چکیده:
Investigating the causality relationship between human capital and economic growth in different countries can indicate whether human capital in a country is considered a consumer good without affecting economic growth, or if it is considered a capital good and has a significant impact on economic growth. This issue is of greater importance in resource-rich countries, especially oil-producing countries, and studies indicate a consumerist view of human capital in these countries. In this article, an attempt has been made to use the vector error correction method to test the short-term and long-term Granger causality between human capital and GDP growth with and without oil in Iran during the period 1961-2001 (1340-1380 SH). The results show that a two-way relationship exists between human capital and non-oil economic growth in both the short and long term; in other words, human capital has functioned as a capital good in this sector in the short and long term. This is while no short-term relationship is observed between economic growth and human capital; however, this relationship is two-way in the long term. In other words, human capital for the entire economy is a consumer good in the short term and turns into a capital good in the long term.
خلاصه ماشینی:
Investigating the Granger Causality Relationship between Human Capital and Economic Growth in Iran Dr. Abolghasem Mahdavi, Associate Professor of the Faculty of Economics, University of Tehran{o*o} Mohammad Amin Naderian, Senior Expert at the Institute for International Energy Studies{o**o} Received date: 2008/12/20 Accepted date: 2009/05/23 Pages: 287-309 Examining the causality relationship between human capital and economic growth in different countries can indicate whether human capital in a country is considered a consumption good without affecting economic growth, or if it is considered a capital good and has a significant impact on economic growth.
In this article, an attempt has been made to use the Vector Error Correction Model (VECM) to examine the short-term and long-term Granger causality test between human capital and Gross Domestic Product (GDP) growth with oil and without oil in Iran during the period 1340-1380 (SH).
A) In the studies conducted in this field in Iran, which are mentioned in the literature review section, long-term Granger causality between human capital and economic growth has been investigated using the Xiao method.
The results obtained in the two models above show that a two-way relationship between human capital and non-oil economic growth exists in both the short and long term.
Based on this, this article attempted to test the short-term and long-term Granger causality relationship between oil-based and non-oil economic growth and human capital in Iran during the years 1340-1380 using the Vector Error Correction Model.
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