The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries

Ferede Mengistie Alemu

doi:doi:10.11648/j.ijfbr.20220801.15

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The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries

Ferede Mengistie Alemu

Published in International Journal of Finance and Banking Research (Volume 8, Issue 1)

Received: 9 November 2021 Accepted: 14 December 2021 Published: 5 February 2022

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Abstract

Human capital development is a process of enhancing the level of human capital capacity through attaining school and provides incentive-based training. The study helps to analyze the interaction between governance, resource and human capital in the study area. To conduct this study panel data type from 2005-2018 has been used, the data obtained from the World Bank database and the Penn world database and for analysis, both descriptive and system GMM panel data analysis have been used. The main reasons enforce to conduct this study is to checkup whether the resource endowment and governance important for human capital? Results of this study show that except for lag of human capital and voice and accountability other variables like resource endowment, labor participation rate, foreign direct investment, rule of law, and regularity quality are statistically and negatively affected human capital development. Given these results, the researcher recommended as, a responsible bodies in sub-Saharan African countries should be attained on the expansion of FDI that has to be especially concentrated on the manufacturing sector; an institution for good governance first should develop than formulate good governance principles, and finally develop resource merit institution in the favor of human capital development.

Published in	International Journal of Finance and Banking Research (Volume 8, Issue 1)
DOI	10.11648/j.ijfbr.20220801.15
Page(s)	33-38
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

Human Capital, Development, Resource Endowment, System GMM Dynamic Panel Model, Sub-Saharan African Countries

References

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Ferede Mengistie Alemu. (2022). The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries. International Journal of Finance and Banking Research, 8(1), 33-38. https://doi.org/10.11648/j.ijfbr.20220801.15

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Ferede Mengistie Alemu. The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries. Int. J. Finance Bank. Res. 2022, 8(1), 33-38. doi: 10.11648/j.ijfbr.20220801.15

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AMA Style

Ferede Mengistie Alemu. The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries. Int J Finance Bank Res. 2022;8(1):33-38. doi: 10.11648/j.ijfbr.20220801.15

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@article{10.11648/j.ijfbr.20220801.15,
  author = {Ferede Mengistie Alemu},
  title = {The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries},
  journal = {International Journal of Finance and Banking Research},
  volume = {8},
  number = {1},
  pages = {33-38},
  doi = {10.11648/j.ijfbr.20220801.15},
  url = {https://doi.org/10.11648/j.ijfbr.20220801.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20220801.15},
  abstract = {Human capital development is a process of enhancing the level of human capital capacity through attaining school and provides incentive-based training. The study helps to analyze the interaction between governance, resource and human capital in the study area. To conduct this study panel data type from 2005-2018 has been used, the data obtained from the World Bank database and the Penn world database and for analysis, both descriptive and system GMM panel data analysis have been used. The main reasons enforce to conduct this study is to checkup whether the resource endowment and governance important for human capital? Results of this study show that except for lag of human capital and voice and accountability other variables like resource endowment, labor participation rate, foreign direct investment, rule of law, and regularity quality are statistically and negatively affected human capital development. Given these results, the researcher recommended as, a responsible bodies in sub-Saharan African countries should be attained on the expansion of FDI that has to be especially concentrated on the manufacturing sector; an institution for good governance first should develop than formulate good governance principles, and finally develop resource merit institution in the favor of human capital development.},
 year = {2022}
}

