Abstract
There is massive and growing volume of literature on human capital and productivity. However, there is little emphasis on the growth channels of human capital, particularly on women’s empowerment, despite its theoretical underpinning and relevance in the Southern African Development Community (SADC). Understanding the effective channels of human capital is essential for policymakers in promoting sustainable growth and improved welfare. Given this, the study examines the effect of women’s empowerment through the ‘factor accumulation channel’ and the ‘productivity channel’ on SADC using cross-sectionally augmented autoregressive distributed lag (CS-ARDL) and the Dumitrescu–Hurlin non-causality test. Evidence from short- and long-run effects using the CS-ARDL shows that the factor accumulation and productivity channels of women’s empowerment have not benefited productivity growth in the SADC, although causality flows from the human capital indicators to productivity growth. The vital way for policy to boost productivity in SADC is to improve investment in female education and ensure that human capital is appropriately distributed and matches the economy’s dynamic demands. Based on the findings, the study suggests developing a framework to ascertain from time to time the marginal benefits of investment in female education compared to the marginal costs, both at the levels of the factor accumulation channel and the productivity channel in SADC.
Subject
Finance,Economics and Econometrics,Accounting,Business, Management and Accounting (miscellaneous)
Reference34 articles.
1. African Development Bank (2022, May 31). African Economic Outlook. Available online: https://www.afdb.org/en/documents/african-economic-outlook-2022.
2. A model of growth through creative destruction;Econometrica,1992
3. Asaleye, Abiola John, Babajide, Abiola Ayopo, Inegbedion, Henry, Eluyela, Damilola Felix, Lawal, Adedoyin Isola, and Maimako, Rotdelmwa Filibus (2022a). Implications of accountability on employment and income: Evidence from Nigerian’s deposit banks. Journal of Accounting in Emerging Economies,
ahead-of-print
.
4. Trade openness channels and labour market performance: Evidence from Nigeria;International Journal of Social Economics,2021
5. Macroeconomic Reforms and Labour Market Performance: Evidence from Nigeria;Montenegrin Journal of Economics,2022b
Cited by
4 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献