The role of Economic growth and Human capital in economic development - the case of Bangladesh

Bc. Sakhawat Hossain, BBA

Master's thesis

Abstract:

Human capital is a critical component of economic development and prosperity in every country. A causal link between human capital development and economic growth is established in this work through empirical evaluation. OLS, Johansson co-integration, and unit root tests are used in this research. This study considered growth in the GDP per capita, public expenditure on education and health and life expectancy, secondary school enrollment, primary school enrollment, and tertiary school enrollment were proxies for economic growth. The study found a substantial link between the increase of human capital and the expansion of economic activity. In this model, life expectancy is shown to be the most significant variable since it significantly impacts Bangladesh's economic growth. In recent years, tertiary education has had a more significant impact on the economy than secondary education. Efforts should be made to implement policies that will lead to overall economic growth. The country's health care and education budgets must be well-managed to benefit from high-quality services and a high-quality educational system.

Keywords

Economic Growth, GDP, Primary School Enrolment, Public Expenditure on Education and Health, Human Capital, Life Expectancy

Language used: English

Date on which the thesis was submitted / produced: 31. 3. 2022

Thesis defence

• Supervisor: doc. Ing. Irena Benešová, Ph.D.
• Reader: Monika Hrstková, externi

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / field:
Economics and Management / Economics and Management