THE IMPACT OF FOREIGN AND NATIVE HUMAN CAPITAL ON TURKEY'S ECONOMIC GROWTH

Abstract

In this study, the impact of human capital on Turkey's economic growth during 2003-2021 was investigated. For this purpose, the effects of native and foreign labor are examined separately within the framework of the Cobb-Douglas production function. The Johansen cointegration method was used for the analysis. The results of the estimation of the long-run model show that both foreign and native labors have a positive effect on economic growth, with the effect of native labors being larger than the effect of foreign labor. Both native and foreign labor play an essential role in creating the right background for Turkey's economic growth, so native and foreign labor should be used to increase productivity and production.