Human capital in urban management
H. Izadkhasti
Abstract
BACKGROUND AND OBJECTIVES: Differences in the fundamental factors of production and technology are cited as the reason for the disparity in growth rates by primary research. Improving the quality of human capital through education, the quality of institutions such as the public policies and innovation ...
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BACKGROUND AND OBJECTIVES: Differences in the fundamental factors of production and technology are cited as the reason for the disparity in growth rates by primary research. Improving the quality of human capital through education, the quality of institutions such as the public policies and innovation play an important role in economic growth. Also, technological innovation creates circumstances for any region to extract more value from limited resources to support sustainable economic growth. In this study, the effect of human capital, institutional quality, and innovation are investigated on regional gross domestic product per capita in oil-exporting countries. Moreover, the effect of institutional quality has been investigated on the regional gross domestic product through government consumption expenditures.METHODS: The panel data method is used to investigate the effect of human capital, institutional quality, and innovation on regional gross domestic product per capita from 2011 to 2021. The Levin-Lin-Chu test was employed to determine the reliability of the variables. The panel cointegration are used to ensure the existence of long-term relationship between the dependent variable and the independent variables. In order to select the pooling and panel method, Flemer's test was used, and Hausman's test was used to select fixed and random effects methods. Also, statistical and econometric analysis is done with Stata17.0 software.FINDINGS: The results of the random effects method in the first and the second models indicated that the human capital index has had a positive and significant effect on gross domestic product per capita at the level of 1% and its coefficient are 0.878 and 0.905, respectively. So, human capital improvement facilitating the absorption of technology, and boosting the productivity of production factors and increases economic growth. Also, the institutional quality has had a positive and significant effect on gross domestic product per capita at the 1% level in the first model and its coefficient is 0.182. Moreover, the coefficient of interaction effects of institutional quality and government consumption expenditure in second model is 0.073 and is statistically significant at the 1% level. According to this, Institutional quality shape the economic environment of countries and improves the economic performance. The Innovation index has had a positive and significant effect on gross domestic product per capita at the level of 1% and its coefficient in the first and the second models are 0.324 and 0.331, respectively. Therefore, strengthening the innovation system expanding the supply of new products and services.CONCLUSION: The results indicate that, growth rate of gross domestic product per capita averaged at 2.12% over the sample period with standard deviation of 3.66 among the selected oil-exporting countries. Based on the results, improving the human capital through education and the acquisition of diverse skills have led to an increase in gross domestic product per capita at the level of 1%. In addition, the institutional quality limit government spending and direct financial resources towards healthy investments. According to this, institutional quality has increased regional gross domestic product through government consumption expenditures at the level of 1%. In addition, improving the system of innovation by maximizing the use of existing resources and boosting productivity has increased production.
Urban ecology and related environmental concerns
M. Batool; Y. Jehan; N. Hayat
Abstract
Environmental pollutants have become a dreadful problem and burning issues for the present world irrespective of a country who is responsible for it. The objective of the study is to investigate impact of financial development and institutional quality on environmental degradation. The study is based ...
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Environmental pollutants have become a dreadful problem and burning issues for the present world irrespective of a country who is responsible for it. The objective of the study is to investigate impact of financial development and institutional quality on environmental degradation. The study is based on panel data for developing and developed countries over the time of 1996-2016. For the empirical analysis fixed effect and the random effect is carried out. Results show that institutional quality, economic growth, foreign direct investment, gross primary enrolment, and industrial growth have significant positive effect on corban emissions whereas financial development, population growth, trade openness, urban population and R&D expenditures have significant negative effect on corban emissions. One percent point increase in the index of institutional quality leads towards 0.006 percent points increase in the level of CO2 emissions. One percent point increase in the economic growth lead to increase the CO2 emissions by 0.39 percent points. One percent point increase in inflows of foreign direct investment increase the level of CO2 emissions by 0.016 percent points. One percent point increase in industrial growth leads to a 0.38 percent points increase in the level of CO2 emissions. Furthermore, one percent point increase in the index of financial development leads to 0.05 percent points decrease in the level of CO2 emissions. One percent point increase in urban population leads to almost 0.05 percent points fall in the level of CO2 emissions. Finally, one percent point rise in R&D expenditures leads to decrease in the level of CO2 emissions by 0.068 percent points.