The Impact of Human Capital and Business Environment on the Economic Growth of Iran's Provinces

Subject Areas : Labor and Demographic Economics

fazel qorbani ¹ , ahmad sarlak ² , Golamali Haji ³

1 - PhD Student in Economics, Arak Branch, Islamic Azad University, Arak, Iran
2 - Assistant Professor, Department of Economics, Arak Branch, Islamic Azad University, Arak, Iran
3 - Assistant Professor, Department of Economics, Arak Branch, Islamic Azad University, Arak, Iran

Received: 2019-05-04 Accepted : 2020-06-10 Published : 2020-08-22

Keywords: Economic Growth, O47, Business environment, JEL Classification: O15, Generalized method of moments, Iran's provinces, C33. Keywords: Human Capital,

Abstract :

The purpose of this study is to investigate the impact of human capital and business environment on the economic growth of thirty provinces of Iran by Generalized Method of Moments using panel data during 2010-2016. The results showed that human capital and business environment had a positive and significant effect on the economic growth of the provinces of the country, but human capital had more effect on the economic growth of the provinces than other variables. Based on the results, it is suggested that economic planners and policymakers strengthen the quality level of human capital and business competition environment.