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Dynamic Relationship between Human Capital and Economic Growth in Sri Lanka: A Co-Integration Analysis

Growth

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Title Dynamic Relationship between Human Capital and Economic Growth in Sri Lanka: A Co-Integration Analysis
 
Creator Vinayagathasan, T.
Vijesandiran, S.
 
Subject —
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Description Annual data from Sri Lanka was used to analyze dynamic linkage between human capital and economic growth rate. ADF, PP, and Ng-Perron unit root tests confirmed that all the series that has been included in the model are stationary at first difference. Co-integration test identified one co-integrating vector, suggesting long-run relationship between the variables. Both co-integration and VECM test revealed a positive long-run relationship between health index and per capita GDP. We also found the long-run equilibrium of the model for the real per capita GDP, real capital expenditure on human capital and real labor expenditure on human capital. The results of VECM suggested a short-term relationship between per capita GDP and health care, education level and per capita income and health care and education.
 
Publisher Asian Online Journal Publishing Group
 
Contributor —
 
Date 2015-12-19
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
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Format application/pdf
audio/mpeg
 
Identifier http://www.asianonlinejournals.com/index.php/Growth/article/view/608
 
Source Growth; Vol 2, No 2 (2015); 20-29
2412-2068
2518-0185
 
Language eng
 
Relation http://www.asianonlinejournals.com/index.php/Growth/article/view/608/pdf_4
http://www.asianonlinejournals.com/index.php/Growth/article/view/608/810
 
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https://scholar.google.com.pk/citations?view_op=view_citation&hl=en&user=3v-9kFIAAAAJ&cstart=200&pagesize=100&sortby=pubdate&authuser=5&citation_for_view=3v-9kFIAAAAJ:_kc_bZDykSQC&gmla=AJsN-F5AfoWdnehYCFYFm-FvrdeVra-aBFoY6gNt5Q3I4EWAQ5LVEdSd85mD0Wx6JxvHJl
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