Does Human Capital Support Green Economic Growth? A Panel Data Analysis For The Nordic Countries

Authors : Cuma Demirtaş

Pages : 22-40

View : 54 | Download : 44

Publication Date : 2025-03-26

Article Type : Research Paper

Abstract :This study examines the impact of human capital on green economic growth in Nordic countries (Denmark, Iceland, Finland, Sweden, and Norway) from 2010 to 2022 using the panel data method, considering different education levels. The effect of human capital is low but complex. Country-specific findings indicate that primary and secondary education positively influence green growth in Sweden, while only primary education has a positive impact in Finland and Norway. Conversely, primary and secondary education in Denmark and secondary education in Iceland and Norway negatively affect green growth. Panel results reveal that only higher education has a significant negative impact. Internet usage, included as a control variable, generally has a positive effect. The impact of renewable energy varies; it is positive in Denmark and Finland but negative in other countries and at the panel level. Financial development is found to have a negative impact across all groups.This study contributes to the literature by analyzing the relatively underexplored role of human capital in green economic growth within Nordic countries, which are globally recognized for their strong education systems.
Keywords : Beşeri Sermaye, Yeşil Ekonomik Büyümeye, Teknolojik Gelişme, Nordic Ülkeleri

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