Endogenous specification of foreign capital inflows, human capital development and economic growth A study of pool mean group

被引:29
作者
Musibau, Hammed Oluwaseyi [1 ]
Yusuf, Agboola Hammed [2 ]
Gold, Kafilah Lola [3 ]
机构
[1] Univ Tasmania, Tasmanian Sch Business & Econ, Sandy Bay Campus, Hobart, Tas, Australia
[2] Univ Sains Malaysia, Sch Social Sci, Dept Econ, Nibong Tebal, Malaysia
[3] Univ Malaya, Fac Econ & Adm, Kuala Lumpur, Malaysia
关键词
Foreign capital flows; Human capital development; Economic growth; Pool mean group; AUGMENTED SOLOW MODEL; UNIT-ROOT TESTS; DIRECT-INVESTMENT; PANEL-DATA; FDI; FLOWS; CAUSALITY; PRODUCTIVITY; EMPIRICS;
D O I
10.1108/IJSE-04-2018-0168
中图分类号
F [经济];
学科分类号
02 ;
摘要
Purpose The purpose of this paper is to empirically investigate the relationship between foreign capital inflows, human capital development (HCD) and economic growth in ECOWAS countries. Design/methodology/approach In line with the augmented Solow model, the relationship between foreign capital inflows, human capital development and gross domestic product in the ECOWAS member countries is investigated using the pool mean group method. Findings The authors find overwhelming evidence that foreign capital inflows and human development have a significant effect on economic growth in ECOWAS member countries. However, foreign direct investment (FDI), official development assistant, HCD and gross domestic investment are positively related to economic growth in sub-regions economies. Conversely, migrate official remittance, portfolio investments and external debts are negatively related to economic growth.
引用
收藏
页码:454 / 472
页数:19
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