Human Capital and Economic Growth

This report thoroughly reviews existing literature in the field of human capital. A rationale has been presented along with seven questions the reviewed literature aims to answer by analytically comprehending an extensive range of relevant research papers and articles categorised into multiple sections followed by the summary and research gap. Since all existing work presents a strong argument in favour of the importance of maximizing the potential of human capital through various forms of investment, this paper seeks to understand whether there is a direct relationship shared by the economic growth and the quality of human capital in the economy. A multiple regression model has been deployed for this purpose and has been applied to data collected from World Bank.