The Relationship Between Human Capital and MBA Education: The Case of Turkey

Aras, Osman Nuri and Öztürk, Mustafa (2017): The Relationship Between Human Capital and MBA Education: The Case of Turkey. Published in: Journal of Management, Economics, and Industrial Organization , Vol. 1, No. 2 (1 September 2017): pp. 45-62.

Abstract

Human capital is one of the most important source for economic development and economic progress in a country. Of course, the quality of human capital will be determinative of the economic development and economic progress. Education, on the other hand, is the most important and the initial step in improving the quality of human capital and in achieving a sufficient level of qualification regarding human capital. Today, undergraduate education programs, especially Master of Business Administration (MBA) programs, make a greater contribution in upgrading the quality of the human capital. MBA programs have become widespread in Turkey as well as in many countries around the world. There is a necessity of measuring the quality level of human capital which is provided by the education especially, MBA programs. Within the framework of this necessity, in this article, it is aimed to measure the level of contribution of MBA programs to human capital in Turkey. According to the results of the study, there is a statistically significant relationship between economic performance and the quality of human capital obtained through MBA education. However, according to another result of the study, the effect of MBA education on the level of disposable personal income takes time. Moreover, more effort to increase the awareness of the public and private institutions about the contribution of MBA education to human capital is needed.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economic Development, Human Capital, Social Capital, Education, MBA Programs.
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General; I - Health, Education, and Welfare > I2 - Education and Research Institutions > I23 - Higher Education ; Research Institutions; I - Health, Education, and Welfare > I2 - Education and Research Institutions > I25 - Education and Economic Development; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development

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