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Abstract

Economic growth refers to a rise in the production of goods and services by people, either in terms of quantity or quality. It plays a crucial role in determining the overall living standards of individuals. Therefore, in the absence of human capital or reduction of human capital in a country there will be non-performance of physical capital (such as tools, machinery, and equipment) which will delay economic growth and development in a nation. The objective of the study is to examine the effect of human capital flight on economic growth in the SubSaharan African (SSA) region. The technique adopted for this study is the Panel Corrected Standard Error Method. This method was employed because it controls for heteroscedasticity and auto correlation. The result revealed that there exist a direct relationship between net migration and economic growth in SSA. This shows that the net migration enhances economic growth in SSA region. Thus, net migration positively impact economic growth in the SSA region. Investment in education and training is important for SSA countries as it can aid individuals in improving their skills and progressing in their professions.

Keywords

Human capital flight, Economic growth, Net migration rate, Sub-Saharan Africa, Panel Corrected Standard error

Article Details

How to Cite
AKINOLA , A. T., AWOLAJA , O. G., & ONAKOYA , A. B. (2024). EFFECT OF HUMAN CAPITAL FLIGHT ON ECONOMIC GROWTH IN SUBSAHARAN AFRICA. JOURNAL OF ECONOMICS AND ALLIED RESEARCH, 9(1), 90–104. Retrieved from https://jearecons.com/index.php/jearecons/article/view/373

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