In this article, we inspected the impact of human capital on economic growth by estimating a Cobb-Douglas model for G-7 countries during (1950-2018). Our results show that, human capital has a positive impact on economic growth in the long-run with a contribution of 0.44% whereas evidence is only found for physical capital for the short-run. While the current data for G-7 with the application of pmg reveals that tfp was insignificant.
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Author Name: Berna Balc? ?zgi, Hande Karada?, Ertan Beceren
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Keywords: Human C apital, Cobb - Douglas Production F unction, G rowth, PMG
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EISSN: 2717-9230
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