Contrary to Malthus, economic growth has not been eliminated by population growth. The second approach looks at human capital as an input factor in the production function and points to the accumulation of human capital as the main factor driving economic growth. Bils & Klenow [7] claimed that the role of human capital is exaggerated, and the actual impact is not significant. (2) At the niicroeconomic level, differences in indi-vidual human capital stocks and in their growth can explain much of the observed variation in the wage structure and. Concretely , the specialization of a country in technologically advanced activities improves the impact (positive ) of human capital on economic growth (Silva and Teixeira, 2012). The application of the human capital concept to economic growth and Human Capital, Ideas, and Economic Growth 2 In either simple or multivariate regressions of the growth rate of out-put on the growth rate of the human capital stock, the human capital stock appears with a negative coe cient. Indeed, spatial and temporal patterns of the "demographic transition" appear to be congruent with economic growth. Can play a major role in economic growth and cross-country income di erences. Human capital also has indirect effects namely via interaction with the productive structure of countries . “Just as accumulation of personal human capital produces individual economic (Income) growth, so do the corresponding social or national aggregates. INTRODUCTION Human capital is recognized as an agent of national development in all countries of the world. Keywords: Human capital, economic growth, panel model. Human capital theory is the basis of much of labor economics and plays an equally important role in macroeconomics. The impact of human capital on economic growth: a review Rob A. Wilson, Geoff Briscoe Empirical analysis of human capital development and economic growth in European regions Hiro Izushi, Robert Huggins Non-material benefits of education, training and skills at a macro level Andy Green, John Preston, Lars -Erik Malmberg However, the question of just how to measure a nation’s stock of human capital is an unresolved issue in empirical growth research. Human capital is a link which enters both the causes and effects of these economic-demographic changes. of economic growth. Mankiw, Romer, and Weil [1992] kindled interest in empirically testing a Solow model that included human capital. In this brief, clear, and forthright eBook original, Lindsey shows how economic growth is creating unprecedented levels of human capital--and suggests how the huge benefits of this development can be spread beyond those who are already enjoying its rewards. The concept of human capital holds an important place in the theory of economic growth. Key Words: Human capital, Economic Growth, Nigeria. Introduction There is a large body of literature, that has revealed that one of the most important factors of economic growth is human capital (Riley, 2012 Lucas, 1988, Mankiw et al., 1992, De la Fuente and Doménech, 2000, 2006) with regard On the contrary, some scholars argue that human capital has no promoting effect on labor productivity [6]. Which factors a ect human capital investments and how these in uence the process of economic growth and economic development. in the personal distribution of income. 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