Foreign Trade, Human Capital and Economic Growth: Evidence from Asian Countries

Abstract

In spite of the wave of liberalizations undertaken during the last 30 years but debate on the relationship between trades, human capital and economic growth is still open. This study aims to study the effect of foreign trade and human capital on economic growth of Asian countries using panel data in the period 2014-1999. The results show that, trade and import in Asian countries have a significant and positive effect on economic growth. Also most of the components of human capital have had a positive effect on economic growth, but other variables not had a significant effect on economic growth.