstract

This study examines the effect of human capital on the average productivity of workers in Jordan employing the ordinary least squares (OLS) method to the data ranging from 1980 to 2014. The results showed that there is a positive and statistically significant effect of human capital development (HDI) on the average productivity of Jordanian worker (RAPL). The study concluded with a number of recommendations, the most important of which is that this study is the introduction to many more detailed future studies and aims at the relationship between the human development index and its components education, health and income. The study also recommends that more efforts be made to address health, education and cognitive skills and to improve the level of income distribution in order to increase human productivity.