THE ROLE OF HUMAN CAPITAL ON ECONOMIC GROWTH IN TURKEY
BEŞERİ SERMAYENİN TÜRKİYE’DE EKONOMİK BÜYÜME ÜZERİNDEKİ ROLÜ

Author : İhsan OLUÇ -- İhsan GÜZEL
Number of pages : 493-503

Abstract

The order of importance of the factors of production which are the source of economic growth have varied over time, these changes further highlights human capital with every passing day. Today, human capital plays a key role in increasing the production capacity. human capital has been mainly composed of two elements which are education and health; additionally, it is a collection of resources like knowledge, talents, skills, abilities, experience. İn this Study, effets of human capital componenets on Turkey’s economic growth were analyzed by VAR method by using the yearly data for period of 1981-2013. As a result of the analysis it has been seen that a shock which happens to human capital components has influenced the economic growth the rate of approximately 1.82% and the effects lasted 3 years on average.

Keywords

Human Capital, Economic Growth, VAR Analysis

Read: 617

Download: 203