The Impact of Investment in Human Capital on Economic Growth in Saudi Arabia: A Panel Data Study for the Period 2000-2022
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Abstract
This study aims to measure the impact of investment in Saudi human capital on economic growth in the Kingdom of Saudi Arabia during the period 2022-2000. and This is thanks to learning the determinants of investment in the human capital that lives on economic growth in the Kingdom of Saudi Arabia, taking money into account and knowing which elements suffer from deficiencies, using both descriptive and measurement applications. This was revealed through the use of government spending on education. Unemployment rate, and inflation rate as independent variables, and economic growth represented by GDP as a dependent variable. The researcher tested two models, and found that the best model includes the following independent variables: government spending on education and inflation rate. The results of the model indicate that all variables are statistically significant. The model also suggests that there is a positive relationship between government spending on education, inflation, and GDP.
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