10.71735/amc.2023.5528

Evaluation of the Effect of Financial Development and Human Capital on Gross Domestic Product Growth

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  • Tayebeh Shahriyari1,
  • Somayeh Shokravi*1,
  • Ali Asghar Lotfi2,
  1. Department of Management and Accounting, Islamshahr Branch, Islamic Azad University, Islamshahr, Iran
  2. Department of Economics, Islamic Azad University, Islamshahr branch, Islamshahr

Revised: 2023-01-05

Accepted: 2023-05-05

Published in Issue 2023-06-01

How to Cite

Shahriyari, T., Shokravi, S., & Lotfi, A. A. (2023). Evaluation of the Effect of Financial Development and Human Capital on Gross Domestic Product Growth. Agricultural Marketing and Commercialization, 7(1), 106-118. https://doi.org/10.71735/amc.2023.5528
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Abstract

The present research sought to evaluate the impact of financial development and human capital on gross domesticproduct (GDP) growth. A descriptive and correlational study was conducted. Data collection was done using the WorldBank and the International Monetary Fund data to analyze the relationship between variables. Post-event (semiexperimental) research design was applied. The current research pursued a library, analytical-causal study based onpanel data analysis. The statistical population consisted of all oil-producing countries as a case study from 2006 to2020. Ten oil-producing countries were selected as the statistical sample. The results revealed that human capitalpositively and significantly affect the GDP growth of oil-producing countries. Also, a significant correlation wasobserved between financial development and GDP growth of oil-producing countries.
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