Does human capital have an impact on employment in Turkey? An ARDL analytical perspective
Yükleniyor...
Dosyalar
Tarih
2022
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Human capital plays a key role in most production function of economies. In Solow growth model, labor is more efficient and effective per capital when the human capital is well developed. Most research on human capital and employment are centered around microeconomic principles. Thus, focusing firms, and role highly skilled labor play in self-employment, return on sales and investment, business growth and employment opportunities. This study puts an emphasis on the macroeconomics aspects of human capital and employment. Accordingly, this study seeks to answer the question “Does Human Capital have an impact on Employment in Turkey”. Employing data from 1990 – 2019, Human capital (proxied by means, years of schooling, life expectancy at birth, and labor force participation rate) has a long run relationship with employment according to the Bound test we conducted. This suggests that the short run relationship conducted is spurious. More so, health and educational expenditures, and inflation were employed as a policy control variable within the model. We found out that while life expectancy at birth and labor forces participation had positive coefficient with employment, mean years of schooling had a negative impact on employment. As a matter of policy recommendation, a more aggressive policy geared towards job creation, monitoring labor market volatilities, ensuring that labor laws are followed to the latter, stabilizing inflation, and attracting more private sector business expansion is critical in having a sustainable employment opportunities and reduction in unemployment.
Açıklama
Anahtar Kelimeler
Human Capital, Employment, Education, Health Expenditure
Kaynak
International Journal of Business and Management Invention
WoS Q Değeri
Scopus Q Değeri
Cilt
11
Sayı
4
Künye
Abdul Rahman, M. M., Adeniyi, A. & Hamidu, Y. A. (2022). Does human capital have an impact on employment in Turkey? An ARDL analytical perspective. International Journal of Business and Management Invention, 11(4), 18-27. https://www.doi.org/10.35629/8028-1104021827
