Does Resource Richness, and Good Governance Institution Are Grace for Human Capital Development in Sub- Saharan African Countries?

Abstract

Human capital development is acquiring of individuals competence via schooling and incentive-based training. To conduct this study panel data type from 2005-2018 and analysis dynamic panel model has been used. The study authenticated the grace of good institution and disgrace resource on human capital. The study verifying that good governance institution attributed by exercising power based on the principles and meritocracy is gracing human capital. But resource richness is not a guarantee to enhance human capital rather it is a means to ineptitude. Given that the researcher recommended as, a responsible bodies in sub-Saharan African countries should be sound institution that enhance good governance via  formulate good governance principles, and develop resource merit institution in the favor of human capital development.

Keywords:Human capital, governance, Resource, System GMM and sub-Saharan African countries.

DOI: 10.7176/DCS/12-1-02

Publication date: January 31^st 2022