11th Business & Management Conference, Dubai

HUMAN CAPITAL AND ECONOMIC GROWTH IN EGYPT

MERNA MOHAMED ESMAT HEFNAWI, HEBATALLAH GHONEIM

Abstract:

The role that human capital plays in the economic growth of the countries has been an ongoing debate through the last two decades and has shown various empirical results over this period. This study aims is to analyze and investigate the magnitude of relationship between human capital and the economic growth in Egypt since the Egyptian population has exceeded 96 million which shows that human capital is one of the most important resources Egypt has. This raises an important question which is; how this high population can contribute in the economic development of the Egyptian economic system and achieve the desired economic growth?. To investigate this question, two models are examined; a macroeconomics model in addition to a microeconomics model. The results of this study help evaluating the government education and health expenditure policies, giving recommendations for successful social policies, and providing a direction for the needed investments in Egypt.

Keywords: Economic Development, Economic Growth, Education, Egypt, Experience, Health, Human Capital Earnings Model, Human Capital, Income Distribution, Solow Growth Model

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