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

Journal of Management, Economics, and Industrial Organization, Vol. 1, No. 2, 2017, pp. 45-62. doi: 10.31039/jomeino.2017.1.2.4

18 Pages Posted: 6 Sep 2017 Last revised: 17 Oct 2018

See all articles by Osman Nuri Aras

Osman Nuri Aras

Nile University of Nigeria

Mustafa Öztürk

International Trade

Date Written: September 1, 2017

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.

Suggested Citation

Aras, Osman Nuri and Öztürk, Mustafa, The Relationship between Human Capital and MBA Education: The Case of Turkey (September 1, 2017). Journal of Management, Economics, and Industrial Organization, Vol. 1, No. 2, 2017, pp. 45-62. doi: 10.31039/jomeino.2017.1.2.4. Available at SSRN: https://ssrn.com/abstract=3031368

Osman Nuri Aras (Contact Author)

Nile University of Nigeria ( email )

Abuja
Nigeria

Mustafa Öztürk

International Trade

Istanbul
Turkey

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