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The Impact of Human Capital on Economic growth: Case of Tunisia, Morocco, Japan and South KoreaI
- 1. Abstract of Economics, Finance and Management Outlooks, 2013, Vol.1 DOI: 10.18488/journal.1003/2013.1/1003.1 1st International Conference on Economics, Finance and Management Outlooks 20-21 December, 2013 Pearl International Hotel, Kuala Lumpur, Malaysia Conference Website: www.pakrdw.com 2 The Impact of Human Capital on Economic growth: Case of Tunisia, Morocco, Japan and South KoreaI Sbaouelgi Jihène1 1 Teacher (PhD) in Higher School of Economics and Commercial Sciences of Tunis Abstract Since the early '90s, the empirical literature on human capital and economic growth is full of conflicting results. Indeed, most theoretical analyzes have confirmed that human capital has a positive and significant effect on growth. This article explores time series causality between human capital (particularly higher education) and growth in four countries economically different, namely Tunisia, Morocco, Japan and South Korea during the period 1960-2012. For this, we use cointegration techniques and Granger causality tests. The results show that cointegration between higher education and economic growth exists only in Japan and South Korea. This finding is explained by the high level of economic growth and human capital of those countries. Keywords: Human capital,Economic growth, Causality and Cointegration. JEL Classification: E24, O4, C32.