Human Capital Public Investment and Economic Growth in the Philippines

Abstract

In this study, the impact of government investment in health and education on Philippine economic growth is examined. For the years 2000 through 2020, we utilize statistics data from the World Bank. We use a quantitative analysis method.This study used the Dynamic ARDL model. If there is a cointegration connection between the study variables, the dynamic ARDL simulation model can be applied. We discovered that investments in health and education have a significant influence on economic growth, as shown by the positive causal association between these investments and economic growth. Education and health are two vital factors that must be considered in economic development in the Philippines.