Acta Universitatis Danubius. Œconomica, Vol 15, No 4 (2019)

Abstract

The study investigated the impacts of human capital and  capital goods import on the economic growth of the SSA. 30 countries were used in the Panel- ARDL analysis where economic growth is the dependent variable and capital goods import, human capital, primary export, investment exchange rate, among others were used as the independent variables. The result from the panel analysis indicates that capital goods import significantly and positively influence economic growth but human capital fails to have significant positive impact on economic growth of the SSA. Earlier, the trend analysis and the correlation results have shown that there is a weak association between capital goods import and human capital in the SSA. The results offer an expository analysis that reveals that the quality of the human capital is very germane to the effective utilization of capital goods import for purpose of growth in a primary goods export dominated region like the SSA.