Evaluation of the Effect of Financial Development and Human Capital on Gross Domestic Product Growth

Subject Areas : Agriculture Marketing and Commercialization

Tayebeh Shahriyari ¹ , Somayeh Shokravi ² , Ali Asghar Lotfi ³

1 - Department of Management and Accounting, Islamshahr Branch, Islamic Azad University, Islamshahr, Iran
2 - Department of Management and Accounting, Islamshahr Branch, Islamic Azad University, Islamshahr, Iran
3 - Department of Economics, Islamic Azad University, Islamshahr branch, Islamshahr

Received: 2023-01-05 Accepted : 2023-05-05 Published : 2023-06-01

Keywords: Human Capital, Financial Development, gross domestic product growth, oil-producing countries,

Abstract :

The present research sought to evaluate the impact of financial development and human capital on gross domesticproduct (GDP) growth. A descriptive and correlational study was conducted. Data collection was done using the WorldBank and the International Monetary Fund data to analyze the relationship between variables. Post-event (semiexperimental) research design was applied. The current research pursued a library, analytical-causal study based onpanel data analysis. The statistical population consisted of all oil-producing countries as a case study from 2006 to2020. Ten oil-producing countries were selected as the statistical sample. The results revealed that human capitalpositively and significantly affect the GDP growth of oil-producing countries. Also, a significant correlation wasobserved between financial development and GDP growth of oil-producing countries.

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