Human Capital, Trade and Economic Growth in Laos.pdf

1、This paper discusses the effect of human capital and trade on economic growth in Laos.To develop all sectors and improve the standard of living of the, the human capital is reallyneeded to be involved.Trade is the exchan

2、ge of goods and services across border regionallyor internationally.Both trade and human capital really play important and strong role tocontribute the economic development for the whole country.Human capital, because of

3、 itsspecial role in innovative activity and technological progress, has formed the bedrock of thenew theories of endogenous growth.Human capital, however, not only serves as an engine ofgrowth, but also as a productive i

4、nput along with labor and physical capital.Likewise, thehuman capital also promotes and increase trade between one country and another countryacross the globe.In this study, we distinguish between these the roles of huma

5、n capital, therole of trade and the interaction between trade and human capital, on the economic growth inLaos.Empirical studies find that the relationship between growth and the external effects ofhuman capital is signi

6、ficant and positive.The relationship between trade and economicgrowth is also found to be significant and positive.Likewise, Empirical research alsosuggests that there exists the complementary effect between trade and hu