IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 9 NO. 8 2023
DOI: https://doi.org/10.56201/ijebm.v9.no8.2023.pg100.113

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Trends and Patterns of Human Capital Development and Economic Growth in Selected Sub-Saharan African Countries

Shobowale, Lateef, Olopade, Bosede Comfort, Eseyin, Oluwasegun Shadrack, Biyi, Oyeyemi Omodadepo

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Abstract

The study analyses the trends and patterns of human capital development in the selected Sub- Saharan African countries during the period 1981-2020. The study variables were economic growth rate; human capital development - proxied by Human Development Index (HDI), physical infrastructure – proxied by Physical Infrastructure Index (PII), technology – proxied by Research and Development (R&D), growth of labour force, share of private investment in GDP, trade openness, financial openness and share of total government expenditure. The result indicates that the trends and patterns over the year for human capital development in SSA countries proxied

keywords:

Economic growth, Human Capital Development, Physical Infrastructure, Technology, Total Factor Productivity, Sub-Saharan African.

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References:

Adeyemi, P. A., & Ogunsola, A. J. (2016). The impact of human capital development on economic
growth in Nigeria: ARDL Approach. IOSR Journal of Humanities and Social Science (IOSR-
JHSS), 21(3), 1-7. https://doi. org/10.9790/0837-2103040107
Akinlosotu, N. T. (2020). Human capital development and economic growth in Nigeria: An
autoregressive distributed lag (ARDL) approach. Journal of Empirical Studies, 7(1), 41-51.
Anyanwu, J. C. (2014). Factors affecting economic growth in Africa: Are there any lessons from China.
African Development Review, 26(3), 468-493

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