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Managing nation building through human capital accumulation : ASEAN perspective

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Warianty tytułu
PL
Zarządzanie budowaniem narodu przez akumulację ludzkiego kapitału : perspektywa ASEAN
Języki publikacji
EN
Abstrakty
EN
This paper aims to analyse how the ASEAN-5 countries manage nation-building through human capital accumulation. This quantitative study analysed the macroeconomic and human capital data of 5 ASEAN countries from 1970 to 2016. The independent variables incorporated in this study are physical capital, population growth, human capital and trade openness. The theoretical framework of this study is based on Mankiw, Romer and Weil’s endogenous Human Capital Augmented Solow model of economic growth. Ordinary Least Squares estimation technique was employed and the empirical results of this study deduce that human capital has a significant positive impact on economic growth in Malaysia and Singapore. Physical capital was found to have a significant positive impact on economic growth in Indonesia and Thailand. In Philippines, Indonesia and Thailand, it is demonstrated that population growth has a significant negative impact on economic growth, while trade openness is inferred to have a significant positive impact on economic growth only in Malaysia.
PL
Niniejszy artykuł ma na celu przeanalizowanie, w jaki sposób kraje ASEAN-5 zarządzają budowaniem narodu poprzez akumulację kapitału ludzkiego. W tym badaniu ilościowym przeanalizowano dane makroekonomiczne i dotyczące kapitału ludzkiego z 5 krajów ASEAN w latach 1970-2016. Zmiennymi niezależnymi uwzględnionymi w tym badaniu są kapitał fizyczny, wzrost liczby ludności, kapitał ludzki i otwartość handlowa. Teoretyczne ramy tego badania opierają się na endogenicznym modelu wzrostu gospodarczego w kapitale ludzkim Mankiw, Romer i Weil. Zastosowano technikę szacowania najmniejszych kwadratów, a wyniki empiryczne tego badania wskazują, że kapitał ludzki ma znaczący pozytywny wpływ na wzrost gospodarczy w Malezji i Singapurze. Stwierdzono, że kapitał fizyczny ma znaczący pozytywny wpływ na wzrost gospodarczy w Indonezji i Tajlandii. Na Filipinach, w Indonezji i Tajlandii wykazano, że wzrost liczby ludności ma znaczący negatywny wpływ na wzrost gospodarczy, podczas gdy otwartość handlowa wywodzi się z istotnego pozytywnego wpływu na wzrost gospodarczy tylko w Malezji.
Rocznik
Strony
442--453
Opis fizyczny
Bibliogr. 42 poz., tab.
Twórcy
  • Universiti Kuala Lumpur Business School, Malaysia
  • Taylor’s Business School, Taylor’s University, Malaysia
  • Taylor’s Business School, Taylor’s University, Malaysia
  • Asia-Pacific University of Technology and Innovation, Malaysia
Bibliografia
  • 1. Afzal M., 2009, Population Growth and Economic Development in Pakistan, “The Open Demography Journal”, 2.
  • 2. Ahmed R.N., Ahmad K., 2016, Impact of Population on Economic Growth: A Case Study of Pakistan, Bulletin of Business and Economics, 5(3).
  • 3. ASEAN, 2015, Association of Southeast Asian Nations, Integration Report 2015. Available at: https://asean.org/asean-integration-report-2015-4/
  • 4. Awojobi O., 2013, Does Trade Openness and Financial Liberalization Foster Growth: An Empirical Study of Greek Economy, “International Journal of Social Economics”, 40(6).
  • 5. Awokuse T.O., 2008, Trade Openness and Economic Growth: Is Growth Export-led or Import-led? Applied Economics, 40(2).
  • 6. Bajwa S., Siddiqi M.W., 2011, Trade Openness and Its Effects on Economic Growth in Selected South Asian Countries: A Panel Data Study, “International Journal of Economics and Management Engineering”, 5(2).
  • 7. Benos N., Karagiannis S., 2016, Do Education Quality and Spillovers Matter? Evidence on Human Capital and Productivity in Greece, Economic Modelling, 54.
  • 8. Chang C.F., Wang P., Liu J.T., 2016, Knowledge Spillovers, Human Capital and Productivity, “Journal of Macroeconomics”, 47.
  • 9. Chang T., Ping Chu H., Deale F.W., Gupta R., 2014, The Relationship between Population Growth and Economic Growth Over 1870-2013: Evidence from a Bootstrapped Panel-Granger Causality Test, University of Pretoria Working Paper: 2014-31.
  • 10. Dao M.Q., 2012, Population and Economic Growth in Developing Countries, “International Journal of Academic Research in Business and Social Sciences”, 2(1).
  • 11. Dissou Y., Didi S., Yakautsava T., 2016, Government Spending on Education, Human Capital Accumulation, and Growth, Economic Modelling 58.
  • 12. Ewubare D.B., Ogbuagu A.R., 2015, Capital Accumulation and Economic Growth in Nigeria: Endogenous Growth Approach, “IOSR Journal of Economics and Finance”, 6(6).
  • 13. Garza-Rodriguez J., Andrade-Velasco C.I., Renteria-Rodriguez F.D., Martinez-Silva K.D., Vallejo-Castillo P.A., 2016, The Relationship Between Population growth and Economic Growth in Mexico, Economics Bulletin, 36(1).
  • 14. Hye Q.M.A., 2012, Long Term Effect of Trade Openness on Economic Growth in Case of Pakistan, Quality and Quantity, 46(4).
