Does Resource Richness, and Good Governance Institution Are Grace for Human Capital Development in Sub- Saharan African Countries?

doi:10.7176/dcs/12-1-02

Abstract

Human capital development is acquiring of individuals competence via schooling and incentive-based training. To conduct this study panel data type from 2005-2018 and analysis dynamic panel model has been used. The study authenticated the grace of good institution and disgrace resource on human capital. The study verifying that good governance institution attributed by exercising power based on the principles and meritocracy is gracing human capital. But resource richness is not a guarantee to enhance human capital rather it is a means to ineptitude. Given that the researcher recommended as, a responsible bodies in sub-Saharan African countries should be sound institution that enhance good governance via formulate good governance principles, and develop resource merit institution in the favor of human capital development. Keywords: Human capital, governance, Resource, System GMM and sub-Saharan African countries. DOI: 10.7176/DCS/12-1-02 Publication date: January 31 st 2022

Highlights

Resource abundances are a means for human capital development
In line with result of [17] results of this study revealed that resource endowment has a negative and a significant effect on human capital development in sub Saharan African courtiers
As different empirical results authenticated, in any developing countries resource-abundant and good governance are considered as a grace of wheel for human capital

Summary

INTRODUCTION

Resource abundances are a means for human capital development. The natural resource is abased for progressive economic, human, and social capital development. The effect of natural resources on Economic growth in general and on human capital development in particular is indirect across countries. This is due to institutional dilemmas which manifested by Dutch disease, rent-seeking, and neglect of education investment. The long-term effect of resource booms on human capital in Ecuador by using panel data with application of the fixed-effect model show that Resource booms may shrink human capital accumulation These explosions can amplify the opportunity costs of education by favoring low-skill jobs, which makes it ideal for people to interrupt their education and its disclosure to the boom decreased college completion, increased low-skill occupations there will be a weak wealth accumulation

METHODOLOGY

AND DISCUSSION

Findings

CONCLUSION