Affiliations:
1LEZINRU Laboratory, Faculty of Economic, Commercial and Management Sciences, Mohamed Elbachir Elibrahimi University, Bordj Bou Arreridj, Algeria
2Department of Business Administration, College of Business, Jouf University, Tabarjal, Saudi Arabia
3Department of Economics, Applied College, King Faisal University, Al-Ahsa, Saudi Arabia
4Department of Finance, College of Business Administration in Hawtat Bani Tamim, Prince Sattam Bin Abdulaziz University, Hawtat Bani Tamim, Saudi Arabia
The human capital theory explains economic growth through the accumulation of knowledge among individuals. This study focuses on the effect of human capital on economic growth in the Middle East and North Africa (MENA) region. It applies the total production function, which includes traditional growth factors such as labor and physical capital, along with health and education indicators that represent human capital based on modern growth theories. Using panel data from 2004 to 2020, the study empirically examines how education and health, as measures of human capital, affect economic growth in MENA countries. The main finding is that human capital has a slightly positive effect on economic growth in the region, mainly due to inefficiencies in its use.
Human capital, Economic growth, MENA region, Education, Health
https://doi.org/10.21833/ijaas.2025.11.025
Gaidi, K., Bentoumi, I., Amin, Y. S. A., Tayfor, A. E., & Ali, M. A. (2025). The impact of human capital investment on economic growth: A panel data analysis of MENA countries. International Journal of Advanced and Applied Sciences, 12(11), 268–276. https://doi.org/10.21833/ijaas.2025.11.025