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TY  - JOUR
T1  - The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries
AU  - Ferede Mengistie Alemu
Y1  - 2022/02/05
PY  - 2022
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DO  - 10.11648/j.ijfbr.20220801.15
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
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AB  - Human capital development is a process of enhancing the level of human capital capacity through attaining school and provides incentive-based training. The study helps to analyze the interaction between governance, resource and human capital in the study area. To conduct this study panel data type from 2005-2018 has been used, the data obtained from the World Bank database and the Penn world database and for analysis, both descriptive and system GMM panel data analysis have been used. The main reasons enforce to conduct this study is to checkup whether the resource endowment and governance important for human capital? Results of this study show that except for lag of human capital and voice and accountability other variables like resource endowment, labor participation rate, foreign direct investment, rule of law, and regularity quality are statistically and negatively affected human capital development. Given these results, the researcher recommended as, a responsible bodies in sub-Saharan African countries should be attained on the expansion of FDI that has to be especially concentrated on the manufacturing sector; an institution for good governance first should develop than formulate good governance principles, and finally develop resource merit institution in the favor of human capital development.
VL  - 8
IS  - 1
ER  -

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Author Information

Ferede Mengistie Alemu

Department of Economics, College of Business and Economics, Debre Tabor University, Debre Tabor, Ethiopia

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Ferede Mengistie Alemu. (2022). The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries. International Journal of Finance and Banking Research, 8(1), 33-38. https://doi.org/10.11648/j.ijfbr.20220801.15

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ACS Style

Ferede Mengistie Alemu. The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries. Int. J. Finance Bank. Res. 2022, 8(1), 33-38. doi: 10.11648/j.ijfbr.20220801.15

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AMA Style

Ferede Mengistie Alemu. The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries. Int J Finance Bank Res. 2022;8(1):33-38. doi: 10.11648/j.ijfbr.20220801.15

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@article{10.11648/j.ijfbr.20220801.15,
  author = {Ferede Mengistie Alemu},
  title = {The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries},
  journal = {International Journal of Finance and Banking Research},
  volume = {8},
  number = {1},
  pages = {33-38},
  doi = {10.11648/j.ijfbr.20220801.15},
  url = {https://doi.org/10.11648/j.ijfbr.20220801.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20220801.15},
  abstract = {Human capital development is a process of enhancing the level of human capital capacity through attaining school and provides incentive-based training. The study helps to analyze the interaction between governance, resource and human capital in the study area. To conduct this study panel data type from 2005-2018 has been used, the data obtained from the World Bank database and the Penn world database and for analysis, both descriptive and system GMM panel data analysis have been used. The main reasons enforce to conduct this study is to checkup whether the resource endowment and governance important for human capital? Results of this study show that except for lag of human capital and voice and accountability other variables like resource endowment, labor participation rate, foreign direct investment, rule of law, and regularity quality are statistically and negatively affected human capital development. Given these results, the researcher recommended as, a responsible bodies in sub-Saharan African countries should be attained on the expansion of FDI that has to be especially concentrated on the manufacturing sector; an institution for good governance first should develop than formulate good governance principles, and finally develop resource merit institution in the favor of human capital development.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - The Effect of Resource Endowment and Governance on Human Capital Development of Sub-Saharan African Countries
AU  - Ferede Mengistie Alemu
Y1  - 2022/02/05
PY  - 2022
N1  - https://doi.org/10.11648/j.ijfbr.20220801.15
DO  - 10.11648/j.ijfbr.20220801.15
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 33
EP  - 38
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20220801.15
AB  - Human capital development is a process of enhancing the level of human capital capacity through attaining school and provides incentive-based training. The study helps to analyze the interaction between governance, resource and human capital in the study area. To conduct this study panel data type from 2005-2018 has been used, the data obtained from the World Bank database and the Penn world database and for analysis, both descriptive and system GMM panel data analysis have been used. The main reasons enforce to conduct this study is to checkup whether the resource endowment and governance important for human capital? Results of this study show that except for lag of human capital and voice and accountability other variables like resource endowment, labor participation rate, foreign direct investment, rule of law, and regularity quality are statistically and negatively affected human capital development. Given these results, the researcher recommended as, a responsible bodies in sub-Saharan African countries should be attained on the expansion of FDI that has to be especially concentrated on the manufacturing sector; an institution for good governance first should develop than formulate good governance principles, and finally develop resource merit institution in the favor of human capital development.
VL  - 8
IS  - 1
ER  -

Copy | Download