The role of human capital development in the economic growth of Togo
by Somiyabalo Antoine Batcha
African J. of Economic and Sustainable Development (AJESD), Vol. 1, No. 4, 2012

Abstract: The absolute neglect of human capital development for over five decades now has led to widespread poverty and steady decline in the economic growth of Togo. This paper identified the correlation between human capital per worker and gross domestic product (GDP) per worker and examined whether human capital accumulation or total factor productivity is the engine driving growth in Togo from 1960 to 2010. Assuming a Cobb-Douglas production function, regression has been undertaken using EViews 6 and growth accounting has been computed. The main findings are that only labour force is the engine driving growth in Togo, hence growth in Togo is not explained by factors accumulation. In addition, an increase of 100% in the human capital stock per worker will lead to 71% increase in the output per worker. Appropriate human development enhancing inclusive and sustainable growth policy should be formulated.

Online publication date: Thu, 31-Jul-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the African J. of Economic and Sustainable Development (AJESD):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com