Demographic externalities of human capital:evidence from Ban | 16754
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Demographic externalities of human capital:evidence from Bangladesh


Md. Mahfuzur Rahman,Md. Abdul Goni,Tapan Kumar Roy

The Industrial Revolution and the Demographic Transition are the two great forces that explain the upward march of modern economy. What is the general effect of increase in Human Capital Intensity (HCI) on major demographic factors? Despite the universal agreement on socio-economic return of Human Capital (HC), much less is known about the demographic return of HC. This study attempts to explore major demographic externalities of overall increase in HCI. This paper mainly utilizes the published data of International Labor Organization and United Nations. In this study, both bivariate and multivariate analyses have been performed. From this study, It is observed that, HCI is robustly associated with the productivity of the country. Our findings reveal that, a negative relation exists between HCI (PWSI) and Population Growth Rate, Total Fertility Rate, Crude Birth Rate and Crude Death Rate, and a positive correlation appears between HCI and Net Migration Rate. Formation of HC is very important in different aspects for a nation, as well as the individual. Every nation should emphasize HC formation for prosperity of the nation. Besides this, HC formation should also be stressed as an indirect measure of population control, which is very important for well-being of all nations.

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