The Effects of Economic Growth, Investment and Human Capital on the Structural Changes in ASEAN Countries: A Dynamic Panel Model

Abstract

The prime objective linked with this research is to examine the impact of economic growth, investment and human capital on the structural changes in ASEAN countries. The data were extracted from the database of World Bank from 2001 to 2017 and logistic model has been employed to test the hypotheses. The results revealed that significant economic growth, high level of investment and skilled human capital have positive effects of the changes of structure in the ASEAN countries. These findings give the insight to the managers and policy developers that they should focus on these essential elements such as human capital, investment, and economic growth that enhance the structural improvement of the nation.