تلخیص
This aims to investigate the influence of human capital on economic development in Central Asia. For this purpose the study used panel data over the period 1999 to 2015 for the three Central Asian countries Kazakhstan, Kyrgyzstan and Tajikistan. The parameter of Gross Capital Formation is found positive and significant with every proxy of Human Capital while the parameter of Secondary Education (Pupils) and Secondary Education, (General Pupils) are positive and significant and the parameters of Health Expenditure, Secondary Education (Vocational Pupils) and Education Expenditure are found positive but insignificant. The study concluded that human capital in all forms affecting the economic development of Central Asian countries. This study further concluded that there exist a long run equilibrium among these variables, which means that all these variables influence economic development in Central Asia in the long run. The countries of Central Asia must invest in both physical and human capital, because both are important for one another as well as for achieving the higher level of economic development.
Zia Ur Rehman, Muhammad Tariq, Muhammad Azam Khan. (2018) The Role of Human Capital in Economic Development in the Selected Central Asian Countries , The Dialogue, Volume 13, Issue 3.
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