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Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus

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. Based upon the results of...

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Main Authors: Lai, Wei Sieng, Ishak Yussof,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2014
Online Access:http://journalarticle.ukm.my/8413/1/jeko_48%281%29-13.pdf
http://journalarticle.ukm.my/8413/
http://www.ukm.my/fep/jem/index.html
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spelling my-ukm.journal.84132016-12-14T06:47:09Z http://journalarticle.ukm.my/8413/ Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus Lai, Wei Sieng Ishak Yussof, 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. Based upon the results of the autoregressive distributed lag (ARDL) model employed, the findings indicate that a long run relationship exists between the education level of the labour force and economic growth. Among all education levels, labour with high educational attainment (secondary and tertiary) contributed positively to economic growth. The present study recommends further investment in higher education following the successful experience of many developed countries in order to propel Malaysia towards achieving its ambition of being recognised as a high income country. Penerbit Universiti Kebangsaan Malaysia 2014 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/8413/1/jeko_48%281%29-13.pdf Lai, Wei Sieng and Ishak Yussof, (2014) Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus. Jurnal Ekonomi Malaysia, 48 (1). pp. 155-165. ISSN 0127-1962 http://www.ukm.my/fep/jem/index.html
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description 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. Based upon the results of the autoregressive distributed lag (ARDL) model employed, the findings indicate that a long run relationship exists between the education level of the labour force and economic growth. Among all education levels, labour with high educational attainment (secondary and tertiary) contributed positively to economic growth. The present study recommends further investment in higher education following the successful experience of many developed countries in order to propel Malaysia towards achieving its ambition of being recognised as a high income country.
format Article
author Lai, Wei Sieng
Ishak Yussof,
spellingShingle Lai, Wei Sieng
Ishak Yussof,
Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus
author_facet Lai, Wei Sieng
Ishak Yussof,
author_sort Lai, Wei Sieng
title Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus
title_short Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus
title_full Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus
title_fullStr Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus
title_full_unstemmed Human capital accumulation and economic growth in Malaysia – investigating the long run Nexus
title_sort human capital accumulation and economic growth in malaysia – investigating the long run nexus
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2014
url http://journalarticle.ukm.my/8413/1/jeko_48%281%29-13.pdf
http://journalarticle.ukm.my/8413/
http://www.ukm.my/fep/jem/index.html
_version_ 1643737470721851392
score 13.211869

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