The effect of human capital on total factor productivity growth in the Arab Gulf Cooperation Council countries
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This study is based on the understanding that economic growth in the long run can be achieved not only by increasing accumulation of capital and labor, but also through a sustained growth in total factor productivity (TFP). Therefore, knowledge of factors that explain TFP growth is important in explaining economic growth in the long run. Previous studies emphasize that in general education and health have very important effects on TFP growth, but the effects of these factors have not been widely studied in the AGCC countries. The first step in understanding the problem is to estimate TFP growth ...