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EconStor
Article . 2020
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Human capital and economic growth in Greece: Evidence from the Toda-Yamamoto approach

Authors: Garafas, Georgios; Sotiropoulos, Ioannis; Georgakopoulos, Georgios;

Human capital and economic growth in Greece: Evidence from the Toda-Yamamoto approach

Abstract

The current article attempts to investigate the causal relationship between human capital and economic growth in postwar Greece. For this purpose, we use annual time series data from 1952 to 2017 retrieved from the Penn World Table (PWT) version 9.1 and we apply the Toda -Yamamoto (1995) approach. Our findings indicate a one-way causality that runs fromhuman capital to economic growth. This is consistent with proposals that the Greek government, despite budget cuts due to the recent fiscal financial crisis, should focus its efforts on the development of human capital in order to achieve sustainable economic growth.

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Keywords

Human Capital, Greece, ddc:330, Economic Growth, O40, I25, Toda-Yamamoto Approach, Human Capital, Economic Growth, Toda-Yamamoto Approach, Greece, C22

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
gold