THE EFFECT OF FOREIGN TRADE AND HUMAN CAPITAL ON ECONOMIC GROWTH IN OIC COUNTRIES

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TAYEBI S.K.; EMADZADEH MOSTAFA; SHEYKH BAHAEI A.

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Journal: Journal of Economic Research Year:2009 | Volume:43 | Issue:85 Page(s): 237-256

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Information Journal Paper

Title

THE EFFECT OF FOREIGN TRADE AND HUMAN CAPITAL ON ECONOMIC GROWTH IN OIC COUNTRIES

Author(s)

TAYEBI S.K. | EMADZADEH MOSTAFA | SHEYKH BAHAEI A. | Issue Writer Certificate

Keywords

ECONOMIC GROWTHQ2

HUMAN CAPITALQ2

MANUFACTURING EXPORTSQ3

MANUFACTURING IMPORTSQ3

OIC MEMBERSQ2

Abstract

This paper investigates the effect of foreign trade and HUMAN CAPITAL on ECONOMIC GROWTH using pooling data for the OIC member countries over the period1980-2003. For this purpose, the Soderbom-Teal (2003) growth model is respecified with the variables such as growth of MANUFACTURING EXPORTS, MANUFACTURING IMPORTS, HUMAN CAPITAL, labor force and physical capital. The empirical results indicate a positive effect of HUMAN CAPITAL on ECONOMIC GROWTH. In addition, an interacted relationship between trade and HUMAN CAPITAL has significantly affected growth of the selected OIC countries during the period under-consideration. According to the empirical results obtained, the significant role of manufacturing tradable products in ECONOMIC GROWTH is implemented as a result of HUMAN CAPITAL effect. Therefore, investment in human resources to improve skill levels of labor force and technology provides the OIC countries with a larger capacity of trade and growth.

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APA: Copy

TAYEBI, S.K., EMADZADEH, MOSTAFA, & SHEYKH BAHAEI, A.. (2009). THE EFFECT OF FOREIGN TRADE AND HUMAN CAPITAL ON ECONOMIC GROWTH IN OIC COUNTRIES. TAHGHIGHAT-E-EGHTESADI, 43(85), 237-256. SID. https://sid.ir/paper/12174/en

Vancouver: Copy

TAYEBI S.K., EMADZADEH MOSTAFA, SHEYKH BAHAEI A.. THE EFFECT OF FOREIGN TRADE AND HUMAN CAPITAL ON ECONOMIC GROWTH IN OIC COUNTRIES. TAHGHIGHAT-E-EGHTESADI[Internet]. 2009;43(85):237-256. Available from: https://sid.ir/paper/12174/en

IEEE: Copy

S.K. TAYEBI, MOSTAFA EMADZADEH, and A. SHEYKH BAHAEI, “THE EFFECT OF FOREIGN TRADE AND HUMAN CAPITAL ON ECONOMIC GROWTH IN OIC COUNTRIES,” TAHGHIGHAT-E-EGHTESADI, vol. 43, no. 85, pp. 237–256, 2009, [Online]. Available: https://sid.ir/paper/12174/en

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