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Sep 21, 2022 · In this study, we explore the relationship between human capital index accumulation (health and education) and economic growth in Malaysia by using a Dickey–Fuller test with an Augmented protocol from 1979 and Philperrons tests from 1988, which have been conducted.
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The endogenous growth theory emphasises that human capital is crucial to a country’s economic growth. The purpose of the present study is to investigate the long term relationship between human capital and economic growth in Malaysia for the period between 1981 and 2010.
The government expenditure on education and health is included to observe government policies in human capital investment. However, different prox-ies of human capital variable and economic growth variable may give different results in explaining the relationship between human capital and growth.
Malaysia’s long-run growth performance has supported remarkable gains in social and economic development, with a nine-fold increase in per capita income over the last seven decades.
ABSTRACT. Malaysia’s success today is in large partly due to the priority we have given to the development of human capital in the national strategic planning since the early 1990s. Through Vision 2020, Malaysia has declared that, “Our People are Our Ultimate Resource”.
Sep 21, 2022 · In this study, we explore the relationship between human capital index accumulation (health and education) and economic growth in Malaysia by using a Dickey–Fuller test with an...
Feb 12, 2021 · Malaysia has shifted from a labor-intensive, agriculture-based economy since its independence in 1957 to a knowledge and innovation-based economy. Human capital development (HCD) is a key enabler for driving and sustaining Malaysia's socioeconomic growth.
