Role of Human Capital, Information Communication Technology and Financial Development in Determining Economic Growth of Selected Asian Economies

Abstract

Our research makes an effort to highlight the role of human capital, information communication and technology and financial development in increasing economic growth of Asian economies based on panel data of eight Asian nations. We have used GDP per capita as the dependent variable.  The authors have used the random effect technique to check how human capital and information communication technology with other factors lead to enhanced growth. The study results point out that human capital, information communication and technology, and financial development increase economic growth in the concerned nations. Moreover, the urban population is also significantly increasing economic growth.  It is suggested that Asian countries must improve their educational and financial systems for more growth and development. Moreover, there is a need to provide more financial services to make better the financial system for high growth.