Bayesian versus Classical Econometric Inference to Revisit the Role of Human Capital in Economic Growth

Table 1

Summary of the studies.

Variables and relationship	Studies
Education capital directly affects economic growth	Barro [14]; Aghion et al. [15]; Hosoya [16]; Rahman [17]; Khattak [18]; Ohwofasa et al. [19]; Islam [20]
Education capital adversely affects economic growth	Nurudeen and Usman [21] and Gungor [22]
Health capital directly affects economic growth	Beraldo et al. [23]; Peykarjou et al. [24]; Ozturk and Topcu [25]
Health capital adversely affects economic growth	Aka and Dumant [26]
Physical capital adversely affects economic growth	Abbas and Foreman [27]