  • 15. Hye Q.M.A., Lau W.-Y., 2015, Trade Openness and Economic Growth: Empirical Evidence from India, “Journal of Business Economics and Management”, 16(1).
  • 16. Keho Y., 2017, The Impact of Trade Openness on Economic Growth: The Case of Cote d’Ivoire, Cogent Economics & Finance, 8(1).
  • 17. Khalid M.A., 2016, The Impact of Trade Openness on Economic Growth in the Case of Turkey, “Research Journal of Finance and Accounting”, 7(10).
  • 18. Lean H.H., Tan B.W., 2011, Linkages between Foreign Direct Investment and Economic Growth in Malaysia, “Journal of Economic Cooperation and Development”, 32(4).
  • 19. Lucas R.E., 1988, On the Mechanics of Economic Development, “Journal of Monetary Economics”, 22(1).
  • 20. Makun K., 2017, Trade Openness and Economic Growth in Malaysia, Foreign Trade Review, 52(3).
  • 21. Malthus T., 1798, An Essay on the Principle of Population, London.
  • 22. Mankiw N.G., Romer D., Weil D.N., 1992, A Contribution to the Empirics of Economic Growth, “The Quarterly Journal of Economics”, NBER Working Paper No. 3541.
  • 23. Mohsen A.S., Chua S.Y., 2015, Effects of Trade Openness, Investment and Population on the Economic Growth: A Case Study of Syria, “Hyperion Economic Journal”, 2(3).
  • 24. Munir K., Arshad S., 2015, Factor Accumulation and Economic Growth in Pakistan: Incorporating Human Capital, “International Journal of Social Economics”, 45(3).
  • 25. Neeliah H., Seetanah B., 2016, Does Human Capital Contribute to Economic Growth in Mauritius? “European Journal of Training and Development”, 40(4).
  • 26. Nwosu C., Dike A., Okwara K.K., 2014, The Effects of Population Growth on Economic Growth in Nigeria, “The International Journal of Engineering and Science”, 3(11).
  • 27. Oxford Business Group, 2018, Thailand’s Manufacturing Sector to Move Further Up the Value Chain. Available from: https://oxfordbusinessgroup.com/overview/upwards-march-raft-well- performing-industries-manufacturing-sector-set-move-further-value-chain.
  • 28. Qadri F.S., Waheed A., 2013, Human Capital and Economic Growth: Cross-country Evidence From Low-, Middle- and High-income Countries, Progress in Development Studies, 13(2).
  • 29. Qadri F.S., Waheed A., 2017, Human Capital-Economic Growth Relationship: Finding the Most Relevant Level of Education in Pakistan, “South Asian Journal of Management Sciences”, 11(2).
  • 30. Rahman M.M., Saidi K., Mbarek M.B., 2013, The Effects of Population Growth, Environmental Quality and Trade Openness on Economic Growth: A Panel Data Application, “Journal of Economic Studies”, 44(3).
  • 31. Rasiah R., 2009, The Changing Nature of Graduate Careers: Aligning Curriculum Development to Industry Needs, Paper for the 9th Conference on Business Economics; Cambridge (UK), 16-17 October.
  • 32. Rasiah R., Guptan V., Habibullah M.S., 2019, The impact of Happiness on Economic Growth and Community Development: A Dynamic Panel Estimation, Dilemas Contemporáneos: Educación, Política y Valores. 2019 Special Issue, 6.
  • 33. Ribka S., 2017, Manufacturing Sector Remains Biggest Growth Contributor. Available from: http://www.thejakartapost.com/news/2017/04/17/manufacturing-sector-remains-biggest-growth-cotributor.html.
  • 34. Romer P., 1990, Human Capital and Growth: Theory and Evidence, Carnegie Rochester Series on Public Policy, 32.
  • 35. Schutt F., 2003, The Importance of Human Capital for Economic Growth, Institute for World Economics and International Management. Available from: http://www.iwim.uni-bremen.de/publikationen/pdf/W027.pdf
  • 36. Solow R.M., 1956, A Contribution to the Theory of Economic Growth, “The Quarterly Journal of Economics”, 70(1).
  • 37. Su D.T., Bui T.M.H., 2015, Foreign Direct Investment, Trade Openness and Economic Growth: Empirical Evidence from Asia-Pacific Developing Countries, University of Economics Ho Chi Minh City. Available from: https://www.researchgate.net/publication/284371713_Foreign_direct_investment_trade_opPacific_developing_countries.
  • 38. Tahir M., Azid T., 2015, The Relationship between International Trade Openness and Economic Growth in the Developing Economies: Some New Dimensions, “Journal of Chinese Economic and Foreign Trade Studies”, 8(2).
  • 39. Trejos S., Barboza B., 2015, Dynamic estimation of the relationship between trade openness and output growth in Asia, “Journal Asian Economics”, 36.
  • 40. Tsai C.L., Hung M.C., Harriott K., 2010, Human Capital Composition and Economic Growth, Social Indicators Research, 99(1).
  • 41. Tyndorf Jr.D.M., Glass C.R., 2017, Community Colleges, Human Capital, and Economic Growth in Developing Countries, New Directions for Community Colleges, 177.
  • 42. Ullah Z.W., 2018, The Impact of Trade Openness, Investment and Human Capital on Economic Growth of Pakistan, “International Journal of Innovation and Research in Educational Sciences”, 5(1).
Uwagi
Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2019).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-bee1d812-96af-47ec-9a3f-71509f777d90
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