Does human capital investment influence unemployment rate in Bangladesh: a fresh analysis
This study looks at how Bangladesh's human capital investment has affected unemployment from 1995 to 2019. To identify the study's unit root, we employed the ADF and PP tests. The short- term and long-term impacts of human capital investment on unemployment are estimated using the Autoregr...
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| Format: | Article |
| Language: | English |
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AIMS Press
2022-09-01
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| Series: | National Accounting Review |
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| Online Access: | https://www.aimspress.com/article/doi/10.3934/NAR.2022016?viewType=HTML |
| _version_ | 1797962633395044352 |
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| author | Mahinur Begum Mimi Md. Ahasan Ul Haque Md. Golam Kibria |
| author_facet | Mahinur Begum Mimi Md. Ahasan Ul Haque Md. Golam Kibria |
| author_sort | Mahinur Begum Mimi |
| collection | DOAJ |
| description | This study looks at how Bangladesh's human capital investment has affected unemployment from 1995 to 2019. To identify the study's unit root, we employed the ADF and PP tests. The short- term and long-term impacts of human capital investment on unemployment are estimated using the Autoregressive Distributive Lag (ARDL) model. The presence or absence of cointegration is assessed using the ARDL bound cointegration test. The Pairwise Granger Causality test, in contrast, is used to ascertain whether there exist causal relationships between variables. The study's findings demonstrate that government health spending on human capital has a significant impact on Bangladesh's long-term unemployment rate. Government spending on education and the unemployment rate are causally related in a single direction, according to the Pairwise Granger test. In the short term, the analysis showed no discernible relationship between human capital investment and unemployment rates. To build a healthy nation and eventually lower Bangladesh's unemployment rate, it is urged that the government should increase health spending and strengthen the health sector. To connect education with employment, the government may give vocational and career-focused education equal weight with general education. |
| first_indexed | 2024-04-11T01:17:21Z |
| format | Article |
| id | doaj.art-66467cd1387f418f94ba0a6f93f2f37f |
| institution | Directory Open Access Journal |
| issn | 2689-3010 |
| language | English |
| last_indexed | 2024-04-11T01:17:21Z |
| publishDate | 2022-09-01 |
| publisher | AIMS Press |
| record_format | Article |
| series | National Accounting Review |
| spelling | doaj.art-66467cd1387f418f94ba0a6f93f2f37f2023-01-04T02:02:30ZengAIMS PressNational Accounting Review2689-30102022-09-014327328610.3934/NAR.2022016Does human capital investment influence unemployment rate in Bangladesh: a fresh analysisMahinur Begum Mimi 0Md. Ahasan Ul Haque1 Md. Golam Kibria 2Department of Economics, Noakhali Science and Technology University, Noakhali-3814, BangladeshDepartment of Economics, Noakhali Science and Technology University, Noakhali-3814, BangladeshDepartment of Economics, Noakhali Science and Technology University, Noakhali-3814, BangladeshThis study looks at how Bangladesh's human capital investment has affected unemployment from 1995 to 2019. To identify the study's unit root, we employed the ADF and PP tests. The short- term and long-term impacts of human capital investment on unemployment are estimated using the Autoregressive Distributive Lag (ARDL) model. The presence or absence of cointegration is assessed using the ARDL bound cointegration test. The Pairwise Granger Causality test, in contrast, is used to ascertain whether there exist causal relationships between variables. The study's findings demonstrate that government health spending on human capital has a significant impact on Bangladesh's long-term unemployment rate. Government spending on education and the unemployment rate are causally related in a single direction, according to the Pairwise Granger test. In the short term, the analysis showed no discernible relationship between human capital investment and unemployment rates. To build a healthy nation and eventually lower Bangladesh's unemployment rate, it is urged that the government should increase health spending and strengthen the health sector. To connect education with employment, the government may give vocational and career-focused education equal weight with general education.https://www.aimspress.com/article/doi/10.3934/NAR.2022016?viewType=HTMLhuman capitalunemploymenthealth expenditureeducational expenditure |
| spellingShingle | Mahinur Begum Mimi Md. Ahasan Ul Haque Md. Golam Kibria Does human capital investment influence unemployment rate in Bangladesh: a fresh analysis National Accounting Review human capital unemployment health expenditure educational expenditure |
| title | Does human capital investment influence unemployment rate in Bangladesh: a fresh analysis |
| title_full | Does human capital investment influence unemployment rate in Bangladesh: a fresh analysis |
| title_fullStr | Does human capital investment influence unemployment rate in Bangladesh: a fresh analysis |
| title_full_unstemmed | Does human capital investment influence unemployment rate in Bangladesh: a fresh analysis |
| title_short | Does human capital investment influence unemployment rate in Bangladesh: a fresh analysis |
| title_sort | does human capital investment influence unemployment rate in bangladesh a fresh analysis |
| topic | human capital unemployment health expenditure educational expenditure |
| url | https://www.aimspress.com/article/doi/10.3934/NAR.2022016?viewType=HTML |
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