Human Capital as a Determinant Factor in Leveraging Research and Development (R&D) Investment for Economic Growth.
DOI:
https://doi.org/10.29105/trendinomics.v1i1.5Keywords:
Research and Development Investment, Economic Growth, Human Capital, PCSE, Solow-SwanAbstract
Human capital is essential for optimizing R&D investment and fostering economic growth, especially in developing economies. South Korea exemplifies the positive impact of robust R&D investment combined with strong human capital. This study analyzed data from seven emerging and developing countries (classified by the IMF) using the Solow growth model (Solow-Swan, 1956). After detecting heteroskedasticity, PCSE was applied to ensure result accuracy. Findings confirm that human capital development is key for these countries to capitalize on R&D and achieve sustained economic growth.
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Copyright (c) 2025 Fanny Abisai López Cardona, Daniel Aarón Delgado Blanco, Miriam Shaday García Rosas, Daniela Alessandra Rivera Mendoza, Melissa Monserrath Treviño Guerrero
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